Freehold Retail Premises | Leasehold Storage | Vehicles | Established Customer Base
An excellent opportunity has arisen to acquire a long-established carpet and flooring business serving the North East of Scotland. The business has built an excellent reputation for providing a high-quality, personal service, with limited direct local competition.
The business is being offered for sale only due to the retirement of the owner, providing an incoming purchaser with the opportunity to acquire an established and profitable trading operation with significant potential for further development.
The Business
The company specialises in the supply and fitting of quality floor coverings, with current sales approximately divided as follows:
70% Carpet
30% Vinyl and Laminate Flooring
The business benefits from an established local customer base, strong reputation and recurring demand for its products and fitting services.
The operation is supported by:
Two experienced fitters undertaking carpet and lino/vinyl installations.
One part-time self-employed joiner carrying out laminate flooring installations.
Three company vehicles, comprising a car, pickup and van.
Well-established supplier relationships and an extensive range of flooring products.
Financial Profile
The business currently generates a net annual turnover of approximately £350,000.
The company enjoys good gross profit and net profit margins, reflecting its established market position, quality service and efficient operating structure.
Detailed financial information will be made available to seriously interested parties following an initial confidential approach and subject to appropriate confidentiality arrangements.
Premises
The sale includes a well-fitted freehold retail showroom of approximately 72 m², providing an attractive customer-facing environment for displaying carpets, vinyl, laminate and associated flooring products.
In addition, the business benefits from a separate leasehold storage unit of approximately 60 m², providing useful additional storage capacity for stock and materials.
The combination of dedicated retail premises and separate storage gives the business a practical operating base while keeping the showroom well presented for customers.
Stock
Stock is available in addition to the purchase price and will be valued at cost at completion.
Normal stockholding is approximately £40,000 at cost, although the actual value will be determined at the time of sale.
The Opportunity
This represents an attractive acquisition for an owner-manager seeking an established flooring business, with the benefit of an existing customer base, trained fitting personnel, vehicles and freehold premises.
The business may also provide an opportunity for an existing carpet or flooring operator to expand into the North East of Scotland, providing an established local presence from which to develop additional sales and market share.
Further growth could potentially be achieved through increased marketing, development of the commercial customer base, expansion of product ranges and/or leveraging the resources of an existing flooring operation.
Sale Terms
Offers sought: £350,000
The asking price includes:
The trading business
Freehold retail premises
Three company vehicles
Goodwill and established trading reputation
Fixtures, fittings and equipment
Stock is additional and will be valued at cost, with the normal stockholding being approximately £40,000.
The separate storage unit is held on a leasehold basis, with the lease and associated terms to be discussed with interested parties.
Reason for Sale
The business is offered for sale solely due to the owner's retirement following many years of successful trading.
STRICTLY CONFIDENTIAL
The sale is being conducted on a strictly confidential basis. Interested parties will be required to make an initial enquiry and may be asked to sign a confidentiality agreement prior to the release of detailed financial and trading information.
