CoGoGo presents a rare opportunity to acquire a long-established flooring retailer and installer with over 40 years of successful trading.
The business has built an outstanding reputation throughout the North West, serving both domestic and commercial customers with the supply and installation of carpets, vinyl and laminate flooring. The sale includes the freehold premises, providing purchasers with both a profitable business and a valuable property asset.
Established for over four decades, this family-run business has earned an enviable reputation for quality products, professional service and reliable installation. Specialising in carpets, vinyl and laminate flooring, the business caters to both residential and commercial clients, utilising an experienced network of subcontracted installers.
Around 60–70% of turnover is generated through repeat business and customer referrals, demonstrating exceptional customer loyalty. No individual customer accounts for more than 5% of turnover, providing excellent income diversification.
There is considerable scope for growth through the introduction of a modern website, social media marketing and digital advertising, as the business has historically relied on its reputation rather than paid marketing. The reason for the sale is retirement.
Financial Profile
We are advised that the business generates an annual turnover of approximately £727,000, with a gross profit of around £174,000 (23.9% gross margin) and Seller's Discretionary Earnings of approximately £106,000 before owner replacement costs.
We are further advised that the business has no external debt, including no loans, hire purchase agreements or borrowings, with net assets of approximately £94,000.
