Having been founded around 25 years ago by the current owner, the business retails and installs all flooring types other than tile and also retails interior design furnishings from its showroom and online.
Located in Lincolnshire, the business operates from a superb 7,000 square foot premises, leased from a 3rd party.
The business employs 4 in addition to the vendor and they are expected to want to stay with the business.
Revenues are typically between £800k and £900k delivering an adjusted EBITDA after accounting appropriately for management costs of £130k to £150k.
The Guide Price sought by the Vendors for 100% of the shares of the company is £395k. The business will be sold on a debt free, cash free basis to include a Net Asset Value at Completion expected to be c. £40k.
The business will be an attractive acquisition for both a trade buyer looking to extend its product range and / or geographic scope and also individuals looking for a stable stand-alone business, with significant further growth opportunities.
