Carpet & Flooring Retailer For Sale
Location United Kingdom
Asking Price Range < $250K
Gross Revenues $521650
Net Profit / Cash Flow $0
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2000
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Description SW Carpet & Flooring Retailer for sale.
South West
Leasehold
Ref No: 2554
Asking Price: œ100,000
Turnover: œ325,000
This well known carpet, flooring and curtain retailer has been operating from this Cornish town for over 15 years. Under the ownership of our client vendors since 1999 the business has built an outstanding reputation for quality and service. It has forged long term relationships with key quality suppliers such as Axminster Carpets, Rylux, Mohawk, Brockway, Penthouse, Kersaint Cobb and others. It operates from a c1400 square foot warehouse unit on an industrial estate on the outskirts of the town. It is adjacent to a number of other well known home improvement brands which provide it with excellent passing trade and exposure. The premises are leased on a 15 year lease started in 2006 and an automatic right of renewal under the Landlord & Tenant Act. The business employs one full-time retail assistant and is run by a husband and wife team. Carpet and Flooring fitters are contracted on a self-employed basis. Assuming that one of the two owners is replaced with a full time administrative assistant/bookkeeper the business makes an adjusted profit before owner's drawings in excess of œ50,000. The existing stock can be purchased at value (estimated at œ12-15,000) and there are also 3 branded delivery vans available for purchase for cœ15,000 in total.
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