For Sale
Well-Established Flooring Business
Ashford, Middlesex
- Asking Price: £119,995 +SAV
-
Turnover:
We are advised the Turnover reached an impressive £406,000 with a gross profit of 40% and net profit of £67,000.
Please quote reference B04748
- Tenure: Leasehold
Please quote reference B04748
Hilton Smythe welcomes to the market Fancy Floors, a thriving independent flooring business established by our client over 30 years ago.
The business has been privately owned by our client throughout this time, and is now selling to retire.
Revenue is derived from predominantly domestic housing, with a very local customer base which includes many different generations of local families.
The business also provides commercial flooring for care homes and landlords, offices.
Currently our client carries out around 25 different jobs per week.
The business is a proud member of Check trade and offers a large choice of carpets, vinyl flooring, laminate & wooden floors, luxury vinyl tiles, large choice of remnants, rugs and mats.
They offer a full advice service, measurement and installation through a team of experienced carpet fitters and in some cases can fit and supply carpets within 24 hours.
There are approximately 20 main suppliers to the business, all of which deliver direct to the shop.
Now run to suit our client who used to have 2 other similar shops, we identify that a new website, use of social media, newspaper and radio advertising would boost the current sales levels and awareness of the business.
An agreed handover will be offered by our client.
Early viewing strongly advised.
The business is run and managed by our client with some help from his wife and 4 x self-employed Carpet Fitters.
Monday to Saturday 9am to 5.30pm
Fancy Floors is located on a busy parade of shops set back off Staines Road in Ashford,
The business sits alongside a poplar furniture shop, Barbers, William Hill betting shop, Bakers, selection of Takeaways and Tesco Metro.
The business benefits from free customer parking and several major bus routes directly passing.
Ashford is a thriving suburb of London and approximately 19 miles from the centre of London.
The A308 connects directly to the busy M3, M4 and M25 London orbital.
Front external - wide pavement area ideal to display special offers and remnants.
Ground floor shop - carpet display unit to the left, middle and right of the large shop. Customer consultation desk to the centre.
Small office / stock room.
Kitchen / toilet facilities.
Rear hallway with access to the rear.
Outside
Large shared parking/ unloading area with 3 x storage garages and 1 x large warehouse.
Tenure
The business is been sold as a Leasehold opportunity with a renewable Lease covering the shop and storage premises, originally 10 years with 4 remaining paying £30,000 per year.
The business rates payable are £4,000 per year.
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Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
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