Hard Wood Flooring Experts in High Tech Restoration, Repair, Installation and Sanding
Location : Fulham, London
Asking Price : £385,000
Turnover : £1,322,882
Net Profit : Undeclared
Gross Profit : £474,175
EBITDA : £140,000
Net Asset : £38,944
Premises : Leasehold
Confidentially offered for sale
1st Class Database of 10,000 + Top Quality Clients
Trade Associations - Guild of Master Craftsman
National Wood Flooring Association
Federation of Small Businesses
Established in 2008, this high profile business was started by the vendor.
Extremely profitable, the business is an expert in the wood flooring market, dealing with restoration work, refinishing and new installations using the latest sanding and dust free technology. Projects often involve using a network of reclamation yards, with whom the business has excellent business relationships.
The business mainly operates across Central and Greater London areas as well as the Home Counties, although larger projects are undertaken throughout the UK and has developed an excellent reputation. Top clients include Fulham Palace, Harrods, American Embassy, Israeli Embassy, and top celebrities homes plus 150 + schools which equates to circa 10,000 + top quality clients, an extensive database of High Net Worth Individuals.
This opportunity has huge growth potential and would suit a company already specialising in this sector wishing to expand or an individual looking for a profitable business with an already excellent platform from which to grow. Continued success can be achieved by continuing the business ethic of always putting customers first and providing top quality work.
The business offers excellent quality assurance with attention to detail and is a member of the Guild of Master Craftsman, The National Wood fFooring Association and FSB.
Another point to illustrate is the very high tech monitoring system in place, whereby the owner can see all enquiries and staff activities from mobile phone and computers anywhere, including live stream video and reporting systems.
The business prides itself on the excellent quality of their work and professional customer service. Each job is carried out to the same high standard, with a friendly hands-on approach by the team of experts.
The brand is obviously a major asset to the business, and the company name in itself, along with the skilled tradesmen and well though-out and managed marketing strategy assures that the business is the first on the list for customers. The lengthy trading history and excellent business relationships with reclamation suppliers are also key strengths to the business.
With such a dominant market position and profile, the business is able to have competitive pricing and focus on quality of work and margins as opposed to pure quantity of sales.
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
Turnover circa £1,322,882, Gross Profit circa £474,175 and EBITDA c£144,000.
Net Asset Value £38,944
Equipment circa £110,000 inc. 14 sets of sanders/polishers.
Word of mouth recommendation and strategic and well thought out advertising has been a corner stone to the business, and really pushed them to the top of the sector using Google pay per click and google natural listing, plus search engine optimisation. The business has a professional website showcasing the company.
The business also uses Yell and Thompson, plus company brochures and direct mail distributing more than 300,000 in the London area.
There are a number of avenues for company growth including additional marketing to the very extensive high net worth customer base. With regards to the brand and sector, there is a real passion for wooden flooring and renovation of properties amongst customers, which could be easily capitalised on by expanding the same process.
The premises are leasehold and comprise an office of circa 800 sq. ft. the Annual rent is £6,000 inclusive of rates.
Monday – Friday: 8am – 6pm
Saturday: 10am – 3pm
Fitting teams 7 days per week
The owner is assisted by 4 office staff and 2 estimators. There are 18 teams of specialist restorers/floor sanders who are sub-contracted and carefully trained to provide a high level of service.
The vendor will assist with the handover and training for the new owner to ensure continuity of trading.
The vendor has explained that he has family commitments that are taking much of his time.
If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at email@example.comTurner Butler Disclosure Statement
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