Business for sale in United Kingdom – Tyne & Wear – England – Gb179-commercial contract flooring & suspended ceilings company-tyne & wear

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Business for sale in United Kingdom - Gb179-commercial contract flooring & suspended ceilings company-tyne & wear

Asking Price: 80,000 £ Real Estate: Lease
Sales Revenue: 550,000 £
Net Profit: 1 £
Year Established: 1963
Employees: Not Disclosed
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/England/Tyne & Wear
Relocatable

Business types:

Construction

Business categories:

Flooring Contractors ; Roofing Contractors

Business description

a rare opportunity to acquire a very well established company that is ideally positioned in the north east contract flooring and suspended ceiling market. This business enjoys “approved supplier” status with many public and private sector bodies within the region due to its first classs reputation which has been forged over some 50 years of succesful trading. The company supplies and installs all types of flooring , and to a lesser extent suspended celings (circa 10% of current business levels)on a commercial basis to both end users and their approved contractors throughout the north east. It has a good mix of clients within both the public and private sectors (inc nhs, local authorities, schools etc) and enjoys consistent levels of business, such is its reputation and the accreditations it holds. The company provides a comprehensive turnkey solution to its clients. By involving itself in projects at an early stage it provides expert technical and design advice backed up with accurate pricing, bills of materials and on time installation. The business is a fully accredited installer of all leading types of flooring so can provide advice on the most sutiable material and brand for each project. The business has in place excellent supplier relationships with leading manufacturers and wholesalers alike and excellent in house knowedge of the floors and celings it installs. The staff have built up a solid and reliable business based on reputation, quality of work and trust. This is evident in the numerous key accreditations and memberships the business boasts as well as the approved supplier status it enjoys with many of its customers. The company is fully conversant with all current legislation and guidelines relating to health and safety and has an excellent on site record.

Additional information

Additional information: Not Disclosed
Support & training: The vendor will provide a comprehensive handover to ensure a seamless transition of ownership
Reasons for selling: Planning exit strategy with retirement approaching
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: no
Lease: yes
Lease terms: The business operates from ideal leasehold premises. Rent is circa £6000 p.a. and the company enjoys small business relief on the rates which are negligible. Premises comprise circa 1500 square feet of office and storage spread over two floors. It is understood a new lease would be made available to a new owner. Alternatively the business could easily be relocated should a new owner so require.
Location: Not Disclosed

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