High Turnover Flooring & Carpet Retailer For Sale, Glasgow 2635

Leasehold £795,000

    1835

This is a superb opportunity to acquire a twenty year old and very well established highly profitable business with a high turnover retail outlet specializing in laminate and hardwood flooring and carpets.

Experienced management and sales team in place, so this is an ideal investment opportunity for those looking to add a business to their portfolio with minimal input.

The annual gross turnover is £1.3 million from purely retail sales with full EPOS system reporting and monitoring of all sales and margins.


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Type of business
This is a superb opportunity to acquire a twenty year old and very well established highly profitable business with a high turnover retail outlet specializing in laminate and hardwood flooring and carpets. An established and respected flooring brand associated with great customer service, expert knowledge and huge product ranges including luxury carpet brands, hardwood and laminate flooring together with luxury vinyl tile flooring. Knowledgeable sales staff & self employed installation teams. Significant potential for further growth through use of social media which the current owners have not exploited and also via trade sales. Business for sale at offers in the region of £795,000.
Staff
Experienced management and sales team in place, so this is an ideal investment opportunity for those looking to add a business to their portfolio with minimal input.
Tenure
Leasehold. Spacious open plan showroom in highly visible location.
Financial information
The annual gross turnover is £1.3 million from purely retail sales with full EPOS system reporting and monitoring of all sales and margins. 2021 sales are very impressive in spite of a challenging retail market and full closure through the Covid pandemic. Operating at the medium to high value end of the market the business has consistently achieved excellent gross profit margins of around 50%.