Property Descriptions

Specialist Flooring Supplier Exhibitions, Contract & Retail Ref. AG146 Location : South Wales Asking Price : £960,000 This well known and successful business was founded by the vendor in 1985 and was in response to noticing an opportunity to supply and fit contract floor coverings to the exhibition industry and to add value and generate secondary revenues by re-selling the previously supplied and used carpets back to commercial contract and exhibition customers, looking for savings. The essential character of this business is illustrated in the novel way that its commercial, business to business activities in supplying and fitting exhibition and contract flooring is combined with its retail activities through its freehold premises on a busy and popular trading estate near one of South Wales best known Cities. These retail activities account for circa 26% of overall turnover and is a growing & reliable cash-flow positive contributor to the business’ financial performance. This format has remained unchanged since 1985 and has proven to be both highly profitable and sustainable as a business model; the business continues today as it always has, following this reliable format. The company makes a wide choice of coverings available for hire or sale, including exhibition cord carpet, velour’s, artificial grass and kitchen flooring to exhibition halls, marquees and other venues which require temporary flooring. The business offers a rapid, reliable and personal service and employs highly trained and skilled carpet fitters. It is for these reasons that so many of customers have stayed loyal to the business year after year. The business has benefitted from much investment by the current owner and is a testament to the positive financial outlook for the company, which is limited only by the owners’ desire to grow and diversify. The business has a very well earned reputation, which is a great asset to the business. All operations are streamlined with low overheads. The customer base is diversified enough to give stability to future earnings with sales spread across them and have been loyal over the years, which provides much confidence in future earnings from which to build.