business for sale

Contract Flooring and Wall Tiling Company

Businesses for Sale

Sale Memorandum

Contract Flooring and Wall Tiling Company


Ref.GE033

Location South Wales

Asking Price £ 50,000

Confidential offered for sale

Asking price includes

Work in progress, material stocks, tools and equipment
Wide range of products and services
Un patented technical know-how
Sales which growing year on year
Established client/customer base
Fantastic collection of sampling
Computer administration system
Excellent supplier partnerships
Excellent opportunity to grow
Office furniture and equipment
Complete Turnkey Operation
Re locatable Business
Training and handover
Excellent reputation
Good profit margins
Goodwill
Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA

Business profile:

This business was established by its present owner in 2000.
They specialise in supplying and fitting a broad range contract flooring materials and wall tiles.
They work for a wide range of building contractors, local authority departments, housing developers and a small percentage of private individuals. They have a database of eighty clients who have used their services but the core volume of turnover comes from a strong base of ten key companies who provide the main bulk of their work.
The demand for their services is significant and they cover a wide geographical area including all of South Wales, Mid Wales, Avon, Gloucestershire and Wiltshire.
Key to their success is the broad range of branded products that they carry. These include:
Flooring:
Polyfloor
Marley
Gerflor
Karndean
Altro
Armstrong
Herckmanwyke
Burmatex

Ceramics:
Nosa
Pilkingtons
Johnsons
NNC
Tile Flair

Vehicles:

The business currently has three long wheel base transit vans and two Fiat Bellingo vans.
Location

The business is presently located on a small industrial estate within easy reach of the M4 motorway and twenty minutes from the Seven Crossing. The company trades from a single industrial unit that is leased for a nominal rent. It would be a very straight forward operation to relocate the business to a site of the buyers choice or alternatively the lease could be transferred to the new owner.

Management and staff

The business is run by the managing director
One Office Manager
One Apprentice Floor layer and tiler.
Two full time Fitters
Eight sub contractors
Advertising and marketing:

The business gains much of its new work via recommendation. It does advertise in the yellow pages and has also developed its own web site.
Financial profile:
All financial information will be made available under the auspices of Turner Butler and subject to the usual Non Disclosure Documents being signed.
Reason for sale:

The owner has decided to emigrate.
Turner Butler Disclosure Statement:

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner & Co (GB) Limited registered in England and Wales under company no. 2477988 of registered office Savoy House Savoy Circus London W3 7DA, trading as Turner Butler © Shaun Sweeney October 2006

Next steps

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  4. We will contact you and put you in touch with the seller of the business.

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