For Sale £55,000 Offers over - Carpet & Flooring Business, Leasehold property
Long established carpet and flooring retailer. Established for in excess of 50 years within Ayrshire town of Irvine. Leasehold operation specialising within the residential and commercial sectors. Highly respected name within the flooring sector in Ayrshire. Strong trading with excellent net profits. Ideal bolt on business for larger firm or owner operator.
One of Ayrshire longest established carpet and flooring retailers. Located within a prime trading spot for this type of business, Alexander Carpets and Flooring is situated within the Ayrshire town of Irvine. With a population of just under 40,000 people, Irvine offers good links via road and rail to the nearby towns of Ayr, Troon and Largs with Glasgow Airport & Prestwick within easy reach of the business.
The name Alexander’s is well known within the area and has been established for over 50 years. The reputation of the business which has been formed many years ago is one of customer care and attention, quality and range of products and for the wealth of knowledge and experience within the sector. The family operated business which our client purchased from the original owners back in 2011, is housed in a modern and well-presented industrial unit which has become known as the area to go when buying carpeting and flooring within Irvine. With various national flooring retailers situated close by Alexander’s, the business sees a healthy amount of passing trade dropping in to view their products. Typically, once buyers have visited and sampled the quality of customer care and product on offer and with the long tradition and wealth of experience, the customer typically becomes repeat business in future years.
On taking over the business, which was previously situated within the High Street, our clients decided that the best option for future growth would be to move to a more suitable industrial unit that offers car parking, pleasant showroom along with generous storage space to the rear. Another area which our client has noticed growth in has been the commercial and industrial sector. While residential trading has always been strong for the business, offering carpeting and hard flooring to households within the surrounding area and beyond, the vendor was aware of other strong income streams.
Over the seven years of ownership the vendor has now created a business that has a good mix of income that is in recent years split almost equally between residential and commercial trade. However, it should be noted that whilst trading is growing at a terrific level with various contacts built up within the commercial sector over recent years, there is still terrific room for growth for either an established operator coming in to take over the business or an owner operator.
The increasing income levels have been generated without or with very limited promotion. New owners may wish to go out and source further commercial contacts from areas such as golf clubs, hotels, factories or even care homes to name just a few. The vendor would also be the first to admit that they have not taken advantage of online sales or even website promotion to drive further business to Alexander’s Carpet and FLooring. Our client has only now decided to offer the business for sale after 7 years due to family commitments.