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Hilton Smythe welcomes to the market Wood You Floor, a real wood flooring company based in central St Albans which was established in 2010, but due to health reasons, our client is now looking to sell.
Wood You Floor is a real wood flooring company located in central St Albans, an affluent city just north of M25. The business is located on a main shopping street that leads in and out of the city centre and close to a couple of carpet shops, therefore, this is an ideal place for customers to look for their flooring.
Wood You Floor is different from its local competition as it only sells real wood flooring, something that the other carpet companies locally do not do, therefore, there is no real direct competition.
Wood You Floor offers many alternatives from measuring and designing including supplying and fitting to supply only across their bespoke range of wood flooring.
The business has strong online reviews including 4.7/5 on Google and it is being sold with the website.
There is scope for development of the business by considering:
Opening 7 days a week.
Introducing further lines including laminate flooring etc.
There are many reasons to buy Wood You Floor including:
High footfall area.
Affluent residential location.
Further growth opportunity.
Hilton Smythe highly advise early viewing to avoid disappointment.
Wood You Floor Limited is in in the affluent city of St. Albans, Hertfordshire, on the main road in and out of town from A414. The premises have prominent signage and is located on a road with other DIY and carpet shops close by, bringing a high footfall to the area. There is parking directly outside the premises on the main road.
St Albans is an affluent city and was the first major town on the old Roman road of Watling Street for travellers heading north, and it became the Roman city of Verulamium. It is an historic market town and extremely commutable to the city of London being set just out the M25 and having major train links to London.
The last known population of St Albans was in 2014 when it was estimated to have 144, 800 residents.
Wood You Floor has distinctive signage to the front and is entered directly off the main road into the showroom.
The showroom has displays across the walls as well as free standing displays. There is a desk and a door to the rear storeroom.
The storeroom has a kitchen area and a door to the toilet.
The Premises are circa 29sqm.
We are advised the business is being sold as a leasehold business opportunity with a lease that is now rolling. We understand from the owner that the landlord is willing to assign a new lease to the new business owner for between 5 & 10 years with an annual rent in the region of £12,000.
Our client informs us that they are business rates exempt.
Monday – Saturday: 9am – 5pm
We understand that there are no restrictions within the lease regarding opening times and Sunday opening should be an option for the new owner.
The business is run and managed by our clients and contract other staff.
Wood You Floor generated an advised turnover of circa £132,806 as of the 2019 accounts, with a gross profit of £52,242 and an adjusted net profit of £26,800.
The assets being sold with the business are conservatively worth in the region of £3,000.
The average stock value is in the region of £2,000 - £3,000.
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