| This genuine going concern specializes
in the supply and fitting of carpet, wood, laminate and vinyl floor
coverings in the mid to high end of the market for both residential
and commercial customers and includes a valuable insurance contract
providing a substantial annual income.
The turnover for the year ended April 2004 was £293,291 with
a gross margin of around 29%. We understand the figures for 2005
will show a slight improvement on this.
All fitters are sub contractors.
The shop net floor area is 73.53m2 (792 sq ft) with a kitchen with
WC and wash hand basin with access door to the rear yard and an
office measuring 2.17m x 2.11m.
The premises are freehold but the upper floors have been sold on
a 125 year lease at a peppercorn rent and therefore vacant possession
will be given on the ground floor only.
The vendor will also consider a leasehold disposal offering a new
lease at £10,000pa with a premium of £85,000 for the
goodwill, fixtures and fittings plus stock at valuation.
NB – Furnishing Collections is the trading name of New Result
Ltd and if a purchaser wished to take a transfer of shares of this
Company then this would be considered.
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