Freehold Carpet & Curtain Retailer With Accommodation For Sale

Business description

Summary:
Established over thirty years ago by the current Vendor the business retails a large range of carpets and curtains. The fitting is subcontracted and the sales split is approximately 60% carpets and 40% curtains. The large proportion of the trade is from local regulars however, customers travel from up to fifteen miles as the business is virtually unopposed. The majority of the business is grown from word of mouth recommendation with advertising only carried out in the local papers.

Turnover:
We are informed that the business turns over approximately £3,500 per week with a gross profit of 60%. When taking into account that total overheads are under £30,000 per annum it can be seen how profitable the business is for an owner worker.

Potential:
There is potential to extend the opening hours on Wednesdays and Sundays, similar to other local businesses. There is also planning permission to rebuild the wooden store with a one bed flat above. Plans available.

Stock:
To be purchased separately at valuation: Approximately £3,000. The majority of stock is bought to order.

Rates:
Business rates payable of £1,003 pa with small business relief.

Legal Fees:
Vendors and purchasers to meet their own contractual costs.

Property information

Property:

Leasehold

Location:

Fully glazed front. Sales area with carpet and curtain displays throughout, sales desk at rear. Large timber built store room, two stories, toilet. Fully redecorated with all new carpets self contained two bedroom flat, entrance at rear. Bathroom, separate toilet, kitchen/diner fully fitted, good sized lounge. Second floor has two large double bedrooms one with large storage cupboard.

Other information

Reasons for selling:

The vendor wishes to take early retirement.

Trading hours:

9.00am to 5.00 pm Monday, Tuesday, Thursday, Friday and Saturday.

Financing available:

The business should readily support loan finance subject to status. For further information please contact Dedman Business Sales.

Contact the seller