Leasehold Carpet & Flooring Business In Essex For Sale

Business description

Bag a Business is delighted to offer for sale this well-established and highly profitable carpet and flooring retailer. Established for over 25 years, it has been in our client's careful ownership since 1996. During this time they have significantly increased trade and have developed a vast client base. Turnover is based on 50/50 retail and trade customers with much trade work coming from major design houses. Our client offers quality products direct from manufacturers such as Ulsters, Axminster, Cavalier, Associated Weavers, Louis De Poortere, and are also a Karndean design centre. The business is run with 8 employees, including their own fitters, and turnover is currently £924,373 per annum, producing excellent net profits. Very little advertising has been carried out, providing new owners an excellent base from which to expand. This is a unique opportunity to acquire a highly successful business with vast potential and we would highly recommend early discussions with Bag A Business.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original lease length: 10 years
Remaining lease length: 9 years
Review every 5 years
Rent: £28,500 per annum

Living accommodation:

A purpose-built, ground floor, lock up shop with attractive wide glass frontage and 1,000sq.ft of retail space. Briefly comprising: GROUND FLOOR Reception desk, carpet displays to 2 walls, various carpet display gondolas, Karndean design centre. Administration offices. FIRST FLOOR Ladies and gents WCs

Location:

This excellent business is centrally located in a very busy and affluent Essex town. The town centre is about to be re-developed, creating a new multi-storey car park and a multiplex cinema. The only route into the town centre brings traffic past our client's premises and therefore offers a high degree of passing trade. The town also benefits from excellent road links