Leasehold Carpet Retailer For Sale

Business description

Bag a Business Ltd is delighted to offer for sale this carpet and flooring business located on the Isle of Man. The business was established by our client in 1995 and is only now being offered to the market due to his wish to retire. Our client has built up an enviable reputation in both the domestic and contract markets and is a member of the National Carpet Foundation. The company serves the whole of the island and employs 4 fully trained members of staff. The company enjoys strong relationships with major manufacturers and suppliers, which enables them to purchase at preferential costs, as well as having the exclusive selling rights on several brands, like the increasingly popular American Carpets. The business also offers customers a very favourable credit facility. Currently the business holds around £120,000 worth of stock and generates a turnover in the region of £450,000 per annum achieving a gross profit of 50%. Early discussions with Bag a Business Ltd are strongly recommended.

Property information

Property:

Leasehold

Lease terms:

Leasehold
3 year rolling lease
Rent: £654 per week

Living accommodation:

PROPERTY DETAILS Large modern premises with excellent storage and office facilities, briefly comprising: GROUND FLOOR Large glass fronted showroom (2000 sq ft) Sales counter/office Main office Second showroom (1500 sq ft) 2 x W/Cs Unused kitchen area Large warehouse (2000 sq ft) with staff kitchen, W/Cs and roller shutters FIRST FLOOR Large unused showroom (1000 sq ft) with office and W/C facilities EXTERNAL Very large car park (4000 sq ft) Delivery area to the rear

Location:

This carpet retailer/fitter is situated on the afluent Isle of Man. The business is located to the south of the island in Port Erin, a thriving area which attracts tourists and families all year round. Our client benefits from a monopoly trading position, with the nearest competitor being 15 miles away in Douglas. It commands a prominent position over 3 of the main roads running through the town. The premises also boast an exceptionally large car park, in excess of 4000 sq ft, which has permission to hold a weekly market and car boot sale on it. Port Erin is accessed directly off the main A5, which runs from the centre of Douglas. The Isle of Man is one of the most desirable locations to relocate to, due to its low crime rate, low taxation, excellent health service and good schools.

Other information

Support & training:

ADDITIONAL INFORMATION Our client is willing to assist in a handover period if required. There is an excellent first floor showroom which would be ideal for furniture sales and displays. The business also benefits from very low rates of just £1,500 per annum.

Trading hours:

shop Mon - Sat 9.30am - 5.00pm Fitting Service 8.30am - 5.00pm

Contact the seller

For more information about this business for sale, click the Contact Seller button.

Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.