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Established Flooring Specialist - Retford For Sale

Retford, Nottinghamshire, UK
Asking Price:
£190,000 Furniture / Fixtures included
Sales Revenue:
£213,289
Cash Flow:
£47,960

Prominent Town Centre Location
Accounts Available Year End 31st August 2021
Annual Turnover £213,289
Gross Profit £131,180
Accounts Available After Viewing
Established 2007
Retirement Sale
Fully Equipped
Well Presented
Large Customer Base
Free Parking
CCTV Fitted Throughout
Scope To Extend Opening Hours
Potential For Online Sales
Scope To Introduce Marketing
EPC - TBC

REF 7721 – Leasehold Flooring Specialist

Blacks Brokers are pleased to bring to the market this leasehold flooring specialist located in Retford, Nottinghamshire.

INTRODUCTION

Kev's Carpets Ltd was established by our client in this busy area of Retford in 2007. The business offers a range of carpets, vinyls and luxury vinyl tiles. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google and Facebook.

LOCATION

Kev's Carpets Ltd occupies a prominent trading position within a pedestrianised parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Wilko and The Post Office. There are also a number of restaurants and other local amenities nearby. The area is well linked by the A1 with very strong public transport links and parking is available in the immediate area.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s retirement plans, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is due for renewal in October 2022 and this runs at a cost of £442 per week.

STAFF

The business operates with one member of full time staff in employment supporting our client working on a full time basis.

FINANCIAL DETAILS

Kev's Carpets Ltd has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 31st August 2021 show annual turnover of £213,289 and gross profit of £131,180. Full financial information is available upon request.

BUSINESS RATES

Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This long established business occupies an enviable trading position in a bustling central area of Retford. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new product lines and longer opening hours. A new owner could also look to develop an online presence with ecommerce and a social media presence to boost local marketing strategies. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property Information

Property:

Leasehold

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