Carpet Shop Business For Sale in Brighton

Brighton, Brighton, The City of Brighton and Hove BN2 4LR, UK


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This business is marketed by

Crickmay View more business for sale by this agent

Location
This concern which is being offered due to the owners retirement has been operated by the same family for the past 26 years. During this time it has established an excellent reputation for the sale of quality carpets and vinyls in addition to more recently introduced laminates division. The work is predominately within a ten to fifteen mile radius and is easily operated employing a team of self employed fitters.

 


Description

The business benefits from operating from an attractive shop premises with modern display fitments throughout and being in a popular parade position with nearby car parking and a large residential catchment area.


In addition to the shop premises the business rents four garages in a compound to the rear of the premises for storage of goods and cutting.


Operated by husband and wife team and employing 4 self employed fitters.


Trading 9 a.m. to 5.30 p.m. Monday to Saturday.


The business recorded a turnover for the year ending November 2012 in the region of £300,000 . This was marginally up on the preceding year and the vendors trading accounts will gladly be made available to bona fide applicants.


The anticipated net profit for a working owner is in the region of £50,000.

 

Tenure

The premises are held on a Lease granted by the local authority having 12 years unexpired at a current rental of £10,000 per annum. Rent review due 2015.


Price

We are instructed to quote for the Leasehold Interest to include Goodwill and Equipment, Fixtures and Fittings:


Offers in the region of £95,000 plus Stock at Valuation


Business Rates

We have been informed by the Local Rating Authority that the premises are assessed as follows:

 

Rateable Value: £9,200


UBR (2014/2015) 47.1 p in £


We advise that you contact the Local Rating Authority for confirmation of the actual amount payable. The rates payable may be subject to transitional relief and small businesses may be eligible for the Small Business Rate Relief Scheme.


Legal Costs

Each party to be responsible for their own legal costs.


EPC

Will be provided.


Viewing

Strictly by appointment through Vendors Sole Agents


Richard Ball

T: 01273 413420

M: 07768 898990

 

Valerie Bourne

T: 01273 413420


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business information

Sale price: £95,000
Tenure : Leasehold
Status: Available
Sectors:
Retail Space
Carpet Shops
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