This business is marketed by
Crickmay View more business for sale by this agent
This concern, which has been in the same family’s hands since 1983, boasts an excellent reputation for the sale of good quality carpets, vinyls and natural floor coverings, predominantly to a large local private customer base.
By virtue of its town centre location it enjoys a high level of footfall and is surrounded by a large number of multi-occupancy dwellings.
Good sized double frontage shop with recessed doorway opening onto open plan sales area with host of wall-mounted display racks and free-standing display gondolas.
To the rear is a small office area and adjacent is a covered lean-to.
Approximate shop sales: 260 sq ft
Rear office: 60 sq ft
Stairs to staff WC, 2 additional store rooms and main office: 4.3 m x 3.1 m.
In addition to the retail premises, the business also rents a small industrial warehouse nearby in Hove.
Currently trading between the hours of 10.00 am and 5.00 pm Monday to Friday, 10.00 am until 3.00 pm on Saturdays.
The business is run under the personal supervision of the vendor employing 2 part time assistants and a nucleus of 3 sub-contract fitters.
The customer base is mainly for top end domestic floor coverings and the vendor’s trading accounts confirm a turnover for the last full financial year of £275,340 with slightly higher sales the preceding year. Historically, the business accounts show a healthy and consistent sales ledger. Excellent profits are achievable for an owner occupier and full accounting details will gladly be discussed with interested parties.
The business is being offered for sale due to the vendor’s retirement, although he is prepared to offer training of the retail aspect of the business to a buyer to ensure a smooth hand-over.
The premises are held on a full repairing and insuring lease granted from a private landlord which currently expires in 2014. The shop rent is £16,000 pa which is currently paid on a monthly basis. We understand a new lease may be available subject to status. The current rent for the warehouse unit is £5,500 pa.
We are instructed to quote:
£70,000 plus stock at valuation to include the leases and goodwill
Each party to be responsible for their own legal costs.
Strictly by appointment through Vendors Sole Agents
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