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Retail premises for sale

£52,000

Market Place, Somerton TA11

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Property description

Business
Hilton Smythe welcomes to the market mj Carpets. For sale due to the wish for well-earned retirement, this long standing floorings and carpet business has been operating in the town since 1976 and in our client's ownership since 1988.

Long established and locally renowned for several decades, this high street retail operation offers a full range of all things carpet and flooring, from sales to measuring and fitting. With a superb range of mid to high end brands, suppliers include, Axminster, Forbo-Flotex, Penthouse, Ryalux, Uniclic, and many more. The bespoke provision of carpets, floorings, laminate, and vinyl are the mainstay of this business.

Serving a wide varied client base for a circa 30-mile radius, the business thrives on regular, repeat, referred, and local custom owing to its well-known old fashioned personal service, that compliments all tastes and styles. Unlike the multiple corporate operators, mj Carpets has built its reputation on ensuring a first-rate customer service, with a swift turnaround on delivering the job. The business also undertakes home visit measuring and sampling, regular cut-off and remnant sales as well as insurance quoting.

Run at a pace to suit the current operator and although decades of profitable success, there still remains scope for a new blood operator to drive the business forward. The addition of a sales representative, and further fitting and estimates staff would help to increase volume. In this day and age of plentiful new build housing, there also remains huge scope to partner with local developers.

Location
mj Carpets is located in Somerton, within the county of Somerset.

Situated in a highly prominent spot at the junction of 2 main thoroughfare’s, toward the end of the main high street close to plenty of other independent operators, the old market square and plentiful free on street parking. Highly visible from all angles, with good signage.

Somerton is a popular location, predominantly 14th century built, a large village come small town, and boasts many pretty buildings situated in a central part of South Somerset. A rural idyll only 19 miles from the county town of Taunton and circa 30 miles of Bath. Somerton gave its name to the entire county, and was previously itself the county town. With a population of circa 6000 people, the B3153 runs through the centre of the village offering easy access to the A38, and the A303. Good public transport links also connect many surrounding towns, such as Langport, Yeovil and Shepton Mallet.
Premises
A visible and lovely looking period style premises with large front window elevation, fronting the main high street and old market place.

A single unit retail space circa 49 sqm.

Well displayed and presented throughout, the unit benefits a large shop floor with an influential window displaying space. To the rear of the premises is a smaller retailing space, currently used as an operator office and further display area.

The unit further benefits ancillary areas, kitchenette, rear yard space and WC.

Within a short driving distance is a separate lock-up container for storage and delivery of stocks, complete with skip disposal area.
Tenure
We are advised the business is being sold as a Leasehold business opportunity.

Original lease length: Held on a rolling monthly licence to occupy with a private landlord.

Remaining lease length: New lease terms available by negotiation.

Rent: £4,680 per annum.

We are advised that the business is currently subject to zero payable rates.
Hours
The business opening hours:

Monday to Friday: 09:30 - 13:00 and 14:00 - 17:00

Saturday: 09:30 – 13:00

Sunday: Closed
staff
The business is run by our client, with the help of a shop manager and 2 self-employed full time fitters.
Financial profile
mj Carpets generated an advised turnover of circa £142,575 as of the 2016 accounts, with a gross profit of £52,023.

What Zoopla users think of Somerton

Overall rating:

  • currently 4 stars
Very good - 79% (10 ratings)

Ratings breakdown:

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Nearby transport

  • Yeovil Pen Mill (9.1 miles)
  • Castle Cary (9.4 miles)
  • Yeovil Junction (10.2 miles)
  • Bristol Airport (22.7 miles)
  • Cardiff Airport (35.7 miles)
  • Exeter International Airport (37.2 miles)
  • Bridgwater Ferry Terminal (13.0 miles)
  • Weston-super-Mare Knightstone Harbour (23.4 miles)
  • The Cottage Ferry Landing (27.6 miles)

Nearby schools

View all schools in South Somerset
  • King Ina Church of England Academy (Juniors) (0.1 miles)
  • King Ina Academy (Infants) (0.4 miles)
  • Long Sutton CofE Primary School (2.3 miles)
  • Millfield School (4.8 miles)
  • Strode College (5.3 miles)
  • Cambian Lufton College (7.4 miles)
  • Huish Episcopi Academy (4.1 miles)
  • Avalon School (4.4 miles)
  • Crispin School Academy (5.3 miles)
Note: Distances are straight line measurements

Local info for South Somerset

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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