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Retail premises for sale

£25,000

17 Berriew Street, Welshpool SY21

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Property description

Business
Powys Carpets Ltd is a family run business that was originally established by the current owner in 1970. The business is now reluctantly being sold, due only to our clients wish to take a well-earned retirement.

The business offers a wide range of flooring, not just carpets, including over 500 vinyl’s, Axminster, rugs, remnants, tiles, contract flooring and natural flooring. Almost every make of carpet is available at their store and most UK manufacturers are represented.

The business is a proud member of ‘The Guild of Master Craftsmen’ and the ‘National Institute of Carpet Fitters’.

The sale includes a company website, which the business benefits from a visible presence and enjoys fantastic reviews.

Scope to Improve

Upgrade the current website.

Advertising and marketing campaign.

Maximise the use of social media.

Extend the opening hours.

Consider subletting some of the shop space to complimentary businesses.

Location
Welshpool is a town in Wales, historically in the county of Montgomeryshire but currently administered as part of the unitary authority of Powys. The town is situated 4 miles from the Wales-England border and low lying on the River Severn. It has a population of 6,664, contains much Georgian architecture and is just north of Powis Castle.

Powys Carpets Ltd is perfectly situated in the main shopping area of Welshpool in an imposing, double fronted, terraced period building that benefits from high levels of footfall and passing trade. The business is well signed and nicely presented. There are a number of inexpensive car parks nearby.
Premises
The business is housed in an impressive mid terraced, double fronted building and really needs to be viewed to appreciate the size of the business premises.

Ground Floor-

Shop/Showroom

Windows and glazed door to front creating a light and airy interior, original period details including beamed ceiling, very generously proportioned with fluorescent lighting and carpeted floor, built in carpet displays to perimeter walls, rug display section, central carpet gondolas, counter area with till and card machine, steps down to:

Lower Ground Showroom

An impressively large space with high ceilings currently used for the display of carpet remnants and roll ends, suspended ceiling with concealed lighting, double doors lead to:

Garage

With door to side, fluorescent lighting and eaves storage.

First Floor-

Showroom

A further spacious showroom with perimeter wall displays, fluorescent lighting and carpeted floor, steps up to:

Office

A generous sized office with room for a number of desks and filing cabinets, CCTV monitor.

Second Floor-

Storeroom

Again, generously proportioned with two sash windows to side, fluorescent lighting, vinyl flooring and perimeter shelving.

Staff Room

With a range of beech effect base units topped by marble effect worktops, stainless steel sink and drainer with water heater, space for fridge, table and chairs, steps up to:


WC


With window to side.

There is a sign written Ford Transit van which is available by separate negotiation.
Tenure
We are advised this is a leasehold sale.

The current lease being on a monthly renewable, rolling lease.

The current rent is a very reasonable £6,492 per annum.

We are further advised that the current landlord would be happy to negotiate a mutually acceptable lease with a new owner.

Business rates are currently approximately £5360 per annum.
Hours
Mondays: 9am – 4pm

Tuesday to Friday: 9am – 5pm

Saturday: 10am – 3pm

Sunday: Closed
staff
The business is owner managed on a part time basis with the help of 2 full time members of staff.
Financial profile
The business reported a turnover of approximately £124,000 in 2017.
Extra notes
Reasons to buy

Well established business with an enviable reputation and great reviews.

Real opportunity to increase turnover significantly, current owner has been running at a pace to suit and this is reflected in the last years turnover.

Minimal running costs with extremely low rent given the size of the premise.

Current owner happy to offer a handover to ensure the continued success of the business.

What Zoopla users think of Welshpool

Overall rating:

  • currently 3.5 stars
Good - 68% (10 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Welshpool:

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Community & safety
  • currently stars
  • 1
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  • 5
Entertainment & nightlife
  • currently stars
  • 1
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  • 5
Parks & recreation
  • currently stars
  • 1
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  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
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  • 3
  • 4
  • 5
Schools & public services
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  • 1
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  • 5
Transport & travel
  • currently stars
  • 1
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  • 5

Nearby transport

  • Welshpool (0.3 miles)
  • Newtown (Powys) (12.3 miles)
  • Caersws (15.5 miles)
  • Liverpool John Lennon Airport (48.3 miles)
  • Manchester International Airport (60.2 miles)
  • Birmingham International Airport (60.5 miles)
  • Porth Penrhyn Ferry Landing (38.0 miles)
  • Barmouth Ferry Landing (38.1 miles)
  • Woodside Birkenhead Ferry Terminal (51.2 miles)

Nearby schools

View all schools in Powys
  • Chirbury CofE VC Primary School (6.0 miles)
  • Worthen CofE Primary School (6.2 miles)
  • Hope CofE Primary School (8.0 miles)
  • North Shropshire College (14.2 miles)
  • Shrewsbury School (16.4 miles)
  • Shrewsbury Colleges Group (16.6 miles)
  • Oldford Nursery & Infant School (0.2 miles)
  • Ysgol Maesydre (0.2 miles)
  • Ardwyn Nursery & Infant School (0.4 miles)
Note: Distances are straight line measurements

Local info for Powys

About the neighbours in SY21

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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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