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.
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.
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.
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:
With door to side, fluorescent lighting and eaves storage.
A further spacious showroom with perimeter wall displays, fluorescent lighting and carpeted floor, steps up to:
A generous sized office with room for a number of desks and filing cabinets, CCTV monitor.
Again, generously proportioned with two sash windows to side, fluorescent lighting, vinyl flooring and perimeter shelving.
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:
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
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.