Well established & Lucrative Carpet/ Flooring Store
Prominent position on a busy main road parade including multiples
Turnover £167,009 per annum (y/e 31.03.18), adjusted net profit £55,492
Extensive and loyal customer base, 5 days only, genuine potential, viewing recommended
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Description This is an exciting opportunity to purchase a long established and well known carpet and flooring store which is located in the sought after district of Hazel Grove in Stockport, Greater Manchester. County Carpets occupies a prime trading position on a thriving parade of shops including multiple retail outlets at a busy main road junction within a a densely populated predominantly residential area with ample customer parking. As you would expect with such a high profile location, the area is a hive of activity throughout the day ensuring the business attracts high levels of regular local and passing trade. Having been in present ownership since 2001, County Carpets has forged strong relationships with the local community for offering a professional, knowledgeable personal service with a wide range of quality products at competitive prices. The business subsequently boasts an extensive and loyal customer base with excellent online reviews whilst also enjoying frequent referrals and recommendations. County Carpets offers a wide range of traditional and contemporary carpets and flooring to cater for all budgets including Karndean, lvt and a selection of vinyl. County Carpets operates from a highly visible double fronted unit providing deceptively spacious and versatile ground floor lock up business accommodation. County Carpets is a successful business generating impressive audited profits yet still offers genuine scope for future development. The business therefore represents a terrific investment for an ambitious operative who can build on the solid foundations that have been laid and exploit the true potential for growth. This will naturally increase the turnover of the business whilst ultimately enhancing the overall profitability. To fully appreciate what this first class business has to offer, viewing is strongly recommended at the earliest opportunity to avoid disappointment.
Sales Currently shop sales average £167,000 per annum approximately.
Accounts Available accounts are to year end 31st March and are summarised below: 2018 – Turnover £167,009 2018 – Gross Profit £94,017 2018 - Net Profit £41,509
Staff Managed by the owners with full/part time staff.
Building External The highly visible double fronted unit provides deceptively spacious and versatile ground floor lock up business accommodation.
Building Internal The welcoming showroom area is light and airy creating a welcoming environment. The rear of the property there is a kitchenette and staff WC.
Tenure We are advised that the property is held on an 8 year lease which commenced in 2013. The annual rent is £9,000 exclusive (correct as advised on 26/07/19). Rent reviews are at 4 yearly intervals.
We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.
Summary This is an excellent opportunity to acquire a well established and lucrative business with a bright future. Only now being offered for sale due to semi-retirement, viewing is highly recommended to avoid disappointment.
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