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Property Listing Details

Property details

Features

  • Leasehold
  • 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

Listing view statistics

Last 30 days: 23 page views

Since listed: 144 page views

Description

Reference - 47381

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

2018 - Adjusted Net Profit £55,492

Trading Hours
Tuesday – Friday 09:30 – 17:30
Saturday 10:00 – 17:00
Closed Sunday & Monday

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.

Map & Nearby

Local Amenities

  • Hazel Grove 0.7 miles
  • Middlewood 1.4 miles
  • Norbury Hall Primary School 0.5 miles
  • St Peter's Catholic Primary School 0.7 miles

Local map of the area

Map View Map showing location of property

Local Amenities

  • Hazel Grove 0.7 miles
  • Middlewood 1.4 miles
  • Norbury Hall Primary School 0.5 miles
  • St Peter's Catholic Primary School 0.7 miles
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Property descriptions and related information displayed on this page are marketing materials provided by Kings Business Transfer. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Kings Business Transfer for full details and further information.