Carpet Shops for sale in Truro

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Y. MacGregor (Nov 2017)
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Leasehold Price: £149,950 Annual Turnover: £210,323 Gross Profit: £131,284 Annual Net Profit: £51,635
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Business Description
Gold Level Accounts With Manufacturers
Annual Turnover £210,323
Gross Profit £131,284
Free Parking Available
Closed Sundays
EPC - G
REF 6097 – Leasehold Carpet & Flooring Specialist

Blacks Brokers are proud to bring to the market this leasehold carpet & flooring specialist located in the much sought-after area of Truro, Cornwall.

INTRODUCTION

Endurance Flooring has been trading from Castle Street since 2012 and over that time it has firmly established itself within this business sector, gaining a large base of high end customers. Many customers are second home and holiday home owners in the area, along with much repeat work from local estate and letting agents. The business also holds several Gold Level accounts with manufacturers including 1 of only 3 ‘Roger Oates’ accounts in the whole of Cornwall, this also includes manufacturers such as ‘Woodpecker’ ‘Vusta’ and ‘Amtico’ which are all very much sought-after.

LOCATION

Situated on a busy main street in Truro, this is a prime trading position within the one-way system. The area brings a huge amount of footfall along with plenty of passing traffic. The area is mainly commercial, and the adjacent shops and businesses are complimentary operators. Parking is available in the immediate area and public transport links are good.

REASON FOR SALE

Endurance Flooring is only being offered for sale as our client is looking to relocate abroad.

LEASE

The business has two leased buildings at a combined cost of £201 per week – this is split between the shop operating on a rolling monthly contract (ready for new negotiation with business sale) and a lock up storage area close by which has three years remaining.
Further lease details to be confirmed.

BUILDING LAYOUT AND DESIGN

Endurance Flooring is housed within a well presented, traditional looking shop which is well branded and has clear signage displayed above a mainly glazed frontage.
Inside, the main showroom area is on the ground floor, displaying beautiful carpets and flooring solutions. The space is well organised, with tasteful décor and a homely feel. Following a small staircase is a second showroom with further displays in place. To the rear of the space is a storage space, staff room and externally, an enclosed yard. Down the street is a separate lock-up commercial unit/warehouse which is used for storage, cutting, preparation and back office administration. This also has fitter’s areas, and parking for commercial vehicles and cars.
Each area is finished to a high standard, with exemplary showrooms. All fixtures, fittings and equipment are included in the business sale.

STAFF

Endurance Flooring is currently operating with our client in full-time employment along with one family member working on a part-time basis. All fitters are self-employed.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business and Endurance Flooring has traded solidly over its trading history. The business generates an annual turnover of £210,323 with gross profits of £131,284.

SUMMARY

Endurance Flooring is well-renowned in this area and has a large base of both corporate and commercial customers. The business brings consistent takings, however, there is still some scope to develop the business further with a large marketing drive upon takeover and more contacts with estate and letting agents. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. We feel this may also be of great interest to another similar business looking for instant expansion with minimal investment. Early viewings are strongly advised. Fixtures:
x2 vehicles available at an extra cost
Trading Hours:
Monday - Saturday 08:30 - 17:30

Tenure: Leasehold

Location Details: Truro

Leasehold Term: Rent: £201 Per Week Including Lock Up

Listed by: Blacks Business Brokers Limited

Find out more about this business opportunity.

 
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6097
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