Carpet Shops for sale in Oldbury

View the "Established Carpet Retail & Installations- Oldbury" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Adam Warren (Jan 2017)
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Freehold Price: £265,000 Annual Turnover: £95,000 Gross Profit: £65,000 Annual Net Profit: £35,000
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Business Description
Established Since 1977
Annual Turnover £95,000
Gross Profit £65,000
Retirement Sale
Excellent Reputation
EPC - C
REF 5977 – Freehold Established Carpet Retail & Installations

Blacks Brokers are proud to bring to the market this freehold carpet retail and installation company located in a busy and much sought after area of Oldbury, West Midlands.

INTRODUCTION

Choyce Carpets has been trading on Causeway Green Road for over 40 years, with our client in ownership since opening. The business is a family run, well-renowned business with a large, repeat customer base and offers top quality flooring solutions with a wealth of knowledge in this sector.

LOCATION

The property is positioned within a small shopping parade neighboured by non-competing businesses. This area is very close to the M6, with Oldbury being a large suburb of Birmingham with easy access to the city centre as well as West Bromwich. Parking is available immediately outside the shop.

REASON FOR SALE

Choyce Carpets is only being offered for sale due to our client’s retirement.

BUILDING LAYOUT AND DESIGN

This property is a large, mid-terraced unit within a parade of shops. The business is housed within the ground floor with some space on the first floor used for storage.
Choyce Carpets is well branded with clear signage displayed and an attractive, manly glazed with window display. Inside, te main shop floor is open plan with stock storage and an impressive display area. The first floor is currently used for storage and also houses a staff kitchen and toilet – this space could easily convert into a residential flat if desired.
All areas are finished to a good standard, with good quality fixtures, fittings and equipment in place (all included in the business sale).

STAFF

Choyce Carpets is currently operating with our client and family members only in employment – no staff will remain in place when sale completes.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business and Choyce Carpets has traded solidly over its trading history. The business generates an annual turnover of £58,410 with gross profit of 40%. Please note: the last financial year’s opening was extremely limited due to ill health and trade is returning to normal now.

SUMMARY

This freehold business offers a new owner a number of exciting opportunities, the building would suit a variety of businesses and offers scope for rental income from the first floor space. There is plenty of scope to develop the business further with return to the usual opening days and hours and a marketing drive – the business has such a regular customer database, there has been no advertising for over 35 years and there is no online presence. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. However, it could also be of great interest to a similar business looking for instant expansion. Early viewings are strongly advised. Fixtures:
Some small amounts of office furniture.
Van TBC (unsure if will be included in the price).
Stock
Trading Hours:
MON - SAT: 09:00 - 17:00
SUN: CLOSED

Tenure: Freehold

Location Details: Oldbury

Downloadable Documents

Listed by: Blacks Business Brokers Limited
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5977
Seller Reference:
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