Carpet Shops for sale in St Albans

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Long Established Furnishing Company

St Albans, Hertfordshire, England

  • Leasehold Price: £165,000
  • Turnover: £940,608
  • Gross Profit: £282,652
Seller Reference: B05215
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Business Description
 
 
 
 
 
 
 
 
 
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Seller Reference: B05215
Request Details
Business Description
Business

Hilton Smythe welcomes to the market Marshalswick Furnishing Company, which is a family run business and a name that is synonymous with the area, due to its longevity and good standing.


Marshalswick Furnishing Company sells carpets, rugs, flooring including wood and laminates, curtains and blinds. Since opening its doors Marshalswick Furnishing Company has been installing quality flooring, curtains, blinds, and home furnishings to thousands of satisfied customers in St. Albans and throughout Hertfordshire. They are extremely proud of the hard earned reputation for the outstanding quality, value and service they provide.


This family run business was established in 1965 and our client is now looking forward to retirement


Marshalswick Furnishing Company currently fits flooring, curtains, blinds etc in domestic homes with only a few commercial contracts. This is an area that could be considered for expansion of the business by contacting local companies, letting agents, schools, local authorities etc


The company supplies floor coverings from many leading brands including Amtico, Karndean, Penthouse, Westex, Woodpecker, Rhinofloor, Brintons, Aminster Carpets and many more. Also, fabrics from Harlequin, Sanderson, Swaffer, Today Interiors, Villa Nova plus many other premium and current brands.


The business is being sold with the website www.marshalswickfc.co.uk and has 5*reviews on both Google and Yell. The company does not have any social media pages, and this is an important area that could be explored to promote the brand further. There are many reasons to buy Marshalswick Furnishing Company including:



  1. High footfall area

  2. Long established business with an excellent reputation

  3. A name that is synonymous with the area

  4. High earning clienteles with disposable income


Although the business is well established and profitable there is scope for development by considering:



  • Opening on Sundays

  • Extend the Curtains and Blinds side of the business

  • Create social media pages to promote the brand further

  • Look at commercial opportunities i.e. schools, letting agents, local authorities etc.


Hilton Smythe highly advise early viewing to avoid disappointment



Location

Marshalswick Furnishing Company is located in The Quadrant, Marshalswick a suburb of St. Albans, Hertfordshire. The Quadrant is a thriving shopping area with a high footfall throughout the week. This has been aided by the recent addition of the M&S food hall. There is ample free parking up to 3 hours directly outside the showroom, meaning there is no need for customers to rush.


Marshalswick is an affluent and growing area with several large residential developments presently underway. There is also a strong demographic with expendable income making the Marshalswick and St Albans area one of the best places to live and work with a 25 minute train journey to St Pancras via Thameslink.


 



Premises

There is a large free car park with a maximum 3 hour stay directly outside the premises. There is a distinctive canopy and frontage to the showroom which makes the business stand out and it enjoys a central position on The Quadrant.


To the right hand wall is the display for curtains, blinds, poles etc. The remainder of the showroom is designated for the display of carpets and flooring with many tombola units, wall and display stands. Amtico Spacia has a large wall stand at the end of the store and there is also an impressive Quick Step display.

To the rear is the sales desk area with computer systems. Past the main showroom is the large rear storeroom with many samples, shelving etc. There is a further desk area here with computer system and access to the rear parking and service area. There is also access to the general and managers office both with computer systems, 2 x toilets and kitchen. An efficient telephone system is installed with handsets and extensions to all desks.


The business is being sold with 2 x sign written Fiesta vans. One being 2016 registration and the other 2011 which is perfect for small deliveries and visiting clients. There is also an X registered large Ford Transit van, sign written and in good working order.


Outside to the rear there is a large parking and service area with one allocated parking space. There is ample room here for large delivery vehicles to come and go without difficulty. There are 3 x garages included in the lease which have been converted into efficient storage facilities, all with parking allowed in front of them. There are 2x further garages also converted for storage which are leased separately at £720 per annum each paid quarterly. These also have parking spaces directly in front of them.

These premises have the benefit of a one site facility where showroom, office, storage and distribution can be operated in an efficient and cost effective way.



Tenure

We are advised the business being sold as a leasehold business opportunity with a 25 year lease from 2000 and an annual rent £35,000 which is up for review in 2020 Our clients inform us that they pay business rates at £11,500 per annum    



Hours

Monday - Saturday: 9.00am – 5.30pm
Sunday: Closed
Sunday opening should be considered as there is a strong footfall in the area.



Staff

The business is run by our client with a full time manager who will be leaving when the business is sold. There are also 2 x part time  and 1 x full time staff members who will remain.


The business also has a team of experienced and loyal fitters who are self employed on a mutually flexible arrangement.



Financial Profile

The company generated an advised turnover of £940,608 as of the last accounts with a gross profit of £282,618 and an adjusted net profit of £39,255


The assets being sold with the business are worth in the region of £15,000                                                                   


The average stock level is circa £30,000



Tenure:
Leasehold
Listed by:
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