Hilton Smythe are delighted to bring to the market on a Leasehold basis, an opportunity to acquire a well-established long-standing flooring and soft furnishing business with an enviable reputation, located in Penzance, Cornwall.
This business is the largest flooring showroom in West Cornwall and has the best selection of quality flooring and soft furnishings, with an extensive range of fantastic brands and a very well presented showroom.
The Carpet & Homestore has been trading for many years in the Long Rock Business Park and was established in 1996.
The business is only now being offered to the open market for sale as it’s our clients desire to take a well-earned retirement after many successful years of trading.
The business prides itself on offering quality products & services relating to flooring solutions, they sell and fit,
• Carpet runners
• Mats and matting
• Carpet tiles and much more
All fitted to an exceptional standard resulting in many loyal and repeat customers with plentiful referral business.
We feel that there is fantastic scope to increase the turnover for this business by undertaking a robust, localised marketing campaign.
A fantastic opportunity to purchase this well-established, long standing business with a fantastic reputation.Location
Hilton Smythe is delighted to welcome to the market The Carpet & Homestore, which is in a prime trading location in Penzance, Cornwall.
The Carpet & Homestore is ideally located in the well-established Long Rock Business Park.
Penzance is a town, civil parish and port in Cornwall. It is the most westerly major town in Cornwall and is about 75 miles west of Plymouth and 300 miles west-southwest of London.Premises
The Carpet & Homestore is located within a terraced single storey light industrial unit constructed of steel frame and metal roofing, incorporating a door and high roller shutter doors.
Outside there is free customer car parking.
Internally, the premises are a large open plan retail showroom with three mezzanine floors, first used as office space, second used for staff room and kitchen and the third for storage.
There is also a customer toilet at the rear.
The customer service counter is located in the middle of the showroom by the bottom of the stairs which lead up to the office.
The office is fully equipped and furnished with a good range of branded wall and free-standing display units, shelving and sample stands.
• All fixtures and fittings
• 2 x ComputersTenure
We are advised the business is being sold as a Leasehold.
Remaining lease length: 3 years as of 2018.
Rent: £14,000 per annum.Hours
The business is currently run by our client with the help of one full time member of staff.Financial Profile
The Carpet & Homestore generated an advised turnover of circa £354,661 as of the 2018 accounts, with a gross profit of 169,444.