WELL ESTABLISHED CARPET, FURNITURE & DIY RETAILER - COUNTY DURHAM
LARGE, VERSITILE RETAIL PREMISES WOULD SUIT NUMEROUS USES (STPP)
Unit 1 - £200,000, Unit 2 - £150,000, Unit 3 - £150,000
Well presented and highly reputed business
Situated in the residential village of Trimdon
Genuine reason for sale due to retirement
Potential development oppotunity (STPP)
Early viewing essential to fully appreciate
Massive scope for further development
Advised annual turnover of £168,664
Ideal partnership opportunity
This superb carpet and furniture retailer is situated on a main through road in the village of Trimdon, County Durham. The business sits along numerous residential properties and enjoys a wonderful trading position providing ample opportunities for passing trade. The carpet and furniture retailer benefits from the local residence as it supplies a large amount of local customers within a very short travelling distance. County Durham is easily reached by the A1 which gives easy access to densely populated areas such as Newcastle, Sunderland and Darlington, and offers further access to Scotland to the North and Yorkshire to the South.
Meridian Business Sales are privileged to offer to the market this fantastic carpet, furniture & DIY retailer which was established by our clients in 1982. The only reason this excellent business is being offered to the market is due to our clients desire to take a well deserved retirement.
Since the business was established our client has maintained a steady stream of regular customers, but there is scope for a new hands on owner operator to increase trade within a short period of time by developing the business further.
Our client informs us that they generate a respectable annual turnover which is derived from the sale of carpets, fitting carpets, beds, mattresses, bedroom furniture, three piece suites and many more luxury items.
Due to the location of the business, it enjoys a large daily passing trade and high footfall and customers are further attracted by the very impressive window display and the unique product range.
The location and site of the premises are such that the site may also be of interest to a retailer or for development (STPP).
This is a tremendous opportunity to purchase a premium business with massive scope to develop further and as such early viewing is strongly advised as businesses of this calibre rarely stay on the market for long.
We are advised freehold
Monday: 9:00am - 5:00pm
Tuesday: 9:00am - 5:00pm
Wednesday: 9:00am - 5:00pm
Thursday: 9:00am - 5:00pm
Friday: 9:00am - 5:00pm
Saturday: 9:00am - 2:00pm
Large glass fronted, detached property briefly comprising:
The basement is currently leased to a boxing club/ gym which is run by the local charity and it currently has a further 5 years on the lease. The basement is split into three halves comprising:
1 x carpet cutting room
1 x storage room
(The third half being the boxing club/ gym)
The business is run from one side of the freehold property and the other side is currently rented out to a DIY store (700sqft) for £100pw. The ground floor is split into three halves, comprising:
1 x Furniture showroom (700sqft)
1 x Carpet showroom (1,500sqft)
(The third half being the DIY store)
The first floor is split into two halves only, comprising:
1 x bedroom showroom1
1 x furniture showroom
Business now includes a DIY shop