Well Established Flooring Retailer - North Somerset for Sale
Leasehold : £ 64,950
Turnover : £ 4,231 p.w.
Gross Profit : 48%
This well maintained flooring specialist business has an ideal location on the main high street in the semi rural village of Yatton which is part of North Somerset and lies 11 miles south of Bristol: the largest centre of culture, employment and education in the region. The very popular sea side resort of Weston Super Mare is only a 10 miles away which brings visitors to the area. Due to its main road location and being surrounded by many affluent residential properties the business benefits from high footfall and passing trade. The village has good public transport links which are very convenient for customers and visitors to the area. The village is also ideal for commuters as the M5 motorway is located just over 7 miles away making visiting and commuting very easy. Yatton has always been a very popular area due to its' affordable housing, good schools, NHS services, excellent central shopping facilities and good public transport links. Yatton is accessed via the A370 connecting to the M5 and beyond.
WELL ESTABLISHED FLOORING RETAILER - NORTH SOMERSET
Advised annual turnover of £210,000
Situated in the busy town of Bristol
Monopoly trade in the area
Genuine retirement sale
Ideal first time buyer
Walk in condition
Meridian Business Sales are delighted to offer to the market this flooring retail business which was established in 1990 and has been in the careful hands of our client since 2005. Only now is the business being offered to the market due to our clients desire to take a well deserved retirement. Since our client took over the business he has invested time and money in the business and premises to the point where it is in full walk in condition, continually introducing new lines and income streams which has enhanced the business massively. Currently our client is running the business at a pace that suits his lifestyle, meaning that there is massive scope for a new hands on owner operator to further develop the business. Our client informs us that the annual turnover currently runs at £210,000 with a gross profit of £100,000 which is derived from the sale and installation of a wide range of flooring such as carpets, vinyl, laminate, rugs etc, along with the sale of other associated products. The business is owner operated with 1 full time member of staff and 2 x sub contractor fitters. The business enjoys a strong reputation within the local community and has a high level of regular and repeat trade together with advanced bookings. Our client is also willing to offer training to the purchaser if desired. This is a superb opportunity to purchase an easy to run, established business with low overheads which is a great base to build upon and as such early viewing is highly recommended to appreciate the location and business premises.
||To be confirmed
||A prominent detached mid property, brick and tile lay. Double fronted and well signed with secure glazed entrance to:
GROUND FLOOR PREMISES - briefly comprising:
Showroom with carpet, and vinyl samples, accessory displays
On street parking outside shop
||We are advised Leasehold
Original Lease: 10 years
Remaining Lease: 4 years
Reviewed every 5 years