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£0 £1000000

Well-Established Carpet & Flooring Store Pontefract

Pontefract, West Yorkshire

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£19,950

Ref: 13826 F

Leasehold

Overview

Hilton Smythe welcomes to the market Colin Berriman Carpets. This carpet retailer has been established for over 55 years and possesses a tremendous amount of goodwill and a good reputation. The business is well known in the Yorkshire area; receiving a generous amount of repeat trade. Many generations of families have bought carpets from the business and continue to do so.The owner is taking a long overdue retirement and is willing to pass the reins of the business to someone else. To facilitate an early sale our client is asking for a price which is only 50% of value and is willing to include all stock including samples and carpet rolls at no extra cost. The business supplies carpets, rugs and mats to commercial and residential customers.

Turnover
We are advised that the turnover at present is approximately £120,000 per annum with a gross profit of 30%. The premises are exempt from the payment of business rates at present.

There are no employees but the owner subcontracts the fitting to 3 self-employed fitters.

10.30am to 6.30pm Monday to Friday. The hours and days can be increased.

A very noticeable 3 storey end commercial unit, with commanding views over busy main road junction in Pontefract. The premises are near Pontefract town centre in a densely populated mixed residential and commercial area. The M62 motorway is a short drive away. Pontefract Baghill train station is also just a short walk away.

The business is run from a 3 storey end commercial unit. Entrance is on the ground floor leading to a good-sized reception area with office behind. There are panoramic views of the local area. Internal stairs lead to a showroom on the 1st floor. The basement area with separate entrance doors houses a large stock room and WC. There is a private car park at the front for up to 3 cars. The price includes all stock and fittings and equipment including roll holders, display units, shelving, desks and computers.

Tenure
We are advised the premises are held on an informal tenancy at a rent of £190 per week.We understand the Landlord is willing to grant a formal Lease on terms to be negotiated.

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