Well-established Carpet Retailer in Suffolk

Saxmundham, Suffolk
REF: R06611

Asking Price:
£55,500
Annual Turnover:
£228,696
Annual Net Profit:
TBC
REF: R06611

Overview

Tenure:
Leasehold
Established:
2010
  • Wide range of carpets and known brands
  • Consistently strong financials
  • Good customer relations
  • Light, spacious shop
  • Accessible location

This is an excellent opportunity to take on a well-established carpet retailer in Suffolk.

Retailing an extensive range of high quality carpets for around 8 and a half years, the business has gained a recognisable profile as one of the go-to carpet shops in the area.

With strong relations with repeat customers and consistently good financials, the new business owner is offered a stable platform from which to continue trading effectively.

Offering a vast array of high-quality carpets from names such as Karndean, Cormar, Manx Tomkinson, Westex, Brintons and Victoria, the business has gained a strong standing within the local community, known for its wide selection and friendly, knowledgeable customer service. Individuals look to the business to add the perfect finishing touch to any home, whilst local builders also utilise the store continuously.

The business operates from a single-fronted, detached property, with bold signage at the front and floor to ceiling windows around the perimeter which let in plenty of natural light. Customers enter straight onto the showroom floor, with a number of carpets on display. To the rear is a desk, toilet and kitchen area. A large forecourt to the front of the shop also provides ample parking space. As minimal marketing is in place, the business relies heavily on word of mouth recommendation and repeat trade to generate revenue.

This business would be ideally-suited to a builder, independent carpet retailer or experienced carpet fitter, particularly as the current owner pays approximately £75,000 per annum to subcontractors to fit carpets.

The new owner may wish to develop the business further through setting up a website, enabling customers to order online, as well as social media profiles to promote the business’s stock and services. As around 800 new homes are currently being built close by, trade may increase naturally. The new owner could also act upon this to ensure business is secured.

A complete business handover would be available if the current owner agreed to stay on for a transitional period upon further discussion.

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  • Easily accessible
  • Situated on main road
  • Parking nearby
  • Good transport links
  • Prime location
Rent
£7,200
Rates
TBC
Lease Term
3 year
Lease Expiry
###
Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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