Status: Completed
Tenure: Leasehold
Leasehold Rent: £1,000 per month
Turnover: £153,456
Established Flooring BusinessEstablished Flooring BusinessEstablished Flooring Business
£10,000 + SAV

Established Flooring Business

Completed
  • Reference: 12596 G
  • Location: Market Deeping, Lincolnshire
Hilton Smythe is delighted to welcome to the market CSM Carpets & Flooring Ltd. The business has been established since 1999 and is very well known in the area for the exceptional quality of products and friendly professional service.

The store is spacious with products clearly displayed throughout, the business offers a variety of quality flooring solutions such as carpets, vinyl's, laminates and solid wood floorings. The business is the recommended installers for well-known brands such as Karndean, Amtico, Polyfor and Altro.

As of 2016 accounts the business turnover is around £154,000 with a gross profit at circa 34%. The business offers free consultations and a professional installation service using reputable sub-contractors. The price includes a liveried 2010 Renault Kangoo Max van.

The business currently provides mostly to the domestic market due to our clients impending retirement. However, in previous years the business also provided to the commercial market, when turnover increased by around 50%. We believe a new owner can easily reinstate this arm of the business with a modest marketing campaign.

We highly recommend early viewing of this established and reputable concern.

TENURE

We are advised leasehold.
The original lease length is 5 years.
As of 2016, 2 years remain on the lease, with a new lease available.
Rent is £12,000 per annum.

HOURS

The business opens:-

Monday to Friday 9.00am - 5.00pm
Saturday 10.00am - 4.00pm
Sunday closed.

STAFF

The business is owner run and managed with the assistance of 1 member of staff.

FINANCIAL PROFILE

As of 2016 accounts the business turnover is around £154,000 with a gross profit at circa 34%.
The business is located in the affluent market town of Market Deeping, Lincolnshire.

CSM Carpets & Flooring Ltd occupies a prime trading positon on the well-presented High Street surrounded by a plethora of independent retail outlets, pubs, eateries and town centre amenities ensuring a constant footfall throughout the day.

The area is easily accessible from the A15 and the regular bus services operate throughout the day. The business benefits from free parking directly to the front.
Double fronted premise briefly comprising:-

Well-presented colourful frontage with good signage.

Spacious 'L' shaped showroom area with 4 large window display areas. Perimeter displays of carpets and flooring samples and accessories, central carousels and display stands. Seating area. Work area/desk.
Storage area racking at the rear of the shop for deliveries.
Divided office area with desks, seating, computer & printer.
Cloakroom kitchenette area.
Staff toilet facilities.

Free parking outside shop.