Hilton Smythe welcomes to the market Home Choose Carpets. The business was originally established in 1986. This is a family run business, that has been very successful in this location. Our client is now looking to sell the showroom, due to the desire to take a well-deserved retirement.
The showroom runs from a commercial unit displaying a whole range of quality branded carpets and flooring, from all the leading manufacturers. The store also sells a variety of window blinds, which compliments the trade well. They offer home visits, measuring and a fitting service; these services are done using the fully liveried van, which is included in the sale.
The business generates a healthy turnover of around £185,000 per annum, with a gross profit of 36%. This is a good turnover; however, we feel this could be increased. The new owner could look to expand the commercial side of the business. 95% of trade is generated from public sales. There are generous amounts of referrals and word of mouth recommendations; from which the carpet shop receives much of its trade. Furthermore, commercial contracts would be a great way of increasing repeat trade.
This is a well-established business, which has an exceptional reputation in the town, for quality of goods and service provided. The showroom is set in a modern unit on an industrial estate that receives heavy footfall.
This is an excellent opportunity for a purchaser looking for a first time purchase. Hilton Smythe highly advise early viewing to take in the full potential of the trade.
TENUREWe are advised the business is being sold as a Freehold opportunity.
HOURSThe business opening hours-
Monday - Friday: 9am - 4:30pm
Saturday: 9am - 2pm
STAFFThe business is run and managed by our client, with the help of family members and one self-employed fitter, who has been with the company for over 20 years. The fitter will be willing to continue employment for the new owner, sharing skills and knowledge of the trade.
FINANCIAL PROFILEThe business generates a turnover in the region of £185,000 per annum.
Gross profit 36%.
Home Choose Carpets is located in Market Deeping, Lincolnshire.
The showroom is situated on an industrial estate, surrounded by complimentary businesses. This industrial estate receives a generous amount of footfall due to the plethora of retail outlets. The estate is just on the outskirts of Market Deeping town centre. This is a bustling town with vast commercial premise, and picturesque stone houses.
There are great road connections close by with the A1175 just a short drive away. This road starts at Market Deeping and connects to the A16 at Spalding. There are bus stops situated just off the estate with regular routes. The closest train station is in Stamford which is a 20 minute drive away.
The business is situated in an industrial unit. There are double doors which lead into the showroom. Above the doors is a sign, easily visible.
Inside is the long showroom. Above this is a mezzanine floor which is used as the office area.
Completely fitted showroom with displays of carpet ranges, samples on perimeter walls, flooring displays, central display units, carpet rolls racking.
Gas heating system.
Racking units for storage.
WC with basin and storage shelving.
Stairs from showroom lead to first floor.
Office area with desk, seating and racking unit for additional storage.
Separate office/kitchen area with viewing window over showroom.
Peugeot van, which is fully liveried.
The premise is secured with electric roller shutter security door and an external security camera.
The premise includes three allocated parking spaces.