Hilton Smythe is delighted to welcome to the market this well-established and busy flooring retail business, which is ideally located within Denton, Greater Manchester.
The business was established by our client in 1981 and is only now being offered to the market due to our client's other business commitments. The flooring business currently operates at a pace to suit our client and generated a turnover in the region of £138,000 with a gross profit of approximately 30% as per 2016 accounts.
Our client offers a wide variety of floor coverings, including carpet, rugs, laminate flooring and vinyl's, to name a few, as well as offering a binding service. The fitting service is sub-contracted out. The property boasts approximately 880 sq. metres of floor space, is very well maintained and extremely well fitted out to suit the trade.
The business has built up an excellent reputation within the area for the very high quality of the goods and services offered, which has resulted in a very loyal client base, with a good volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by extending the opening hours. A new owner could also embark on a modest marketing campaign to highlight the goods and service offered. The business already has a website in place to promote the business at www.jayparkcarpets.com.
This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.
TENUREWe are advised Leasehold:
Original lease length: 3 years
Remaining lease length: 2½ years, as of September 2016
Rent: £11,000 per annum
HOURSThe business is currently run at a pace to suit our client.
STAFFThe business is owner run and managed with 1 x full time staff member.
FINANCIAL PROFILEThe flooring business currently operates at a pace to suit our client and generated a turnover in the region of £138,000 with a gross profit of approximately 30% as per 2016 accounts.
Jaypark Carpet & Rug Co. occupies substantial ground floor mill premises, ideally located within the town of Denton in Greater Manchester. The business is surrounded by complimentary shops, businesses and densely populated residential areas, from which the business derives much of its trade. The business benefits from a large amount of footfall, passing trade and good car parking facilities to the front of the premises.
Denton is a town in the Metropolitan Borough of Tameside, Greater Manchester. According to the 2011 census, the town had a residential population of 36,591. Denton was the base for hat-making for more than 200 years and was later home to Oldham Batteries, which at its height employed more than 1,000.
The area of the business is very well served by the public transport system, with several bus stops within easy walking distance of the property. Denton railway station is less than half a mile away. The area is also very well served by the road networks, with the A57, M67 and M60 all being within easy driving distance. Stockport is approximately 5 miles away and Manchester city centre is 6½ miles away.
Substantial ground floor premises in an ideal trading location, briefly comprising:
Warehouse mill shop with approximately 10,000 sq. ft. of floor space.
Carpet stands and reels throughout.
Carpet sample stands.
Wooden flooring samples.
Small kitchen to side of showroom.
Good car parking to front of premises.