Buy a Carpet And Flooring Business In Okehampton

CARPET/FLOORING BUSINESS WITH RESIDENTIAL LETS – DEVON

Early viewing is essential to fully appreciate

Situated in the bustling town of Okehampton

High amount of regular & repeat trade

Advised annual turnover of £250,000

Two 3 bedroom self contained flats

Scope for further development

Ideal partnership opportunity

Genuine reason for sale

FREEHOLD

Location

The business is situated on a main through road in Okehampton and is conveniently situated within the town centre, which has a modern Waitrose supermarket, Simmons Park, Okehampton Golf Club, Okehampton mainline station and the northern edge of Dartmoor. Churches of all denominations are also within easy reach, as are Okehampton Primary School and Okehampton College. Okehampton is approximately 23 miles west of the cathedral city of Exeter and approximately 30 miles north of the city of Plymouth. Both have an excellent range of amenities and Exeter has an international airport. At Exeter the M5 gives excellent motorway access to the rest of the UK. Mainline trains from Exeter St David’s operate a frequent service to London Paddington. Okehampton also lies approximately equidistant between the north and south Devon coasts and, via the A30 heading west, there is easy access to Cornwall.

Business History

Meridian Business Sales which was established by our clients in 1995 and has been in the careful hands of our clients since 1995. Our clients are reluctantly offering the business to the market due to a desire to take well deserved retirement. Since the business was established they have continually developed and improved the business, introducing new lines and income streams which has enhanced the business massively and in particular shows in the year on year increase in turnover and profitability. Our clients inform us that annual turnover currently runs at £250,000 which is derived from the sale and installation of a wide range of flooring such as carpet, laminate, vinyl and other associated products. The business enjoys a strong reputation within the local community and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as this superb business is not to be missed.

Financial Profile

Turnover: £250,000pa

Gross profit: £78,974pa

Stock approximately: £20,000

Tenure

We are advised freehold

Opening Hours

Monday: 9:00am – 5:00pm

Tuesday: 9:00am – 5:00pm

Wednesday: 9:00am – 5:00pm

Thursday: 9:00am – 5:00pm

Friday: 9:00am – 5:00pm

Saturday: 9:00am – 5:00pm

Sunday: Closed

Accommodation

Large character property, briefly comprising:

GROUND FLOOR

Secure entrance leading to:

Open plan store

Serving/payment counter

2x large showrooms

Ample displays

Staff room/kitchen

Office

Store room

Flat One – Situated over 1st & 2nd floor

3x bedrooms

Fully fitted kitchen

Lounge

Bathroom

Dining room

Flat Two – Situated over 1st & 2nd floor

3x bedrooms

Fully fitted kitchen

Lounge

Bathroom

Dining room

EXTERNAL

Yard and parking facilities