Leasehold Domestic & Commercial Flooring Business Located In Falmouth

Leasehold Domestic & Commercial Flooring Business Located In Falmouth
Prime Location
Ref 2501

Location
This delightful Flooring business is located in the vibrant harbour town of Falmouth which offers a variety of blue chip and niche independent retailers and has benefitted from significant investment in recent years in its commercial and residential infrastructure along with Falmouth University. The business is positioned on the main street in the heart of the town centre and only a short walk from the marina and Maritime Museum. Falmouth has recently been voted as one of the most desirable places to live in the UK.

Asking Price: £79,999 plus SAV

Business Description
Veritas Business Sales are delighted to offer this established Domestic & Commercial Flooring business which is located in Falmouth. The business has been established for 40 years and has been in the careful hands of our client since 2005. Reluctantly the business is being offered for sale so they can enjoy a well deserved retirement. Since ownership they have continually invested in new equipment along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Westwood Frame Carpets is owner operated and employs the help of 2 full time members of staff. For year ending 31st July 2021 they posted a turnover of £278,625 net of vat. They have built a longstanding network of suppliers within the trade and pride themselves on being able to source, supply and install virtually any flooring product.
We believe that there is further potential to increase trade by creating a larger on-line presence along with a more aggressive marketing campaign both of which the current owners are in the process of organising. The business enjoys a strong reputation locally for its high quality products and fitting and as such has a high level of regular local 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 business is not to be missed.

Opening Hours
Monday – Friday – 10.00am – 5.00pm
Saturday –10.00am – 12.30pm
Sunday – closed

Leasehold
Original term: 10 years
Remaining: 8 ½ years
Rent: £17,500 pa
Rates: Zero
Ground Floor
Retail sales floor (3.8m x 10.3m) comprising: various carpet display stands (rotary and fixed), various shelving and window blind displays.
Office (3.7m x 2.1m) comprising: desk, various shelves, 2 computers, 2 monitors, paper shredder, printer (Canon) and 2 chairs.
Storeroom & carpet whipping room (5.2m x 4.0m) comprising: 2 metal shelving units, cutting table, over locking machine and air compressor.
Kitchenette & staff area (3.1m x 2.4m) comprising: settee, armchair, microwave, fridge, work surface, kettle and 2 bookcases.

Floor 1
Kitchenette
Toilet
Landing
Storeroom
Storeroom

Floor 2
Storeroom
Office

EPC Rating E