Leasehold Retail Flooring Business Located In Truro

Leasehold Retail Flooring Business Located In Truro Cornwall
Prominent Town Centre Position
Established For Over 40 Years
Over 100 5 Star Google Reviews
Ref: 3181

Asking Price £19,950 plus SAV (£10,000)

Location
This established Retail Flooring Business is located in Truro city centre. Situated within a prominent and highly visible trading position close to the Theatre, Cathedral and shopper's car parks. Truro is the retail hub of the county boasting a string of large blue chip and niche independent retailers along with an array of bars and restaurants.

Business Description
Veritas Business Sales are delighted to offer this established Domestic & Contract Flooring Business which is located in the Cornish City of Truro. The business was established by our client over 40 years and they relocated to the current premises 4 years ago. Reluctantly the business is being offered for sale so they can enjoy a well-deserved retirement. Since ownership they have continually invested in 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. Wear House Flooring is owner operated with the help of 1 part time member of staff and various self-employed fitters. For the year ending 30th June 2025, they posted a turnover of £325,311.38 net of vat with a GP of (36%) 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. Wear-House is one of very few carpet & flooring retailers in Truro's commercial centre. They are also very experienced in curtains and blinds. The owner is offering support-full handover assistance.
We believe that there is further potential to increase trade by creating a larger online presence along with a more aggressive marketing campaign. 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 with over 40 years of goodwill which is a great base to build upon and as such early viewing is highly recommended.

Opening Times
Tuesday - Friday - 09:00 - 17:00
Saturday - 10.45 - 16:00
Sunday & Monday - closed

Leasehold
New 5-year lease to be granted
Rent: £10,500 pa
Reviewed: 3 yearly
Business rates: zero

Ground Floor
Sales & retail area (12.1m x 4.1m) comprising: various bespoke built in retail display stands for carpets, curtains, wooden flooring & blinds, desk, chair, computer, 2 seater settee, desk, chair, computer, printer, oak sideboard, wall mounted mirror.

First Floor
Sales & retail showroom (7.8m x 4.6m) comprising: various bespoke display stands for wooden flooring, carpets, blinds & curtains, fee standing retail display stand with light box and various shelves.
Office (2.8 x 2.4m) with table, 2 chairs, 2 drawer cupboard, 2 drawer cupboard, various shelves.
Kitchenette (1.5m x 2.6m) with kitchen floor cupboards, tabletop fridge (Ambiano), various shelves, toaster and microwave.
Toilet (1.4m x 1.4m) with W/C, wash basin and mirror.

EPC Rating C