Established Flooring Business In Kent Coastal Town For Sale

Business Description

LOCATION
Details to be provided to serious applicants only

BUSINESS
The business is very well established, having been in the present hands for 28 years and is now only being marketed as a result of the Directors wish to retire. Tremendous potential exist for the introduction of more commercial and contract work which should increase turnover by a further £400,000 P.A.

TURNOVER
Accounts for the year end October 2023 show a turnover of £1,022,734. (Full accounts are available to serious parties)

STAFF
2 Directors plus Staff (Full details available on request)

HOURS
Monday to Saturday 9.00am to 5.00pm

PREMISES
Mid parade premises with attractive frontage and single entrance to: Retail/showroom Area: 217 SQM (2336 sqft) Office Area: Kitchenette: Staff W.C.
Note: The company currently rents a 100 SQM storage warehouse under separate tenure with a Rent of £9,000 P.A. Business rates of £2,829.33 P.A. and Service charge of £1250 P.A.

TENURE
A new lease on the shop will be granted to an incoming Tenant RENT £25,000 P.A. (5 Year reviews)

EPC RATING
TBC

BUSINESS RATES
£2,226.79 P.A. (23/24) Payable

Property Information

Property:

Leasehold

Premises details:

Mid parade premises with attractive frontage and single entrance to: Retail/showroom Area: 217 SQM (2336 sqft) Office Area: Kitchenette: Staff W.C. <br>Note: The company currently rents a 100 SQM storage warehouse under separate tenure with a Rent of &pound;9,000 P.A. Business rates of &pound;2,829.33 P.A. and Service charge of &pound;1250 P.A.

Business Operation

Trading hours:

Monday to Saturday 9.00am to 5.00pm

Other Information

Furniture / Fixtures value:

Undisclosed

Inventory / Stock value:

Undisclosed