CARPET AND FLOORING BUSINESS BUSY PARADE OF SHOPS SOUTHWICK, WEST SUSSEX CURRENTLY NOT TRADING

CARPET AND FLOORING BUSINESS. BUSY PARADE OF SHOPS SOUTHWICK, WEST SUSSEX. CURRENTLY NOT TRADING

The carpet and flooring business is located in a densely populated area of Southwick, and benefits from a high footfall of pedestrians. The business was established in 1987 and has been a family run business since and now only comes to the market due to the vendor’s wish to focus on other business opportunities. They currently offer a full measuring and fitting service for carpets and a wide range of vinyl’s including LVT/Karndean. During this time, they have become highly successful and are very well supported by both the local community and surrounding areas. They have also received exceptional feedback on Google Reviews (4.7*).

THE PREMISES: The property comes to the market in good condition and is equipped to trade. The showroom has display units mounted to the walls as well as central gondolas with further samples displayed. Towards the rear of the premise is a large stockroom and also the office.

At the very rear of the premise is a toilet and kitchenette. There is also a service road which runs at the rear of the premise and is ideal for deliveries. The vendor currently lets a garage separately from the council which is used for storage of stock. The premise is also fitted with CCTV.

TURNOVER:  The business is currently run under management by two part time staff members who work in the office taking orders and carrying out admin. The flooring is then fitted by one of a number of contractors that the vendor regularly works with.  Current hours of opening Monday- Saturday, 9am-3pm. Details of the current weekly turnover are available on request. There would be huge scope to increase the current turnover as an owner operator who could drive sales forward and also ideally someone who can fit and lay the flooring as well. When the current vendor actively worked in the business the weekly turnover was closer to £6,000 per week. PLEASE NOTE: the business has not been trading since January 2024.

GENERAL REMARKS: Secure council lease.  The business is well supported by the local community and nearby towns. Opportunity to expand commercial works. Located in a bustling parade of shops. Valuable fixture and fittings. Excellent reputation and trading history. Easy customer parking available.

TENURE: The premises are held on a full repairing and insuring lease at a current rental of £10,800 per annum. The lease has approximately two and half years left. The lease is fully renewable and has the protection of the 1954 Landlord and Tenant Act.

RATES: The premises receive the benefit of the small business rate relief, therefore rates payable are currently zero. The rateable value for the property is £11,500 per annum. Prospective occupiers should make their own enquiries to verify same.

PRICE: We are instructed to quote for the valuable goodwill, lease, equipment, trade fixtures, fittings and chattels PRICE REDUCTION £25,000 SAV

LEGAL FEES:  Each party to be responsible for their own legal costs.

VIEWING: On no account should any approach be made to the Manager or the staff without a prior appointment through the vendor’s agents, Watkins Commercial, Telephone: 01273 709090. 

ENERGY PERFORMANCE CERTIFICATE:  Our client is in the process of obtaining an EPC.

DISCLAIMER: Neither the Vendor nor the Agent gives or implies any warranty that the premises are fit for any particular use or that they comply with any relevant regulation or statutory requirement.

The agents have not tested any apparatus, equipment, fittings or services so cannot verify that they are in working order.  The buyer is advised to obtain verification from their solicitor or surveyor before proceeding with the purchase.

VAT: All prices and rents are quoted exclusive of VAT.  Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.

MORTGAGE  & FINANCIAL PLANNING:  We shall be pleased to assist any purchaser in arranging finance to acquire this business or any other business you may be considering subject to status. 

Prop. Ref:               6765M

These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract

APPLICANTS CONFIDENTIALITY AGREEMENT

I understand and agree that any information regarding any business supplied to by Watkins Commercial will be kept strictly confidential.  I also undertake that I will:

i)                View businesses registered with Watkins Commercial by appointment only.

ii)               Not contact any owner, staff, suppliers, competitors or customers of any business

                  registered with Watkins Commercial

iii)              Not pass on any information supplied by Watkins Commercial to any third party other than professional advisor et. Bank, solicitor, surveyor accountant, etc.

iv)              Submit any offers direct to Watkins Commercial with whom I will conduct all negotiations

v)               Be liable for any commission which would have been due to Watkins Commercial should I be party to negotiations or actions which seek to preclude, or are contrary to the interest of Watkins Commercial