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Retail Property (high street) for sale

Coychurch Road,Pencoed,CF35

68 sq. m. | £144,950

Property Description

Commercial information

  • Business for sale
  • 731 sq ft (68 sq m)

Key features

  • REF: 2290

Full description

Tenure: Freehold

Topline Carpets & Flooring is located in the town of Pencoed on the outskirts of the larger town of Bridgend, Mid Glamorgan.

Situated on one of the town's main roads, the business has great footfall from the nearby train station and passing motorist. The business is also located close by to a petrol station and a Tesco extra, the M4 motorway is a short 2 minute's drive away from the premesis.

Pencoed is a town in the county borough of Bridgend, mid-way between Wales's two largest cities of Cardiff and Swansea, it has a population of around 12,000. The business is located around 18-mile west of the capital Cardiff and 20-mile east of Swansea.

Bridgend has greatly expanded in size since the early 1980s, the 2011 census reports that the Bridgend Local Authority had a population of 139,200 up from 128,700 in 2001. This 8.2% rise was the largest rise in Wales except for Cardiff. The town is undergoing a redevelopment project, with the town centre pedestrianised and a new business park opened.

Hilton Smythe is delighted to welcome to the market this well-established carpet and flooring business. The business was established in 1988 by our client. The business is only now being offered to the market due to our clients` desire to take a well-deserved retirement. The business is open 5 days a week and generates a turnover in the region of 130,000 per annum with a gross profit of approximately 35%.

Topline Carpets & Flooring is a well-established carpet and flooring retailer and fitter, the business has a loyal customer base with a lot of repeat trade and word of mouth referrals. The business has a wide range of flooring including carpets, wooden flooring, laminate flooring and vinyl in different styles and colours. brands include New world, Tarket, Hugh McKean and Cavalier. Our client is also a retail partner for cavalier insurance with a 20 mile radius.

The one bedroom flat above the business is currently rented out to a sitting tenant for 5000 per annum, the flat is finished to a good standard. Recently a new boiler was fitted and in the last 5 years the property has had a new roof, double glazing, central heating and rockwool insulation.

Currently the business has no advertising or marketing, we feel the turnover would benefit greatly if advertising and marketing were used. Expanding opening hours would also increase turnover. The business already has a great website in place, the website has online ordering facilities and advice and information and more,

This is an excellent opportunity for a new owner to take this thriving business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

Single fronted terraced premises, briefly summarising:-

Ground floor:
The ground floor consist of an open plan sales area with carpeted flooring. The area has shelving and display units to the perimeter walls to suit the trade.
Various carpet sample displays and wooden flooring samples are also in use.

To the rear of the sales area are toilet facilities and 2 offices.

First floor:
The first floor has a self-contained 1 bedroom flat which is decorated to a good standard.
The flat currently has a sitting tenant for 24 months.

There is a large rear yard with a 25x18ft storage unit with electric doors.
The storage unit has storage racks.

We are advised freehold.

The business is open:

Monday - Friday: 9am till 5pm
Saturday: 9am till 2pm

The business is owner run and managed with the assistance of 1 team of 2 fitters.

We are advised the business generates a turnover in the region of 130,000 per annum and a gross profit of approximately 35%.

Map & Street View

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