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New Road,Okehampton,EX20

£899,995

Property Description

Full description

Tenure: Freehold

CARPET/FLOORING BUSINESS WITH RESIDENTIAL LETS - DEVON
Early viewing is essential to fully appreciate
Situated in the bustling town of Okehampton
High amount of regular & repeat trade
Advised annual turnover of 250,000
Two 3 bedroom self contained flats
Scope for further development
Ideal partnership opportunity
Genuine reason for sale
FREEHOLD


Location

The business is situated on a main through road in Okehampton and is conveniently situated within the town centre, which has a modern Waitrose supermarket, Simmons Park, Okehampton Golf Club, Okehampton mainline station and the northern edge of Dartmoor. Churches of all denominations are also within easy reach, as are Okehampton Primary School and Okehampton College. Okehampton is approximately 23 miles west of the cathedral city of Exeter and approximately 30 miles north of the city of Plymouth. Both have an excellent range of amenities and Exeter has an international airport. At Exeter the M5 gives excellent motorway access to the rest of the UK. Mainline trains from Exeter St David's operate a frequent service to London Paddington. Okehampton also lies approximately equidistant between the north and south Devon coasts and, via the A30 heading west, there is easy access to Cornwall.


Business History

Meridian Business Sales which was established by our clients in 1995 and has been in the careful hands of our clients since 1995. Our clients are reluctantly offering the business to the market due to a desire to take well deserved retirement. Since the business was established they have continually developed and improved the business, introducing new lines and income streams which has enhanced the business massively and in particular shows in the year on year increase in turnover and profitability. Our clients inform us that annual turnover currently runs at 250,000 which is derived from the sale and installation of a wide range of flooring such as carpet, laminate, vinyl and other associated products. The business enjoys a strong reputation within the local community and as such has a high level of regular and repeat 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 superb business is not to be missed.


Financial Profile

Turnover: 250,000pa
Gross profit: 78,974pa
Stock approximately: 20,000


Tenure

We are advised freehold


Opening Hours

Monday: 9:00am - 5:00pm
Tuesday: 9:00am - 5:00pm
Wednesday: 9:00am - 5:00pm
Thursday: 9:00am - 5:00pm
Friday: 9:00am - 5:00pm
Saturday: 9:00am - 5:00pm
Sunday: Closed


Accommodation

Large character property, briefly comprising:

GROUND FLOOR
Secure entrance leading to:

Open plan store

Serving/payment counter

2x large showrooms

Ample displays

Staff room/kitchen

Office

Store room

Flat One - Situated over 1st & 2nd floor
3x bedrooms
Fully fitted kitchen
Lounge
Bathroom
Dining room

Flat Two - Situated over 1st & 2nd floor
3x bedrooms
Fully fitted kitchen
Lounge
Bathroom
Dining room

EXTERNAL
Yard and parking facilities

Nearest stations

  • Okehampton (0.5 mi)
  • Sampford Courtenay (3.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Okehampton (0.5 mi)
  • Sampford Courtenay (3.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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