£49,950
Retail premises for saleNew Bridge Street, Truro TR1
About this property
Leasehold Retail Flooring Business
Established Over 40 Years
Leasehold Retail Flooring Business
Prime Town Centre Trading Position
Great Reputation
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 £49,950 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
Prominent Town Centre Position
Established For Over 40 Years
Over 100 5 Star Google Reviews
Ref: 3181
Asking Price £49,950 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
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Monthly repayment
£249 per month
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