| Furniture Shop (Oak & Pine) |
| |
| B4S Reference: |
23020 |
| Asking Price: |
£150,000
|
| Net Profit: |
|
| Sales Revenue: |
|
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Undisclosed, Warwickshire, United Kingdom |
| |
Advent Business Sales are pleased to have been instructed to offer for sale this delightful and extremely profitable furniture retailer.
Established 10 years ago by the current vendor, it is now been reluctantly offered for sale due to the vendor’s retirement plans.
The business specialises in Distressed, Traditional & Contemporary Oak and Pine furniture.
Our client offers a measuring service to ensure correct fitting of furniture.
Delivery to all UK addresses is also being offered.
The products can be purchased from the showroom or alternatively can be ordered specifically from suppliers.
A good proportion of enquires and orders also come from the clients website.
The present customer base offers approximately 20-30% of ongoing business.
In addition to the showroom, there are 3 further floors which are currently being used for storage.
The business is currently run by the vendor on a full time basis with 3 full time staff.
The business benefits from local advertising; however a high percentage of sales come through recommendations and referrals.
We have been advised by the vendor that the current stock holding is in the region of £50,000.
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
|
| |
Property: |
Leasehold |
| |
| |
Lease Terms: |
Leasehold
Original lease: 10 years
Remaining lease: 3 Years
Review every: 5 Years
Rent: £36,000
We are advised that the annual business rates are currently: £10,880 pa
|
| |
| |
Living Accommodation: |
Yes |
| |
| |
Details of Accommodation: |
A modern 4 storey Corner plot with double glazing, alarm and CCTV, consists of the following:
Ground Floor
 1700 Sq Ft Showroom
 Stairwell to the side which accesses all floors
 Fire escape which leads onto the main road.
 Goods lift to all floors
First Floor
 1300 Sq Ft Storage Area
 W/C
 Stairwell & lift
Basement
 900 Sq Ft Storage Space
Fourth Floor
 900 Sq Ft storage area
 Stairwell & Lift
The second and third floors are occupied by other businesses which are not accessible via the lifts or staircase.
External
 Customer Pick up point
 Loading bay
|
| |
| |
Location: |
The business is ideally located in Coventry City Centre.
The city itself is currently undergoing a redevelopment programme which will raise its profile and make it competitive amongst other major cities within the UK.
The city can be accessed by the M6, M40 and M69 as well as major A roads which all have good links to the surrounding cities such as Leicester, Birmingham and London.
The business occupies a very prominent corner position surrounded by complementary businesses. There is ample paying parking within close proximity. The premises itself has owners car parking
|
| |
Although already an established and profitable business there is further scope to increase sales by converting part of the first floor to retail sales displaying additional room settings or alternatively, increasing the product range to include soft furnishings. |
| |
Is this a home-based business? |
No |
| |
Can this business be relocated? |
No |
| |
Is this business part of a franchise? |
No |
| |
Mon – Fri: 9.30am – 5.30pm
Sat: 9.00am – 5.00pm
Sun: 11.00am – 4.00pm
|
|
|
