Established Trendy Furniture & Giftware Store In Essex For Sale

Southend Area, Essex
Price: £ 50,000
Seller Reference: SRM20125
Asking Price: £50,000
Net Profit: £50,000
Sales Revenue: £350,000
Number of Staff: 5
Established For: 21  Years  0  Months
Ownership: Freehold

Business Summary

Established over 20 years ago, the business started from a single unit selling handmade furniture. Over the years it has grown to 5 shop fronts in a row, and is a landmark shop and business in the area.

Developing the business as a home for stylish families seeking anything from Crystal Chandeliers to bunk beds, to painted furniture and hand blown glass vases, has caught the attention of home-makers from London to Norfolk and we have delivered to many of them.

Our Turnover has been consistently stable at around 350K even during the hard recessionary times, we have remained profitable, and operate with a loyal and experienced staff of 5 full/part time staff. (plus drivers at weekends)

We are either selling the Freehold or creating a new lease so the buyer will only spend what they need to for Stock and goodwill we have generated over 20 years.

We are computerised with an EPOS system which controls the stock, and SAGE which handles the ledgers and the payroll. We have accountants who would carry on if required.

The business has a Mercedes Sprinter Box Van, which recently had a new engine and a Cherokee Jeep. (personalised plate)

This is an urgent and confidential sale as the owner has already relocated to Australia, and the business needs new leadership. All the existing staff would stay if required, but for an owner operator significant savings can be made.

Three years accounts are available, including 2012 forecasts.

There is huge upside in the unexploited internet and customers ask daily where they can buy our products on line. We also sell Yankee Candle in a very large way, and have even taken Christmas Kiosks in large local shopping centres to sell the giftware and Yankee Candle products.

Established over 20 years this amazing store has a reputation for style, value and service. Wide range of furniture and extraordinary gifts have allowed us to be profitable and keep up as a trend setter. The owner has relocated to Australia leaving a great team, and a solid business, and creating a ...

Property Infomation

  Property: Freehold
  Lease Terms: 10 years FRI inside the Act
  Current Rent: Can be new lease at market rental
  Living Accommodation: No
  Location: Excellent large unit comprising 3 stores owned as freehold, and 2 stores leased for 5 years (ending August 2012) Leased premised can be extended for further 5 years. Total High Street Frontage around 70 feet. Inside around 2300 square feet including storage, despatch area. with OSP, and car park across the road. The Three flats on the 1st floor sold on long leases producing around 1000 per annum