Retailer Of Curtains & Soft Furnishing | | Undisclosed Essex | | Retailer of Curtains & Soft Furnishing Ref.AG076 Location Essex Asking Price £ 835,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 23735
ADVERT IMPRESSIONS : 35,229 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Soft Furnishings | | SALE: | Agent Sale | FREEHOLD: | £835000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
This established and successful business retails ready-made curtains, net curtains, blinds and made to measure curtains.
Established in the 1950’s the business retails the most high quality and value for money brands, and provides a complete service for residential and commercial customers requiring an old fashioned quality of customer care.
Since inception this business has earned an impeccable reputation for its large inventory of durable quality curtains and fabrics, knowledgeable, skilled staff, convenient hours and competitive pricing. The Company continues to prosper from the very large local clientele with plenty of regular business being obtained.
The aim of the business is a traditional one, to provide value for money and outstanding quality and service. Flexible and personal advice is offered to all clients. Regular repeat business from the multitude of clients is testimony to the business's unrivalled reputation for quality service.
Customer enquiries are all dealt with on a personal level, giving a friendly atmosphere to the shop, so whether customers want to browse and choose from an excellent stock choice, or need a bit of friendly advice; they always receive a warm welcome.
This business maintains an extensive base of satisfied clients that appreciate the prompt and friendly service. The owner and staff pay great care and attention to the needs of their customers. This customer commitment has gained a unique competitive advantage for the business.
This is a perfect opportunity for a first time buyer wanting to buy an established profitable business ripe for expansion or a company presently in the business that wishes to expand into this location.
The vendor advises us that this is a good lucrative business for someone prepared to put the work in to build on this excellent base and gain the rewards.
Equipment:
Sage is used for accounts, Payroll and stock.
Customer Service:
This Company supplies excellent products and first class customer and after sales service to all clientele. All stock is strictly fire resistant in accordance with the requirements of the Trading Standards Department and customer satisfaction is monitored constantly and carefully.
Key Strengths:
An established company with high recognition, the business is small enough to give that little extra attention to detail yet big enough to cater for everyone’s needs. The shop is situated in a prime central high street location and offers customers first-class quality, affordability and responsive advice.
Well established for many years the owner has created a tremendous standing and presence in the surrounding area, anyone seriously looking for curtains visits this shop, which continues to benefit from sustained growth and success. The business is well respected for its honest and reliable approach, which has created a strong trading base, with many repeat customers and constant new referrals.
Growth and Expansion:
The current market for this business is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.
Key Opportunities:
Using a comprehensive website there is no doubt that turnover and profits could increase using the additional medium. The site could be developed with secure on line ordering facilities, targeting a huge untapped market.
Premises:
The business is situated on a main high street in Essex, with a basement stock area, ground floor shop. The first floor has offices and the second floor has a one bedroom flat. The property is freehold ad is valued at £585,000. A new lease could be made available with the successful purchaser through separate negotiation.
Business Hours:
9.00 am – 5.30 pm Monday - Saturday
Security:
The premises have a fully fitted redcare alarm system.
Advertising and Marketing:
The business has used no advertising or marketing in the past beyond taking advantage of its prime position and reputation and an immense opportunity exists to build on this businesses reputation and implement further and more assertive methods of advertising to expose the business to even greater markets.
Every homeowner or commercial enterprise such as a care home could be targeted as a prospective customer; various methods could be used in this regard including the local press, a direct sales force, leaflets, brochures and direct mail.
A large percentage of new clients derive from recommendations, the business regards existing clients as their best advertisers and has maintained an impressive base of satisfied repeat accounts and clientele, while continuing to attract both new referrals and customers.
The business does not have a web presence and there is no doubt that turnover and profits could increase using this medium. A professionally designed website could allow potential customers to view the extensive range of fabrics and curtains on offer, and give excellent potential to increase the turnover in the future.
Financial profile:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
Annual turnover is circa £339,000 , generating a gross profit of £85,000. The adjusted net profit of the business is £85,000, with a net asset value of £60,000.
Employees:
The business currently employs four full time sales advisors and two part time.
Support and Training:
Full support and training will be provided to the successful purchaser.
Reason for Sale:
The current owner wishes to concentrate on other business interests following the sale of the company. | | | | | | FOR SALE | | | | | REFERENCE: | AG076 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
