Furniture Retailer In London Etsblished For 30 Years Making £60,000 Pa Profit | | Southwark London | | Retail Furniture Store - East London - Leasehold - Turnover approx £572,000 per annum. This thriving furniture retail business is ideally located in Market Square, Poplar, amongst a range of complementary shops and businesses. A busy market also takes place here 6 times a week, which generates a vast amount of trade. The market square lies in the heart of a densely populated residential area just to the east of the City of London. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 31882
ADVERT IMPRESSIONS : 9,346 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Home Accessories & Furniture Shops | | SALE: | Agent Sale | LEASEHOLD: | £150000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | A well established and profitable concern, which has been in our client's hands since 2003 and is only now offered for sale as a move towards retirement . J Miller Furniture Store trades with a large range of quality, affordable furniture with stock ranging from beds to sofas. Run primarily by our client, the business achieves a healthy turnover in the region of £11,000 per week, with a gross profit of approximately 30%. The business enjoys an excellent reputation and a high level of repeat custom. We feel that there are a number of ways to increase turnover, for example, by extending the opening hours or establishing a website. This opportunity, offers an excellent base for a new owner to build upon and early viewing is strongly recommended.
This thriving furniture retail business is ideally located in Market Square, Poplar, amongst a range of complementary shops and businesses. A busy market also takes place here 6 times a week, which generates a vast amount of trade. The market square lies in the heart of a densely populated residential area just to the east of the City of London. There are fantastic transport links including a number of tube and bus services. It also benefits from the widely used Blackwall Tunnel and is just to the north of the A13; this has a huge effect on the businesss as it is the main road leading directly into the heart of the city from the east of England. Due to the plot being set over four retail units J. Millers has a huge visual presence in the square helping to generate even more custom.
FINANCIAL PROFILE - W/T: £11,000 (approx.)
GP: 30%.
OPENING HOURS - Mon - Sat: 9.00am - 6.00pm.
Sun: Closed.
PROPERTY DETAILS - Ground floor premises, incorporating four retail units on a large open plan. Briefly comprising:
GROUND FLOOR - Large, open-plan retail space with
extensive furniture displays.
Retail counter with cash register and credit
card machine.
2 large, fully utilised store rooms.
2 W/Cs with wash hand basins
Rear access.
TENURE - Leasehold.
Original length: 15 years.
Review every: 5 years,
Rent:Advised as £28,000 per annum. correct as at July 09 | | | | | | FOR SALE | | | | | REFERENCE: | 1269 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
