F/h Furniture Retail F/h £309,000 Staffordshire | | Undisclosed Staffordshire | | STAFFORDSHIRE F/H FURNITURE SHOP -Est 32 yrs Busy town location Wide range of furniture aimed at middle market A/T: £132,000 GP: £53,900 Scope to open sundays and convert 1st floor to flats F/H: £309,000 +SAV REF: 9311ST | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 35659
ADVERT IMPRESSIONS : 26,616 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Home Accessories & Furniture Shops | | SALE: | Agent Sale | FREEHOLD: | £309000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
Our clients retail furniture shop is conveniently located at the heart of a busy, thriving town in Staffordshire. It is well known locally and has been trading for many years.
It is the major retail shop in the area for the goods on offer and is situated close to a local car park. The town is close to the very busy A500 dual carriage way, which links in to the M6 at Junction 16.
THE BUSINESS:
Advent Business Sales are pleased to offer to the market this extremely well established retail furniture shop, which has been trading successfully for the past 32 years.
The current vendors have been in ownership for the last 23 years, having taken over from their father who founded the business.
They are now reluctantly selling due to retirement plans.
Our clients have achieved an enviable local reputation and sales are derived from repeat local customers.
The shop has always aimed for the middle market and much of its success has built because of this.
It offers a wide range of goods including:
Upholstered suites from MS upholstery, Emerald and Rainbow
Beds and bedroom furniture from Kozee Sleep, Premier, Silent Night and Burleigh, Harrisons, Welcome, Glen Eagles and SJ Units
Dining room furniture and cupboards from Caxton
The business has its own signed van for deliveries and is fully alarmed.
Net profits have been consistent for they last few years and have held up well during the recent recession.
The business is staffed by the 2 owners full time and 1 part time employee as required.
We are advised that stock at cost is approximately £23,000.
REF: 9311ST
TRADING HOURS:
Mon Wed,. Fri & Sat-: 10.00am 5.00pm
Thurs & Sun Closed:
EXPANSION POTENTIAL:
There are good ongoing potential to a business with an excellent reputation such as this. For example, Sunday opening, flyer drops to the surrounding area to raise the profile. A further possibility would be to condense the business to the ground floor and the upstairs could be turned into flats to rent out.
FINANCIAL INFORMATION:
We have been advised by the vendor of the following:
Annual sales: £132,051
Gross Profit: £53,975
Accounts will be made available to interested parties after a viewing has taken place.
Please let us know if you require finance for the purchase of a business.
BUSINESS PREMISES:
The property is a 2 storey end terrace building with 2 double fronted shops adjoined at the back of the building and briefly consists of:
Ground Floor
Two customer entrances, one at the centre and one at the right hand side
The windows are large and deep giving maximum light into the shop and for display
Large showroom to the left at the rear of this is an opening into the right hand shop with stairway to upstairs space
The right hand shop is large and well lit, displaying mainly suites and dining room furniture and has its own front entrance
Downstairs there is also 2 rear storage areas
Delivery bay on side of building
Office area
First Floor
4 main sales areas for beds
Office
Staffroom
w/c
further storage room
External
The building is paved on 2 sides to the roadway
TENURE: Freehold
We are advised that the annual business rates are currently: £3,200
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).
| | | | | | FOR SALE | | | | | REFERENCE: | 9311ST / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
