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BUSINESS REFERENCE : IK78 / RightBiz PROMINENTLY LOCATED DISCOUNT FURNITURE RETAILER | | | | | | Well established, Profitable and Prominently Located Discount Furniture Retailer Confidentiality offered for sale Ref. no: IK78 Location: South Wales Asking Price :£120,000 Includes circa £40,000 Stock Sales of circa £350,000 per annum | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Home Accessories & Furniture Shops | | SALE: | Agent Sale | LEASEHOLD: | £120000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This business was founded in 1995 by the Vendor with a generous combination of innovative insight and entrepreneurial spirit and has grown from early days in the sale of used furniture to become a significant enterprise with a reputation for the quality and variety of its products, service and reliability at very popular discount prices.
The business enjoys a prime location with more than ample parking in one of the most busy retail areas in South Wales.
The welcoming, comfortable and extensive warehouse showroom displays on two floors, of approximately 3,000 square feet and is situated on a very busy industrial estate and as a corner site enjoys significant passing trade.
The furniture is displayed with sofas and three piece suites in Leather on the ground floor and complementary furniture products such as bedroom furniture, side tables & drawers on the first floor mezzanine; at the front of the property is parking for approximately 20 cars.
The business is further supported by strong supplier relations and purchasing agreements that help to ensure that client service, product quality and value for money is never compromised and that customers receive the best possible discounts on Leather furniture in the area, leading to the existing high levels of return custom and can be retained by any new owner.
The business has invested to a suitable degree in technology and has an up to date electronic point of sale (EPOS) system. The business also benefits from a very small requirement for customer credit and essentially trades with payment required on delivery.
The business is an excellent opportunity for any investor seeking an opportunity to invest in a successful business that has a proven success record and would suit particularly an enthusiastic owner manager.
Customer Service
The business considers simply that happy customers come back and on that simple basis has maintained levels of product and service quality intended to best guarantee that happiness. The results of this commitment are evident in the degree of return custom and the choice of this business by new customers over competitors.
Key strengths
The business is well established and very profitable, with a strong and growing customer base, retaining a high level of return custom; a great many of whom having done so on a regular basis and for many years.
The company has earned an outstanding reputation for its honesty, service, reliability, casual and open customer experience, excellent quality products and highly knowledgeable and experienced staff.
All of which is underpinned by control of overheads and the scale of discount available on competitors comparative products and a clear competitive advantage.
Growth and Expansion
The current market for this business’s products 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
This is an outstanding opportunity to build on the existing business levels and customer base of this company. With a strong demand for this business’s products, combined with a capacity to increase turnover, a new owner contributing fresh ideas will have every advantage of building on an excellent platform.
Technology
The business has invested to a suitable degree in technology and has an up to date electronic point of sale (EPOS) system. The business also benefits from a very small requirement for customer credit and essentially trades with payment required on delivery.
Advertising and marketing
The business has used advertising in the past and there are excellent opportunities to increase this and to introduce an internet presence to market the business more aggressively and to significantly increase turnover.
A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation.
Employees
The business employs 1 managerial full time staff member and 1 part time staff, who together with the vendor are responsible for the day to day operations.
Reason for sale
The business is for sale as a result of the vendor’s wish to follow other areas of interest.
Premises
The business is located in an easily accessible area in South Wales and operates from a circa 3,000 square feet area including warehouse showroom, office and facilities, the current renewable property lease is currently under negotiation.
Financial Information
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.
The business is financially stable with no borrowings, low overheads, positive cash flow, high gross and high net profit and has shown consistent growth over 10 years of trading.
Sales revenue is circa £350,000 per annum and the vendor feels that with investment in marketing and the expected increase in market demand the business could dramatically increase its revenues.
Support and training
The current owner will provide all necessary training and all relevant contacts to allow continuity of trading. | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | IK78 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
