Supplier Of Quality Fitted Bedroom, Office And Lounge Furniture | | Undisclosed Kent | | Supplier of Quality Fitted Bedroom, Office and Lounge Furniture Confidentially offered for sale Ref No: IK228 Location: Kent Leasehold Asking price: £110,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 42057
ADVERT IMPRESSIONS : 74,099 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Home Accessories & Furniture Shops | | SALE: | Agent Sale | LEASEHOLD: | £110000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This business was established in 1970 and supplies an extensive range of quality furniture for bedrooms, home offices and living areas. The business has deservedly achieved an excellent reputation for both the quality of product and indeed for a first class design and fitting service.
Located in an affluent, leafy suburb, the business has prospered even in recent times. As opposed to larger competitors who offer a narrow range of options in terms of suppliers, this business has developed strong and long standing relationships with several manufacturers. Hundreds of product lines are available along with custom handcrafted designs, resulting in a range to suit every taste, budget and space. In fact the owners are confident that they are able to source one of the largest range of products anywhere in the South East.
Experience is a key factor in the success of this business. The current owner is a very experienced designer and he employs a trained and reliable team of fitters and an after sales team that is second to none. With expertise at every step of the process, this independent retailer has been able to see off larger competitors who simply cannot compete on product or service.
Customer Service:
The business prides itself on the personal service it provides, which is another key ingredient in the success of the business. By ensuring that new clients are given as much attention as they require, the business is able to minimize any operational problems and ensures customer satisfaction.
The honest approach is popular with new and existing customers alike. Every new order is important and with the vast majority of business being returning customers and new referrals this is testimony to the high levels of customer service that the business achieves.
Key Strengths:
The business is well established and profitable. The personal service that the business delivers ensures that the reputation of the business is as positive now as it has ever been. The highly experienced team offers design and fitting skills that have proven extremely popular with clients, whoc are able to see their dreams turn into reality. A high percentage of customers in the affluent area covered by this company regard quality as important as price, and for equal quality products this company are highly competitive. The business is able to balance these two priorities very successfully.
Employees:
The business employs two part time staff. Fitters are contracted when required on a self-employed basis.
Growth and Expansion:
There is an option to move into the very lucrative kitchen sector. The owner believes this would offer highly significant growth. Another option would be to supply carpets or fabrics. Diversifying into these additional areas would strengthen the business even more and a one-stop shop strategy is something that should be seriously considered.
Advertising and Marketing:
The business advertises in the local press. Lifestyle magazines are also utilized. Campaigns in both deliver a goods return on the investment.
Premises:
The premises comprise of a large showroom with glazed window for display and incoporate and office area. To the rear of the property there is an additional room, which currently provides storage space. The first floor of the building consists of a two bed apartment providing living accommodation that is currently sub-let and re-decorated.
The property is offered on a leasehold basis. Annual rent is £23,000.
Business Hours:
Monday-Saturday. 10:00 am -17:00 pm
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.
Turnover to year ending July 2010 circa £269,000, Gross Profit circa £143,000
Stock circa £25,000. Cashflow is a big positive. Current margins are very healthy.
Reason for Sale:
The business is on the market because the current owner is looking to relocate to another part of the country for family reasons.
Support and Training:
The owner is happy to offer a full handover and training if required to ensure continuity of trading.
| | | | | | FOR SALE | | | | | REFERENCE: | IK228 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
