Living Room Furniture Warehouse Half Price Suites (worle) Ltd | | Devizes Wiltshire | | Living Room Furniture Warehouse Half Price Suites (Worle) Ltd Ref.IK237 Location Devizes, Wiltshire Asking Price £150,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 46118
ADVERT IMPRESSIONS : 10,186 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Home Accessories & Furniture Shops | | SALE: | Agent Sale | LEASEHOLD: | £150000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
This is a great opportunity to acquire one of the leading suppliers of lounge suites and armchairs in Wiltshire.
This outlet has been retailing furniture since 1985 and was acquired by the present director in 2003. It is extremely well known in the locality with an excellent reputation for price and quality. The present director bought the business in 1993 and has always adopted a very “hands on” approach to running his company. The extensive showroom can comfortably display around seventy suites and armchairs.
Because this large selection is available to view under one roof customers travel from all the major towns and villages within a thirty mile radius to purchase their lounge furniture. These suites are supplied by a number of quality UK manufacturers that include LPK, Kevin France, Buoyant. The operation also sources some items from Italy and the Far East.
The business is presently selling about twenty six suites a month with an average invoice value of one thousand one hundred pounds. Many of these orders can be fulfilled from stock items with delivery taking place within twenty four to forty eight hours. Stock control is a manual process with deliveries taking place every week.
Key Strengths:
Well established with an excellent reputation
Huge catchment area.
Database of every customer for the last thirteen years
Key Opportunities:
There is a large supermarket scheduled to be built in the immediate vicinity that will have a dramatic and positive effect on passing traffic and therefore the footfall that will come through the showroom.
The business could also benefit from adding lights and soft furnishings to its sale items which would add a new dimension to its revenue.
A well optimised website with a shopping cart could be of benefit and would certainly provide additional revenue from the sale of smaller items.
Premises:
The premises are located on a small semi rural industrial site. There is ample parking immediately outside the showroom for customer’s convenience. The building itself is double fronted and glazed allowing for plenty of natural light inside to view the stock. The total floor area is circa 3,400 square feet and the premises are subject to a rolling lease at an annual fee of £15,600. This lease can be re-negotiated as part of the sale process.
Advertising and Marketing:
The company advertises in local papers and magazines including Wiltshire life.
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.
The turnover is presently in the region of £210,000 per annum with gross margins being circa 40%. Net profits are circa £32,000.
Employees:
The business is ideal for a partnership or husband and wife team. It is presently run by the managing director and one part time assistant.
Reason for Sale:
The driving force of this business has been involved in the retail furniture trade for over twenty years and has built up a highly successful operation. He now feels that he would like to pass the business on to the next generation of owners who will have new energy and ideas to grow the business yet again. A full handover will be available for a period to be agreed as part of the negotiation process. | | | | | | FOR SALE | | | | | REFERENCE: | IK237 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
