Fabrics And Bedlinen Retailer In Norfolk | | Gorleston Norfolk | | Soft Furnishings & Bedlinen Retailer Great Yarmouth Norfolk T/O: £312,000 GP: 43% Large prominent premises Approx. 6,000 sq ft Town centre location Well established | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 57869
ADVERT IMPRESSIONS : 8,301 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Cloths & Fabric Shops | | SALE: | Agent Sale | FREEHOLD: | £500,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Discount Fabrics and Bedlinen occupies one of the largest buildings in the area on a prominent corner trading location on the High Street in Gorleston, Great Yarmouth. The business benefits from much passing traffic and a large public car park to the side. The business is surrounded by many complementary shops and businesses and enjoys a high footfall. There is a bus stop across the road and a taxi rank to the side of the building. Gorleston is a popular residential town adjacent to Great Yarmouth, separated by the River Yare. The town boasts a popular beach which regularly receives Blue Flag status and retains much of its Edwardian Charm. The area is easily accessible via the A12 and the A47.
Business History
Preferred Commercial is delighted to offer for sale this popular soft furnishings, bedding and curtains business, which was established in 1985 and has been in our clients' careful hands since 2004. The business is only now being placed on the market due to our clients' wish to retire. The business generates a turnover in the region of £312,000 per annum with a gross profit of 43% derived from the sale of curtains, nets, bedding, and soft furnishings along with wallpapers, haberdashery and lighting, at discount prices. A new owner could increase turnover by perhaps, employing someone to carry out alterations and manufacture, which is currently outsourced. There is also potential to introduce a website to promote the business. The business occupies a spacious and well maintained property in a prime location and benefits from an enviable reputation and much repeat trade. We are advised that a new advanced security system has been installed which can be controlled and monitored via the internet from anywhere in the world. We feel this represents an ideal opportunity to acquire a thriving and profitable business with scope for future growth. Early discussions with Preferred Commercial must come highly recommended.
Financial Details
T/O: £312,000 approx.
GP: 43%
Opening Hours
Mon - Sat: 9.00am - 5.00pm
Sun: Closed
Accommodation Details
Spacious premised extending to approximately 6,000 sq ft over 2 floors, in a prominent town centre location. Briefly comprising:
Ground Floor
• Main sales and display area of approximately 3,000 sq ft, fitted to suit trade with 7 display windows, central aisle displaying wool, bedding, cushions, ready-made curtains and haberdashery, large net curtain section to the rear of the shop, cutting desks and display area, serving counter with 2 cash registers
• Stairs to first floor sales area
First Floor
• Second sales area with lighting display on 5 x large wooden stands, wallpaper racks, curtain racks and displays, display of curtain poles and fittings, racking and shelving to perimeter walls, retail counter and cutting table
• Store room with racking and shelving to suit
• Staff kitchen
• Staff WC with wash basin
• Office
External
• Prominent street frontage to 2 sides
• Public car park next to the premises
Tenure
Advised freehold | | | | | | FOR SALE | | | | | REFERENCE: | 2159 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
