Interior Furnishings Business West Midlands | | Sutton Coldfield West Midlands | | INTERIOR FURNISHINGS BUSINESS - WEST MIDLANDS Advised annual turnover of £189,068 with good GP returns Large loyal customer base with many recommendations | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 60107
ADVERT IMPRESSIONS : 7,852 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Carpet & Flooring | | SALE: | Agent Sale | LEASEHOLD: | £99,950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | INTERIOR FURNISHINGS BUSINESS - WEST MIDLANDS
Advised annual turnover of £189,068 with good GP returns
Large loyal customer base with many recommendations
Ideal trading location in Mere Green in Sutton Coldfield
Established and run by current owners' since 1976
Early interest and viewing is highly recommended
3 bedroom first floor living accommodation
Ideal lifestyle change opportunity
Superbly presented retail shop
Genuine retirement sale
LEASEHOLD
Location
This exceptional leasehold fine furnishings business has an ideal trading location situated in the highly desirable area of Mere Green which is part of Sutton Coldfield in the West Midlands. The property is placed on a busy high street location which also acts as the areas main through road. There is a fine display of neighbouring retailers and commercial style businesses which bring shoppers and visitors to the area throughout the year. The shop also gets a good amount of exposure from being situated on a main access road as there is a mass of passing motorists who drive by on a daily basis. Sutton Coldfield's Mere Green and Four Oaks areas are arguably the most affluent and desirable areas throughout the West Midlands. Sutton Coldfield really does offer the best of both worlds by having a range of beautiful and well kept parks whilst also offering excellent shopping and recreational facilities coupled with easy road and rail access. The neighbouring areas of the business offer beautiful parks, excellent shopping facilities, high quality housing, good schools and hospitals.
Business History
Meridian Business Sales are delighted to offer for sale this exceptional fine furnishings business which was first established by our client in 1976 and he is only now placing it onto the market due to his strong desires for retirement. The business which has been run and managed by our client achieves a very respectable advised annual turnover of £189,068 which is derived from selling a fantastic range of handmade curtains, luxurious wall papers, fine carpets, made to measure blinds, solid floorings and associated goods. Our client is very generously including all fixtures and fittings and trade book into the sale price which is a huge plus for a new owner as additional funds will not need to be spent for the foreseeable future. The business holds accounts with many highly desirable branded suppliers which are simply impossible to establish trade agreements with without a trading reputation and solid history. The property also has three bedroom first floor private living accommodation which is ideal for a new owner who doesn't currently reside within a commutable distance. This is an exceptional business opportunity for an individual or couple who is looking for a well established business situated in arguably one of the West Midlands most desirable areas. We would like to urge very early interest in this opportunity as businesses of this calibre rarely appear onto the market.
Financial Profile
Turnover: £189,068pa
Estimated turnover (2011): £300,000
Stock approximately: £8,000
Gross profit: 39%
Tenure
Leasehold
New lease to be negotiated
Lease length flexable
Rent: £14,000pa
Opening Hours
Monday - Wednesday: 9:00am - 5:00pm
Thursday: 9:00am - 12:30pm
Friday: 9:00am - 5:00pm
Saturday: 9:00am - 4:00pm
Sunday: Closed
Accommodation
Exceptionally well presented highly visible unit briefly comprising:
Ground Floor - Secure entrance leading to open plan retail space with exceptionally well presented displays and hangings, book display shelving and racking, several free standing displays, pole and fixing displays, curtain and blind displays plus rear additional display area.
Office/consultation area with seating, desks and chairs for 2, computer systems, phones and paperwork storage, consultation sofa/customer seating, additional displays and hangings, carpet display area and rear storage area with racking and shelving.
First Floor - Previous living accommodation, currently used for storage and work space
Bedroom 1 - Double
Bedroom 2 - Double
Bedroom 3 - Single
Kitchen, living room, dining room and bathroom with toilet, bath and wash basin.
External - Rear parking 3+ vehicles (owner and customer) | | | | | | FOR SALE | | | | | REFERENCE: | 2561 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
