5* Trustpilot Rated Online Furniture Retailer with £20K Stock For Sale in Hull
Hull, East Riding of Yorkshire
- Status
UNDER OFFER
- Date Submitted:
22/08/23
- Advert ID
518571
- Reference
B07492 / Rightbiz
- Call Agent:
- Asking Price: £9,995
- Turnover: £80,000 (£1,538 Per week)
- Net Profit: £5,000 (7% Profit margin)
Business Details
Reputable Online Furniture Retailer For Sale
BusinessPlease quote reference B07492
CoGoGo are delighted to welcome to the market North East Sofas Direct, a highly rated furniture retailer based in Hull.
The business opportunity was first established by our client in 2021, building up an excellent reputation and a regular client base. As seen by the online ratings and reviews, the business is extremely popular within the region.
North East Sofas Direct has now come to the open market due to our clients other business interests.
The business predominantly sell sofas with armchairs, footstools, garden furniture & interior furniture, but the have a heavy focus on the resale of 2 main high street brands - Habitat & Sofology.
The sales a split with 70% being third party delivery orders and 30% being order managed inhouse.
Majority of sales are derived through the several online platforms – these include their own NE SOFAS DIRECT website, Facebook & eBay.
The business offers payment plans via Klarna & PayPal Credit and boast a 5* rating on Trustpilot.
Key selling points:
- Fully functional website & social media platforms
- 2K worth of Stock included in the selling price
- Excellent supplier agreements in place
- Excellent reputation built on 5 star customer reviews
- Huge potential with a structured business/marketing plan
- Business handover offered
- Increase the number of hours worked within the business
- Increase current advertising spend
- Expand the current range
- Reduce current running costs (ideal bolt on to another similar online supplier)
Location
The business is relocated and is currently ran from a storage unit in Hull.
Premises
There are no premises included in the sale.
Tenure
We are advised that the business is being sold on a Business Only Basis.
Hours
The business trading hours are:
Monday to Sunday - 09:00am to 17:00pm
The business does however operate 24/7 through the online E-Commerce site and social media platforms.
Staff
The business is run part time by the 2 owners.
Financial Profile
We are advised as per the 2024 accounts, the turnover is in the region of £67,000.
Please quote reference B07492
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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