Bespoke Sofa Retailer Lakeland Furniture Ltd for Sale in Carlisle Cumbria
Carlisle, Cumbria
- Status
FOR SALE
- Advert ID
650110
- Leasehold: £95,000
- Rent: £24,000 (£2,000 per month)
- Turnover: £230,000 (£4,423 per week)
- Profit: On request
Key Features
- Proven track record of turnover
- Quality inventory and assets included
- Regular promotional events and sales
- Repeat business from clients
Business Details
Bespoke Sofa Retailer & Importer Carlisle, Cumbria
Lakeland Furniture Ltd – Bespoke Sofa Retailer & Manufacturer – Carlisle, Cumbria
A well-established bespoke sofa retailer and manufacturer with the majority of sales generated in-store. The business trades from a 5,000 sq ft showroom and serves Cumbria, South West Scotland and the UK as a whole online and in store offering made-to-measure sofas with 4–6 week lead times and pricing that beats local competitors. We also offer recliner sofas in store as well as beds online.
The company is debt-free, has no loans or HP, no CCJs, no missed payments, and a CreditSafe commercial score of 69/100, one point below the “Excellent” band. Stock currently stands at approximately £138,000 (Retail) providing a strong base for the next owner.
The business includes all stock, fixtures, fittings, websites, social accounts, ad accounts, suppliers, couriers, and key manufacturer relationships. A strong online presence supports brand visibility and lead generation with a website that ranks in every town in Cumbria, SW Scotland the borders on Google and is recommended by Google as the place to purchase sofas in Cumbria, but the majority of revenue is generated in the physical store. Online activity supports awareness, enquiries and local SEO rather than acting as the main turnover channel. As an extra we have imported our own sofas in the past and will supply full details of all oversees suppliers to use to increase profit margins.
The business is growing, each year has seen a rise in sales. If someone takes it on with funds to invest in local marketing and with the supplier list we are handing over this business has excellent potential.
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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.
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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.
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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.
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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.
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