Modern Furniture Retailer in London – Where Style Finds a Home
Tottenham, London
- Status
FOR SALE
- Advert ID
652052
- Reference
B09647 / Rightbiz
- Call Agent:
- Leasehold: £109,999
- Turnover: £300,000 (£5,769 per week)
- Profit: £144,000 (48% Profit margin)
Business Details
Where Style Finds a Home – Modern Furniture Retailer
BusinessPlease quote reference B09647
CoGoGo is delighted to bring to the market a modern and stylish furniture retailer offering a wide range of contemporary home furnishings.
This exciting business has built a strong reputation for quality furniture, exceptional customer service, and stylish product collections that appeal to a broad customer base.
Operating from an attractive London showroom and supported by a professional e-commerce platform, the business benefits from both in-store and online sales. An active presence across social media channels further enhances brand visibility and customer engagement.
The business presents an excellent opportunity for a new owner to build upon an already successful operation, with scope to expand product ranges, increase online marketing activity, and further develop nationwide sales.
Viewings to be arranged strictly by appointment only.
Location
Situated within the Grove Business Centre on High Road, Tottenham, the business enjoys a prominent trading position within a busy and well-connected part of North London. The location benefits from strong passing traffic, excellent transport links, and a large surrounding residential population.
Premises
The business occupies a well-presented leasehold showroom within a modern business centre. The premises provide attractive retail display areas showcasing a wide range of furniture collections, creating an inviting shopping experience for customers.
The property is fitted and maintained to a high standard, offering a contemporary environment suitable for both retail sales and customer consultations.
The premises is 2,200 square foot.
Tenure
Leasehold premises.
We are advised that the property is leased through LentaSpace at a rental cost of approximately £8,250 per quarter.
Further lease details are available upon request.
Hours
The current operating hours:
Monday to Saturday - 9:30 am to 6:00 pm
Sunday - 11:00 am to 5:00 pm
Staff
The business is currently operated with a team of 4 staff members.
Financial Profile
We are advised that the business generates an annual turnover of approximately £300,000 and achieves a net profit of approximately £144,000.
Current stock is valued at approximately £60,000.
Business rates are reported at approximately £9,890 per annum.
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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.'.
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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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Contact seller
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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