Summary
- Asking price:
-
£295,000
- Sales revenue:
- £720,000
- Net profit:
- Available on request
- Employees:
- Currently ten full time staff members largely run this business on behalf of the owner, who keeps an occasional watching brief with some quotation activity. In addition there are three part time workers and contract workers available on an as and when required basis.
Business description
A first class opportunity to acquire a high quality, bespoke furniture manufacturer and re-upholsterer plus soft furnishings and accessories, retailing direct to the quality domestic marketplace.
The company was established by its owner in 1990, having the benefit of 20 years in the industry he saw a niche in the market for a high end bespoke manufacturer and had the added advantage of being able to offer re-upholstery as well as soft furnishings and accessories. Manufacturing takes place in the owner’s factory and all necessary parts and related accessories are bought in as required. The business offers a variety of styles and materials giving a complete solution for the living and reception areas found in most homes.
The welcoming, comfortable and extensive showroom is situated on the second floor and provides a total shopping experience with a fantastic range of furniture, soft furnishings and accessories on display. The workshop and offices are located on the ground floor. The premises comprise of a total of approx. 10,000 sq ft.
Property information
- Location:
- The premises comprise approx. 10,000 sq ft over two floors. The ground floor accommodates a fully equipped workshop with storage and loading facilities plus offices and all usual amenities.
A superbly displayed and well stocked showroom is situated on the second floor exhibiting the excellent range of quality bespoke furniture, manufactured in-house, and also has displays of the soft furnishings and accessories available.
There is currently no lease on the premises as it has recently expired and a new fully renewable 15 year lease is available if required at preferential terms, however the business does benefit from being re-locatable to other premises if this should be required by a new owner.
Other information
- Expansion potential:
- The current market for this business's products is stable and is forecast in the near and longer term for further growth. The business is well positioned to take maximum advantage of this growth as it occurs. It would benefit from further investment if a new owner wished to take it to the next level and ensure ever greater profitability.
- Competition / Market:
- The business has used limited advertising in the past and there are excellent opportunities to increase this and to further invest in the business's website to market the business more aggressively and to significantly increase turnover. The business attracts the right level of customers by advertising in the aspirational magazines, which are aimed at the house and home.
A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation.
- Support & training:
- The current owner will provide all necessary training and all relevant contacts to allow continuity of trading on an ongoing basis if required.
- Reasons for selling:
- The owner has now reached seventy and has reluctantly bowed to family pressure and agreed to retire gracefully thus offering this exceptional opportunity to a younger and more go ahead owner.
- Trading hours:
- The showroom is currently open 9.30 – 5.00 Monday to Saturday with the workshop operating 7.30 – 5.15 Monday to Thursday.
Contact the seller
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