Furniture Manufacturer And Retailer For Sale

Business description

We are delighted to have been instructed to offer to the market this exceptionally well established and profitable furniture manufacturer and retailer.

Founded over 21 years ago by our client, the business is only now being reluctantly offered for sale as he wishes to retire.

The business has a stunning collection of interior home ware to suit all tastes which includes lounge, dining and bedroom furniture with an extensive gift ware range.

The showroom has recently undergone a major refurbishment and now boasts one of the largest selections of fine furniture. Many of the pieces are hand crafted to suit the clients’ individual tastes with lighting, table placing, glass ware, floor mats and a large array of other items available to complement any room in the house.

As well as their own manufactured units, they stock many exclusive names including Natuzzi, Mancini, Hemelar, Earnest Maynard, Kolnor, Starbay and many more.

The business also carries out furniture repair and restoration including French polishing, re-upholstery and repairs.

The business has an enviable local reputation for only supplying quality products for which it will never be compromised.

90% of sales are local to the area, although deliveries up to approximately a 50 mile radius will be made.

The business employs 6 full time staff including the vendor and 4 part time, who each work on average approximately 20 hours per week. In the year to 31st March 2009, they achieved annual sales of £1,351,890 with a gross profit of £588,282. Overheads are kept well under control, which results in very satisfactory net profits.

The vendor is prepared to work with a new owner to ensure a smooth transition and to give the necessary introductions to staff.

We are advised that stock at cost is approximately £300,000.

DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through broker. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.

Property information

Property:

Leasehold

Location:

The business is very well located on a small industrial estate situated close to the M6 toll road in Staffordshire. Nearby towns include Wolverhampton, Walsall, Cannock, Burntwood, Rugeley and Stafford.

The business has its own large car park with approximately 35 spaces, which includes two disabled spaces.

Premises details:

Entry to business car park from the road. 35 car park spaces of which two are disabled.

Two floor detached premises, fully alarmed which briefly comprises:

Ground Floor
• Twin double door openings into the store
• Huge selection of leather suites, beds, tables, chairs and
accessories arranged over both floors
• Approximately 70 individual room settings in total
• Only quality fittings have been used throughout with power saving spot lights which automatically come on when approached
• Tiled on laminated walkways with carpeted room settings
• Suspended ceilings
• Piped music throughout
• 2 flat screen plasma televisions on each floor
• First floor side manufacturing unit
• Ground floor stores
• Separate bed section with six on display
• Male & female W/Cs

Business Operation

Expansion potential:

Our client is already achieving excellent net profits on a consistent basis, the business does however, still offer tremendous scope to increase both sales and profits by:
1. Advertising further afield to show people the very extensive showrooms
2. Taking sales orders over the internet on a non competing basis with its existing product offering

Trading hours:

Mon-Fri: 9am – 5pm
Sat: 10am – 5pm
Sun: 11am – 5pm

Employees:

The business employs 6 full time staff including the vendor and 4 part time, who each work on average approximately 20 hours per week.