Furniture Retailer in North Yorkshire For Sale

Business description

Preferred Commercial is delighted to offer for sale this well established furniture retailer that has built up an excellent reputation in the last 5½ years. Is now being placed on the market due to retirement. The business is part of a group of well established furniture stores specialising in solid oak, pine, ash and other solid timber furniture. Branches are located in Lancashire, Cheshire, Lincolnshire and this one in Yorkshire. Each store is independently owned and operated. The store currently has an annual turnover of £800,000 achieving a gross profit of 45%. The business operates as part of a franchise with the other 3 branches and pays a franchise fee of £500pcm for marketing. The franchise can be terminated with 3 months notice and no penalties. The benefits of the franchise are infinite as not only does it spread the cost of marketing but also gives the group combined purchasing power, allowing for higher profit margins. This is a unique opportunity to purchase a well-established business, offering infinite scope for the future. Early discussions with Preferred Commercial must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Original length: 15 years
Remaining: 10 years
Review: every 5 years

Leasehold rent:

£55,000 per annum

Location:

This furniture retailer is situated in a prominent town centre location in North Yorkshire. The area has a high traffic and footfall and offers a very visible showroom which is multi fronted and boasts large display windows. The business draws its trade from the wealth of local as well as clients that have used the business throughout the years.

Premises details:

Multi-fronted showroom with large display windows, briefly comprising:

Ground Floor
Entrance leading to:
• Large sale and display floor, open-plan displaying beds and bedroom furniture, tables and chairs, cabinets, shelving and tables.
• Small office located in centre of sales floor
• Store room with shelving and lots of workbenches
• Toilets
• Rear exit
• Cellar
• 3 store rooms
• Kitchen
• Ladies and gents toilets

Other information

Trading hours:

Mon - Fri: 9.00am - 5.30pm
Sat: 9.00am - 5.00pm
Sun: 9.00am - 4.00pm