Summary
- Asking price:
-
£399,000
- Sales revenue:
- £500,000
- Net profit:
- Available on request
- Employees:
- The business employs one full time manageress/sales consultant and four part time sales staff.. Two staff are constantly on the shop floor and all times.
Business description
This business offers exquisite and ornate furniture, lighting, fabrics and accessories to the residential and commercial markets. The high quality, stylish furniture and home trinkets are continually being added to in order to provide the latest stylish furniture and accessory designs. The store provides sought after beautiful designs for clients at reasonable prices and has become a haven for other interior designers to purchase unique pieces for their own clients.
With years of experience in interior design in the commercial and residential sectors the vendor travels frequently to buy from Paris, Madrid, Milan and across Europe and hand chooses exclusive pieces to retail in the store.
The store is well kown for providing a very personal and customised service to high net worth clients and for its good lead time of 1-4 weeks.
The store has a mix of eclectic pieces of furniture, lighting and trinkets all tastefully displayed in a luxurious atmosphere, where experienced staff create an unforgettable experience which lures clients back over and over again.
Property information
- Location:
- The store comprises ground floor shop premises with display windows fronting the main street. Located in a most affluent, up-market, part residential, part retail district, the store has an opulent display of funiture, lighting and accessories all displayed with wonderful décor and mesmerizing music.
The premises have a staff kithcen and toilets while to the rear there is access for delivering and dispatching items. Outside there is staff and customer parking available.
Should expansion be considered in the future, the vendor has informed us that there is the possibility of renting the first floor above the existing store.
The premises are leasehold with 12 years remaining.
The rent is circa €26,000 per annum with rates of circa €5,000 per annum.
Other information
- Expansion potential:
- The business is ideal to employ an additional interior designer. The first floor of the premises could be available to rent at a later stage and this would afford additional opportunities for the business as it could be utilised as additional showroom space. This would allow for the display of additional products, especially furniture. Both of these investments could increase sales opportunities.
- Competition / Market:
- The company’s professionally designed, maintained and hosted website serves as the main ‘shop window’ to the business. The stage has been reached however where the development and execution of strategic marketing plan, addressing all media activities, would undoubtedly be of great benefit.
- Support & training:
- The vendor is happy to provide support and training for the new owner and introduce to clients and suppliers to ensure a smooth transition of ownership.
- Reasons for selling:
- The owner now wishes to concentrate on other areas of business.
- Trading hours:
- Monday – Saturday: 9.30am – 6.00pm Staff are in at 9am to prepare the shop The store opens for 7 days per week in December