Home Furnishings And Gifts Retailer For Sale

Business description

HISTORY

• The business was founded over 12 years ago and has been owned by the present vendor for over 3 years

REASON FOR SALE

• The business is only now being reluctantly offered for sale as they wish to retire

PRODUCTS

• The premises is an ‘Aladdin’s Cave’ of products which include:
• Mirrors, pictures, clocks, glassware
• Photo frames, rugs, accessories
• Handbags, jewellery, fragrances
• Hand made gift cards
• Rattan chairs, furniture, occasional, coffee and hand painted tables
• Ornaments
• Much more

CUSTOMERS

• 90% of customers are estimated to be within an approximate 20 mile radius of the store with the remaining 10% from passing traffic

SERVICES

• Approximately 15% of the premises are sub let to a carpet retailer who in return pays 50% of the entire rent of the store

STRENGTHS

• An extremely well established business which has been trading for over 12 years
• High visibility location by a busy roundabout in an affluent area
• Excellent local reputation with a high repeat and referral trade
• Huge stock selection









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 Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants.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).

Property information

Property:

Leasehold

Lease terms:

• Leasehold
• Original Lease 5 years
• Remaining lease: 2 years
• Review every: 3 years
• Rent: £15,000 per annum
• Rates: £1,200 per annum

Location:

• The business is located on a busy roundabout off a main arterial road near an affluent town in Berkshire

Premises details:

• Detached single storey lock up situated by a busy roundabout of a main arterial road in an affluent area, it briefly comprises:
• Front side entry door into the store or rear centre entry from own car park
• Sub let carpet area which takes up circa 15% of the store
• Product all around the side walls and down the centre of the store
• Side counter and till
• Alcove down side of store with office, kitchen area and w/c
• There is a large steel container in the car park which is full of products
• The rear car park can accommodate several cars
• The premises also benefits from being alarmed

Business Operation

Expansion potential:

• Have a greater stock selection
• Advertise more – none is done currently
• Have an interactive web site with full details of stock on offer
• Sell of older slow moving stock on eBay

Trading hours:

• Weekdays 9.30am to 5.30pm
• Sunday: 10am – 4pm

Employees:

• The vendor full time • One part time employee, who works 2 days a week

Other information

Related documents:

• 
• Sales particulars

• 
• EPC