Independent Sofa Specialists Business For Sale

Business description

Independent Sofa Specialists

Specialises in leather sofas, leather furniture and fabric sofas in a variety of contemporary and traditional designs

Established since 2004 this business specialises in leather sofas, leather furniture and fabric sofas in a variety of contemporary and traditional designs. They also have a fine selection of leather chairs, leather beanbags, leather stools, leather ottomans and leather sofa beds.

this very profitable business, operates from three fully stocked showrooms in Fulham, Finchley and Greenwich.

As one would expect from a leading independent retailer, what sets this business apart from the competition is its helpful, friendly and knowledgeable staff. All staff have considerable experience in all areas of home furnishing. Personal service is paramount and all staff are focused on providing the personal touch that makes the whole shopping experience enjoyable, regardless of the amount spent. Where this business also scores well over the perhaps better-known competition is its high levels of Customer service.

This business has an extensive and loyal customer base – customers are drawn from a very wide catchment area, attracted by the wide range of choice, the competitive prices but above all the personal service. Demonstrating clear loyalty to the business many customers profess that ‘they would be lost’ if this business were to leave the High Street.

As a result of this enthusiasm this business very clearly bucks the trend for furniture retailing in the UK High Street. It has made a profit in every year of its operation and last years profits were circa £500,000.

Equipment:

The business uses a PDQ system for credit cards and is fully computerised with all clients details held on a comprehensive database.

Customer Service:

The company aim is to operate a successful expanding business and to do this it has ensured that customer service is paramount.
The business has a large database of clients and a many of who are repeat customers. This has been achieved by word of mouth recommendations from previous customers.
The business fully understands that in order to stay ahead they need to continue to exceed the expectations of their customers in terms of product quality, price and customer service.

Property information

Location:

The business operates from three separate leasehold outlets.

Outlet one measures circa 2,100 square foot over two levels. Annual rent for this outlet is £25,000 per annum with rates charged additionally at £7,000. There are five years remaining on the existing lease.

Outlet two measures circa 1,000 square foot. Annual rent for this outlet is £20,000 with rates charged additionally at £7,000. There are three years remaining on the existing lease.


Outlet three measures circa 1,000 square foot. Annual rent is £20,000 per annum inclusive of rates. The lease is renewed on a monthly basis.

Other information

Expansion potential:

The current market for this business is stable and is forecast in the near and longer term for significant growth. With a dedicated marketing strategy put in place the business will be well positioned to take maximum advantage of this growth as it occurs.

Key Opportunities:

Although the business benefits from a fantastic amount of custom there is still plenty of scope to further the product range and expand the growth of the client base

Competition / Market:

The business currently advertises in interior design magazines, through Google and Yell.com. The business has an attractive and descriptive website with an on-line shopping facility

Support & training:

Full support and training will be provided to the successful purchaser if required.

Reasons for selling:

The current owner wishes to concentrate on other business commitments following the sale of the company.