Leasehold Futon Retailer For Sale

Business description

Advent Business Sales have been instructed to offer for sale this extremely well established Futon and sofa bed business.

Established over 15 years ago by the vendor, it is now reluctantly offered for sale due to the vendor’s other commitments.

Currently staffed solely by the vendor, the business offers a good range of Futons and sofa beds.

The business benefits from little local competition and has an excellent reputation ensuring good sales with advertising kept to a minimum.

The premises, located in a corner plot, is decorated to a high standard.

We have been advised by the vendor, that a conservative estimate stock value is currently at approximately £5,000.

Deliveries for customers is undertaken by the vendor most mornings

Although the business is well established and offers a good range of products. Subject to planning approval, any concerning purchaser may wish to use the premises for an alternative business.

ref:8600LE

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold
Original lease: 2 years
Remaining lease: 1 (Renewable)
Review every: 2
Rent: £11,000

We are advised that the annual business rates are currently: £2,415

Living accommodation:

BUSINESS PREMISES An attractive double fronted corner premises with the added security of iron grills consisting of the following: Ground Floor . Central door . Main sales area –carpeted throughout . Sales desk to rear . Door to rear leading to private area . WC

Location:

Our client is ideally located in the heart of Leicester city centre with the immediate surrounding area being retail premises.

The main shopping complex is approximately 20 yards away providing excellent footfall to the business.

Leicester is a vibrant and progressive city and with the completion of expansion of the main shopping centre in 2008, Leicester will become a major destination shopping city.

Other information

Expansion potential:

There is excellent potential to increase revenue by extending the opening hours and developing a quality website which would enhance business and sales considerably.

Trading hours:

Tues-Sat 10am-3.30pm, Mon-Sun closed

Financing available:

Please let us know if you require finance for the purchase of a business.

Related documents:

• Sales paticulars