Summary
- Asking price:
-
£835,000
- Sales revenue:
- £339,000
- Net profit:
- £85,000
- Years established:
- 1950
- Employees:
- The business currently employs four full time sales advisors and two part time.
Business description
Asking price: £835,000 including Freehold
Asking Price :£250,000 if sold with a new lease created + SAV
This established and successful business retails ready-made curtains, net curtains, blinds and made to measure curtains.
Established in the 1950’s the business retails the most high quality and value for money brands, and provides a complete service for residential and commercial customers requiring an old fashioned quality of customer care.
Since inception this business has earned an impeccable reputation for its large inventory of durable quality curtains and fabrics, knowledgeable, skilled staff, convenient hours and competitive pricing. The Company continues to prosper from the very large local clientele with plenty of regular business being obtained.
The aim of the business is a traditional one, to provide value for money and outstanding quality and service. Flexible and personal advice is offered to all clients. Regular repeat business from the multitude of clients is testimony to the business's unrivalled reputation for quality service.
Customer enquiries are all dealt with on a personal level, giving a friendly atmosphere to the shop, so whether customers want to browse and choose from an excellent stock choice, or need a bit of friendly advice; they always receive a warm welcome.
Property information
- Location:
- The business is situated on a main high street in Essex, with a basement stock area, ground floor shop. The first floor has offices and the second floor has a one bedroom flat. The property is freehold ad is valued at £575,000. A new lease could be made available with the successful purchaser through separate negotiation.
Other information
- Expansion potential:
- The current market for this business is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.
- Competition / Market:
- The business has used no advertising or marketing in the past beyond taking advantage of its prime position and reputation and an immense opportunity exists to build on this businesses reputation and implement further and more assertive methods of advertising to expose the business to even greater markets.
Every homeowner or commercial enterprise such as a care home could be targeted as a prospective customer; various methods could be used in this regard including the local press, a direct sales force, leaflets, brochures and direct mail.
A large percentage of new clients derive from recommendations, the business regards existing clients as their best advertisers and has maintained an impressive base of satisfied repeat accounts and clientele, while continuing to attract both new referrals and customers.
The business does not have a web presence and there is no doubt that turnover and profits could increase using this medium. A professionally designed website could allow potential customers to view the extensive range of fabrics and curtains on offer, and give excellent potential to increase the turnover in the future.
- Support & training:
- Full support and training will be provided to the successful purchaser.
- Reasons for selling:
- The current owner wishes to concentrate on other business interests following the sale of the company.
- Trading hours:
- 9.00 am – 5.30 pm Monday - Saturday