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Advert Details

Furniture Store and Workshops

(Ref: IK96)

Leicester, Leicestershire, United Kingdom

Financials

Asking price: £260,000

Sales revenue: £300,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

 

Business description
Well Established Furniture Store and Workshops
Upholstery / French Polishing
Reputation for Quality Craftsmanship & Service
This business initiated by the owners in 1988 has successfully grown each year of trading. It is built on family experience and reputation dating back to 1946 for providing excellent quality and service and a vast selection of traditional and bespoke furnishings and has grown to become renowned as one of the areas top places to buy furniture and furnishings.

With approximately 6,500 square feet of large retail space, workshop areas and on-site parking facility the business supplies a strong portfolio of products, aimed at the top end of the market and also operates an in house manufacturing and repair shop offering services that include French Polishing, Re-upholstery, Antique and general Furniture Restoration.

The fantastic range of furnishings is displayed over two floors in a spacious, comfortable, freehold or leasehold showroom and include:

• Antique Replica Furniture
• Be-Spoke (Hand Crafted Upholstery & Furniture)
• Antique & Modern furnishings
• 3 piece suites and armchairs
• Dining Suites
• Curtains and accessories
• Fabric
• Upholstery and Polishing Sundries

The expertise of the personal service offered at this friendly family store along with stunning and exclusive collections has proven to be a major asset to its success.

This business enjoys an extensive base of satisfied customers and achieves high levels of word of mouth / repeat business. This therefore represents an excellent opportunity to acquire an established business with very good selling space and significant future growth prospects.


Employees: The owner is responsible for the day-to-day management of the business


Location
The wonderfully presented showroom of this business comprises approximately 2,500 square feet of retail space across two floors and has a wealth of interesting, quality ranges on show.

The premises lend a unique ambience to the operation with an air of quality, which puts customers immediately at their ease. The showrooms display a vast range of stunning furniture and furnishings, which are superbly complimented by the environment.

The showroom benefits from having all local facilities close to hand, with good access to major roads and motorway networks.

The premises are available freehold or leasehold with sale price or rent to be negotiated prior to the sale. They have ample car parking close by and are fully secure and intruder alarmed.


Expansion potential
The current market for this business's products 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. This is an outstanding opportunity to build on the existing business levels and customer base of this company in terms of extending the portfolio. With a strong demand for this business's products, combined with a capacity to increase turnover, a new owner contributing fresh ideas will have every advantage of building on an excellent platform. This retail outlet and workshop has established a first class reputation providing a springboard for the extension of its sales into other areas. The current available market for this business's products is growing due to continual consumer interest in improving lifestyle surroundings. The opening hours could be extended to include Wednesdays, Saturday afternoons and Sundays, which would potentially increase turnover and subsequently profitability.

Competition / Market
A high proportion of the business's revenue and its most effective form of advertising is due to strong word of mouth recommendation. The business does advertise in the local press, local directories and prestigious magazines and has the benefit of a successful Company website which could be further enhanced.

Reasons for selling
Retirement. The business and premises are for sale only due to the present owners ill health that is reflected in the current turnover, the owner also recognises that the business could grow significantly by the influx of new marketing skills.


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