Asking price: £465,000

Sales revenue: £730,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Exemplary Home Interiors Shop, Fitted Kitchens, Bedrooms, Bathrooms, Tiling, Flooring and Furniture Business

This company has been owned and run by the same family for twenty-nine years.
During this time it has consistently grown and developed its product range and services that now include ninety percent of items or equipment and fittings that a retail customer requires when refurbishing and furnishing a new or existing home.

What it does

The company trades from two retail outlets and sells solid wood furniture such as tables, chairs and cupboards and a very comprehensive range of home accessories including lighting, ornaments, pictures, table ware, cutlery, crockery and some soft furnishings.
This operation runs superbly in tandem with a fitted kitchen, bedroom and bathroom design and installation business that has provided the true definition of a one-stop shop for all homeowners. This is complemented by a ceramic tiles and flooring outlet that also sells cork, timber, stone and vinyl flooring which completes the reputation of the company as the total solutions provider for their well established and wealthy customer base.


Location

The business is based in coastal Devon


Clients

The business has a database of over two thousand clients and prospective clients. The majority of these are in the A, B demographic and the area has a high proportion of wealthy retired people.
While the surrounding town has a population of circa thirteen thousand residents the business has a catchment area of a fifty-mile radius from its location.
The client base also includes a significant number of trade customers.

Customer Service
The business is in the enviable position to be able to design, supply, fit, decorate and furnish the kitchen, bathroom or bedroom in question and to complete any building work that might be required prior to commencing the project. The experienced staff provide a professional, friendly and personal service to all customers

Key strengths

Location
One stop shop
Wonderful quality
Minimal competition
Superb reputation
Excellent location
Stable overheads
Strong market

Location
There are two premises to be considered.

Firstly a high street located freehold (part listed) building. These ideally situated, well-appointed and beautifully decorated premises are available at market valuation. Rates are set at nine thousand seven hundred and fifty pounds.
It consists of two sales floors of approximately two thousand five hundred square feet, and a third floor that contains the offices. The second floor could easily be converted into living accommodation if required. There is parking for three cars at the rear of the building that also gives access to two flats that do not form part of the transaction.
The second leasehold premises are subject to a five-year lease with four years to run. The annual cost is seven thousand pounds. They occupy a secondary retail site and consist of a showroom of one thousand square feet, one office and a staff toilet. Rates are set at two thousand nine hundred pounds

Competition / Market
The company does advertise in local publications, / press, monthly county magazines, does product launch events for trade customers and is in Yellow pages. Such is the reputation of this company local competitors buy their materials from this operation

Support & training
A full and seamless handover will be available for a period to be agreed as part of the sales process.

Reasons for selling
The directors have decided to sell the business in order to concentrate on a growing property portfolio.