Asking price: £100,000

Sales revenue: £378,000

Net profit: £76,000

Fixtures value: Undisclosed

Stock value: £50,000

Business description
Advent Business Sales have been instructed to offer for sale this popular and well established business with excellent further potential.

Established over 27 years ago and under its current ownership for over 6 years, the business is now reluctantly offered for sale due to the vendors other commitments.

Currently staffed by the vendor, 6 full-time employees plus a contract carpet fitter, the business offers a range of carpets plus furniture including beds, suites & sofas, wardrobes and dining room furniture displayed in a spacious ground floor showroom.

Additional showroom space is used in an adjacent property which is available as an option at an additional rent of £150 per week if required.

A large proportion (approximately 95%) of the regular customer base is from the Asian community as they constitute a high proportion of the local population and marketing reflects this with advertising on local asian radio and in local press.

We are advised by the vendor that current stock at valuation is approximately £50,000.

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Employees: Currently staffed by the vendor, 6 full-time employees plus a contract carpet fitter

Trading hours: Mon-Sat: 9.00am – 6.00pm

Property: Leasehold

Lease terms
TENURE: Leasehold Original lease term: 15 years Term remaining: 8 years Rent Reviews every: 5 years Rent: £300 per week We are advised that the annual business rates are currently: TBC

Location
The business occupies a highly visible triple frontage premises in a prime main road location.
The premises are situated within a densely populated area close to the city centre with excellent parking facilities including free on street parking and a free shoppers car park close by.
Due to the location the business benefits from high volumes of passing traffic and footfall and is surrounded by a number of complimentary businesses in this central shopping area.

Expansion potential
While already a successful business there is still excellent potential for growth from increased marketing and longer opening hours including Sundays.

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

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