Asking price: £60,000

Sales revenue: £150,000

Net profit: £27,000

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Advent Business Sales have been instructed to offer for sale this established business and associated website.

Although only established for one year, has created an approximate turnover of £156,000 - £165,000 with an approximate 40% average gp. Netting close to £27,000 it sells only furniture of a high standard at high street prices, it is the only store in the area selling ‘tetrad’ suites, which are normally reserved for the top end shops.

One of the owners has been offered a new venture abroad that he cannot afford to refuse, hence the reluctant sale of such an excellent opportunity.

With an approximate 1200 sq ft of space and a low council rent and rates combines only £620 per month, this is an ideal husband and wife lifestyle business, which we know will not be available for long.

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Trading hours: Tues – Sun: 10.00am – 5.00pm

Property: Leasehold

Lease terms
TENURE: Leasehold Original lease: 5 years Remaining lease: 4 years Review every: 5 years Rent: £620.00 per month – combined council rent and rates.

Living accomodation
BUSINESS PREMISES Simple glass fronted commercial unit, with car parking in front. Behind is a 1200 sq ft sales area with a w/c facility closed off on the left hand side. External - Located on an industrial estate just off the main ring road.

Location
Our client is located just off a main town centre on the ring road in North East Northamptonshire.
The business is situated close to a high footfall supermarket, from which it derives a benefit of visibility.

The county has a fast growing economy and is both wealthy and very relocatable for people living in the home counties.

Expansion potential
Scope to develop the website and advertise more (Yellow Pages etc).

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

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