Asking price: £175,000

Sales revenue: £650,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
This award winning business was founded in 2000 by the Vendors with a generous combination of innovative insight and entrepreneurial spirit and has grown since to become a significant enterprise supplying trade & retail customers on a daily basis with up to date styles from its in-house design unit and has developed a reputation for the quality of its products, flexibility of service and reliability.

The business operates from a prime location in Cambridgeshire and has established itself as one of the region’s leading independent furniture wholesalers and popular retailers. Many current customers have been loyal to the business since the beginning and this has been due in no small part to the business’s competitive prices, product bundles, quality products, first class service and attention to detail.

The business has been established on the basis of the pursuit of excellence, installing new technology, constantly reviewing and updating its service commitment and its methods of business, for example its inventory management system, ensuring that valued customers receive the very best service and quality of product.

Years established: 2000

Employees: The business employs:1x Sales Manager (full time)1x Sales & Warehouse Manager (full time)1x Sales & Office Administrator (full time)1x Warehouse & Driver (full time)1x Warehouse (full time)These staff together with the vendor are responsible for the day to day operations.

Property: Freehold

Location
The business is located in an easily accessible modern industrial unit in a popular business park in Cambridgeshire and operates from two properties; the first being circa 8,000 square feet area including showroom, storage and mezzanine office administration.

The second being circa 3,000 square feet including office administration.

The premises are in the private ownership of the vendor and available by separate negotiation.

Expansion potential
The current market for this business’s services 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 extensive advertising through the Yellow Pages, trade magazines, local news press, trade shows, in-store promotions and brochures in the past and there are excellent opportunities to increase this and market the business more aggressively to significantly increase turnover. A high proportion of the business's revenue has also been due to its excellent reputation for quality and service and strong word of mouth recommendation. The business benefits from an attractive and comprehensive website detailing a full portfolio of products making choice ever simpler and also driving interest in its products and incentivising customer visits to the out of town showroom.

Support & training
The current owner will provide all necessary training and all relevant contacts to allow continuity of trading.

Reasons for selling
The business is for sale as a result of the vendor’s wish to follow other areas of interest.