Asking price: £700,000

Sales revenue: £1,500,000

Net profit: £240,000

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Established in 1993 and under the present ownership since inception this successful and well-established business in Hertfordshire specialises in the manufacture of mattresses and divan sets and high quality solid wood oak furniture for the dining room, hall, bedroom and garden etc. and distributes into the many retail outlets throughout the United Kingdom.

Buying and distributing products direct from major manufacturers, many built under licence, the business offers a portfolio from basic economy furniture to luxury contemporary designs, and has a distinctive trademark on all furniture.

This importing and distributor business has supplied bedroom and oak furniture to traders and retailers for more than 15 years and has developed an excellent reputation, catering for all markets.

Cutting out the middleman gives clients an immediate competitive advantage, selection and exclusivity. The business supplies all products from stock and offer a most efficient and effective service, always with a speedy delivery service, within seven days, in most cases. Delivery can also be direct to the end user, thus speeding up delivery time from retailers as well as saving them additional costs. Many of the products supplied are exclusive products, manufactured under licence, giving the business a substantial advantage within the market.

Lucrative links have been established from the customer base over a lengthy period of time. Goods procurement and supply base development has been fundamental in the success and excellent turnover that has been achieved. The company has an excellent relationship with its suppliers in the Far East.

Employees: In addition to the owner there are seven full time employees. These consist of three divers, two warehouse personnel and two office personnel.

Trading hours: Monday – Friday 9.00 – 5.00 (however with a good e-commerce site in operation the ordering could be 24/7.

Location
This is a fully re-locatable business presently run from a warehouse building on a local farm. These premises will not be available following the sale of the business but the business requires just a small amount of warehouse space to run successfully. This has the advantage not only of being fully re-locatable to any area in the UK, but can also be easily assimilated into an existing operation, thus reducing overhead to a considerable extent.

Expansion potential
The current market for this business's products is stable and is forecast in the near and longer term for further growth. The business is well positioned to take maximum advantage of this growth as it occurs. It would benefit from further investment if a new owner wished to take it to the next level and ensure ever greater profitability.

Competition / Market
The business has used almost no advertising in the past and there are excellent opportunities to increase this and to further invest in the business's website to market the business more aggressively and to significantly increase turnover. A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation.

Support & training
The current owner will provide all necessary training and all relevant contacts to allow continuity of trading on an ongoing basis if required.

Reasons for selling
The owner now wishes to pursue other opportunities that have presented themselves