Asking price: £90,000

Sales revenue: £350,000

Net profit: £60,000

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
The business was established by the current owners twenty years ago and has become one of the most well established retailers in the area for good quality and well priced household furniture.

They predominately supply pine,beech and oak furniture for the dining room and bedroom from a wide range of stock on display in their showroom. The furniture includes, tables, chairs, wardrobes, beds, sideboards, chests of drawers etc. On request they are happy to take bespoke orders for made to measure furniture with a turnaround delivery time of circa one month.

Adjoining the showroom is a small coffee shop with room for circa fifteen seated customers at any one time. They serve coffees, teas, sandwiches, toasties and cakes from mid morning through to the afternoon.

The business is profitable, easy to run with low overheads and works from simple business principles of offering a good quality product, value for money, with an efficient and friendly customer service.

Customer Service:

Customer service is vital to the success of the business. The company offers a speedy delivery and assembly option, for a small charge.

Key Strengths:

The business has been developed over the years and has gained an enviable reputation in the South Yorkshire area for supplying good quality wooden furniture at a competitive price.

The location is ideal with free parking outside the door and busy services nearby attracting a large number of passing traffic. There is a wide ranging amount of stock on display in the showrooms with further room to expand for the new owners.

The supply chain for their products is directly with the manufacturer enabling the business to compete with the major furniture chains.

The business is well run with good cash flow and no bad debt and low overheads. There is excellent scope for growth within the company.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The turnover is circa £350,000 per annum with Net Profits of circa £60,000.

The low asking price reflects the desire of both partners to achieve a speedy sale.

Employees: The owners look after all aspects of the business including the daily running and deliveries. The daughter of one of the partners looks after the reception and administration.

Property: Leasehold

Lease terms
Rent is currently circa £6,500 per annum with rates of circa £5,100 per annum. The lease term is negotiable with the owners

Location
The business runs from a converted mill property on the outskirts of the town centre. It has rooms, which are used as showrooms and storage over two floors with a distinct old world character. Within the property there is also an office upstairs and two other spare rooms which could be utilised further. Downstairs together with the main showroom there is a reception area, a kitchen and a conservatory which is used as a tea room. There is a small garden outside and a large area with plenty of room for free customer parking.

Rent is currently circa £6,500 per annum with rates of circa £5,100 per annum. The lease term is negotiable with the owners

Expansion potential
The company has grown steadily over the years and the owners believe that there are excellent opportunities to take the business forward over the coming years. At present there is spare space within the building which could be utilised to stock other items of furniture. The owners are constantly being asked for carpets, curtains, three piece suites and other items of furniture They have been trading consistently over the past twenty years built upon the company reputation and through word of mouth recommendations. The owners believe that with fresh ideas and enthusiasm from a new owner the business can grow to a new level.

Support & training
The owners would be happy to help out with a smooth transition of the business and help in anyway possible.

Reasons for selling
The owners have been working together tirelessly to build the business up for the past 20 years. They would now like to go their separate ways and concentrate on their own other business interests. They believe this would be a perfect time for someone to take the company forward onto the next level.