Asking price: £795,000

Sales revenue: £670,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
This family run business has built up an excellent reputation, over the past 100 plus years for courteous service and expertise, for the selection and variety of quality products and services it provides, for friendly and helpful staff, , competitive prices and maintaining an extensive base of satisfied customers, from all walks of life and across many generations. Because of this the business has become part of the fabric of the community it serves so well and enjoys unprecedented levels of repeat business and referrals

The business specialises in the retail supply, delivery and installation where applicable, of the following range of products and has excellent supply agreements in place with all the leading brands (Sealy, Silentnight, Vale, etc etc) as well as some more unusual suppliers that help give clients a wide and unrivalled choice of designs and furnishing ideas.

• Beds (Approx 80% of total sales)
• Suites
• Fitted Carpets
• Household And Occasional Furniture

Customer Service:

The business believes it is customer service, and in particular after sales service, that really sets it apart and works very hard to promote this. It offers the best service and support with highly trained staff who provide a truly dedicated in house after sales service that delivers and satisfies the needs of the customers each and every time. It prides itself on “going the extra mile” for it customers and this is reflected in the very high customer satisfaction levels and repeat orders the business enjoys.

The business has won the coveted “Bed Retailer of The Year” award several times over the years and is also a founder member of “The Sleep Council”.

Key Strengths:
• Established over 100 years, with all the latest designs of beds, suites and carpets at big discounts this business has a real presence in the local market it serves so well.
• Winner of 'Bed Retailer of the Year' award several times over the past few years this business has superb supply agreements in place with all the leading manufacturers.
• Profitable with good cash flow.
• Freehold properties in excellent location with good access and parking.
• Consistent business levels.
• Loyal customer base.
• Customer service levels.
• Trustworthy staff.
Key Opportunities:

Having achieved impressive growth over the years the business has now built up an excellent reputation within the surrounding area and enjoys consistent levels of business year in year out. There is plenty of scope for expansion within the existing market as the company has very strong supplier relationships, which ensures they offer the most up to date in demand products to clients.

Further advertising could certainly increase sales and revenues. The company could expand further by targeting areas outside its normal geographical operating region. Whilst the company has an informative website it could certainly develop this further to become more interactive to allow online transactions.

The business should also extend its hours of trade. It is currently open 5 days a week through choice. Increased opening would certainly improve revenues still further.

The majority of sales are for residential purposes. The company does have some commercial clients (5%) and this could be an area for future development.

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 business currently achieves turnover circa £670,000 p.a. with impressive gross profits circa £230,000. Current stock levels are circa £30,000. This business presents an excellent opportunity to acquire a leading retail business that is very well established, profitable and stable with several growth opportunities. The freeholds represent a sound investment on their own.

Employees: The two directors work within the business, one full time the other on a part time basis. The company also employs a full time salesman, three full time drivers/warehousemen and a part time accounts person.

Trading hours: 5 days a week

Property: Freehold

Location
The business is run from 3 adjacent freehold premises comprising:

• Retail premises circa 4450 square feet (3-storey)
• Warehouse premises circa 1500 square feet (2-storey)
• Residential/Warehouse premises circa 3500 square feet. (3 storey- ground and first floor-storage, second floor residential with separate access.)

Situated in a popular retail location with excellent signage and good shop frontage the business enjoys high levels of passing trade.

The premises have recently been valued in total @ circa £625,000. The premises are included in the current asking price. The vendors preference is to sell the freeholds but would also consider setting up suitable leases should a buyer so require subject to negotiation.

Competition / Market
The business utilises local press to advertise and also has its own basic yet informative website. It also enjoys the best form of advertising via word of mouth recommendations and repeat business.

Support & training
The current owners would be happy to provide full training and support at handover.

Reasons for selling
The vendors are looking to retire.