Asking price: £499,000

Sales revenue: £1,607,590

Net profit: £191,000

Fixtures value: £30,000

Stock value: £250,000

Business description
Well established, highly reputable interiors furnishing business located in South West England. This very profitable business occupies a 5500 sq. ft. retail space that includes several showrooms, offices, workspaces and a garden (subject to planning). The base monthly rent is £6,250, or £1.13 per sq. ft., which is £75,000 annually. The owner is flexible as to the length of the lease with an option to renew. There is also a separate carpet and furniture warehouse located less than 1/4 mile away. It is believed that a new owner would also wish to lease this premises (for an additional £10,000 per annum) in addition to the main showroom however this is not a requirement as the new owner may already have a warehouse facility.

The business has grown dramatically over the past few years and last year saw it turn over in excess of 1.6m with adjusted net profits in the region of 190k but the owners are now ready to retire and the business needs to be taken to the next level. The owners are willing to ensure a smooth training and handover period for the new buyer and they fully anticipate staying on for up to six months if required.

With its knowledgeable staff, complete offering of superior products, impeccable service, and affluent customer base, this is an excellent opportunity to purchase a business that is well positioned for further expansion throughout the south west and indeed the UK and abroad.

Years established: Over 50 years

Employees: 18

Trading hours: 9-5.30

Property: Leasehold

Lease terms
Owners are flexible as to lease terms

Location
Confidential

Support & training
Owners will ensure a smooth training and handover period and is keen to ensure the new buyer is successful.

Reasons for selling
Retirement