Asking price: Undisclosed

Sales revenue: £87,032

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Established by the present owners in 1988, this well respected family-run business operates as a fully independent furniture retailer, specialising in the sale of high quality beds and ancillary products. From its established showroom, the business supplies an extensive range of branded furniture (primarily for the bedroom), providing a free delivery and assembly service if required.

Employees: The business is owned and operated by a husband and wife team who are jointly responsible for the day to day running of the business.

Trading hours: Monday – Saturday 9:00am – 5:30pm Sunday Closed

Property: Freehold

Living accomodation
The first floor comprises extensive private accommodation which is currently arranged as two flats, but could be redeveloped to provide a sizeable family home or three self-contained apartments (subject to planning permission). At present, the accommodation is configured as follows: Landing: lounge/dining room; fitted kitchen, three bedrooms (one of which is utilised as an office); shower room. Inner Landing: lounge; kitchen/dining room; two bedrooms (formerly three bedrooms); bathroom with separate WC.

Location
The business operates from substantial detached premises which occupy a corner position within the New England area of Peterborough, which lies to the north of the city centre, close to the A15 Bourges Boulevard and the A47 Soke Parkway.

Expansion potential
The present owners operate the business at a level that suits their lifestyle, preferring not to optimise the business’ full trading potential. A new owner may elect to adopt a more proactive approach to sales and marketing, possibly to include local advertising and Sunday trading. Alternatively, this opportunity may appeal to a property developer seeking to redevelop the existing building. We are advised by our clients that detailed planning permission had been granted (now lapsed) for the provision of four 2-bedroom apartments and two 1-bedroom apartments.

Reasons for selling
Our clients have decided to sell the business and property as they now wish to retire.