Asking price: £70,000

Sales revenue: £113,000

Net profit: £30,000

Fixtures value: £7,000

Stock value: Undisclosed

Business description
The particular highlights of the business are:
• Ideally located concern offering excellent lifestyle.
• A well established business.
• Good loyal clientele.
• Fully equipped business with favorable lease terms (see below).
• Turnover in excess of £113,000 with a net profit of £30,000. (See financial summary below). This is very impressive considering the credit crunch.
• A business with great potential which has not been exploited because of workload and time constraints. .
• An easily run operation.
• Good loyal well trained staff.
• A good first time buyers business.

Phoenix Business Transfer Agents are delighted to place onto the market this soft furnishings business which has been established since 1998.The business has been in the hands of the current owners since 2005 they now wish to sell due to a change in direction.

This very good business opportunity provides soft furnishings including blinds, curtains, nets etc along with the manufacturing of curtains, blinds and other soft furnishings.

The concern employs three members of staff including one part-time member and two full-time members (vendors).

The owners’ role is very hands on and they work full time.

The owner markets the business in a local free paper once a month.

As far as competition is concerned there isn’t another shop that offers the services they do in St. Austell. The closest similar shop is 17 miles away however, there prices are a lot more expensive.
The client base consists of all ages and types. They do work for a lot of holiday homes, guest houses and B&B’s.

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include finishing later on Saturdays
• With the introduction of a website and e-commerce.
• With an enhanced website.
• Work on the layout of the premises in-order to increase the sales area.

The owner would be available for a business familiarisation period of two to four weeks for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Financial Details
The turnover for 2008 was £113,000 with a net profit of £30,000. The present value of the stock is £10,000 –15,000 and the fixtures fittings and equipment are worth £7,000. The potential turnover of the business within the next 2 years is forecast to reach £135,000+ given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.

Years established: Over 11 years

Employees: The concern employs three members of staff including one part-time member and two full-time members (vendors).

Trading hours: The business operates from Monday to Friday between 9:00 am and 5:00 pm. On Saturdays the hours are 9:00am to 1:00pm.

Property: Leasehold

Lease terms
The least is a rolling monthly lease requiring two months to terminate / assign. The rent is £5,500 p.a. The rates are £1,320 p.a.

Location
This superb business opportunity is situated in the town of St Austell in the County of Cornwall. It is located right in the centre of the town, just off a main arterial road which enjoys much traffic flow and there is a good foot flow of pedestrians. There is a residential area surrounding the property and it is within a commercially thriving part of the area. There is ample free parking nearby.

The area attracts many shoppers who use the area on a daily basis and there are many local facilities including banks and many other retailers.

The location is well linked with the A390 providing links south and north to the A30 and M5. The St Austell railway station is also close by. The business has clientele from a 50 mile radius. The locale offers a good lifestyle opportunity.

Expansion potential
The concern has huge potential. In particular the turnover and profits can be increased by: • Increasing the marketing activity with direct mailings and local and internet advertising. • Increasing the opening hours to include finishing later on Saturdays • With the introduction of a website and e-commerce. • With an enhanced website. • Work on the layout of the premises in-order to increase the sales area.

Competition / Market
As far as competition is concerned there isn’t another shop that offers the services they do in St. Austell. The closest similar shop is 17 miles away however, there prices are a lot more expensive.

Support & training
The owner would be available for a business familiarisation period of two to four weeks for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Reasons for selling
Owner wishes to sell due to a change in direction.