Asking price: £99,950

Sales revenue: £288,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
The business was established in 1975, and has been family owned since 1982. A well respected furniture retailer stocking bedroom, dining and occasional furniture. Our client buys from both UK suppliers and directly from German manufacturers, having long standing relationships with several companies. Delivery and installation is offered within a circa 50 mile radius with the business seeing customers from Scarborough, Goole, Grimsby and Scunthorpe.

Employees: Our client is active in the business full time. He is assisted by a part time administrator, a full time warehouseman/driver and a full time driver’s mate.

Trading hours: Monday – Saturday 9.30am – 4.30pm

Property: Leasehold

Location
The business enjoys a prominent position on a main road in the centre of Hull, East Yorkshire. From this location the business is well placed to serve the city and surrounding areas. There is ample parking available at the front of the shop, and it benefits from having its own car park to the side.

Expansion potential
Our client feels that ample scope exits to increase trade by increasing the current trading hours to include Sundays. There is also scope to introduce additional lines such as flooring, soft furnishings or beds further widening the businesses appeal.

Reasons for selling
Alternative business interests