Asking price: £165,000

Sales revenue: £265,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
THE BUSINESS:
Advent Business Sales are pleased to offer to the market this extremely well established and popular bed store.

Founded by our clients in 1988, the business is only now being reluctantly offered for sale to enable them to pursue an alternative unrelated business venture.

The business has an excellent local reputation with many customers returning years later for replacements.

They offer new beds in standard or special sizes, storage, divans, mattresses, headboards, bedsteads, electric beds, bedroom furniture and memory foam mattresses.

They offer a great choice from many of the UK’s leading manufacturers including:
• Myers
• Rest assured
• Hypnos
• Dunlo pillo
• Airsprung

The business operates within an approx 20 - 30 mile radius of its showroom and in total has 4 staff. 1 vendor works full time with another working 3 days per week. In addition, they have 2 part time delivery drivers who each work 1.5 days per week. The business runs on very minimal overheads.

We are advised that stock at cost is approx £12,000.

Advertising is via Yellow Pages, local web sites and every other week in local newspapers.

Sales are up by 40% year on year to end of August 2009.
REF: 9267CV

Trading hours: Mon-Sat: 9.00am – 5.00pm Sun: closed

Property: Leasehold

Lease terms
TENURE: Leasehold Original lease: 15 years Remaining lease: 10 years Review every: 5 years Rent: £15,000 P.A. We are advised that the annual business rates are currently: £2,000

Location
Our client’s have an ideal out of town location in the centre of a small park surrounded by residential properties, mixed retail/commercial.

Other businesses include a Co-Op, tanning, cafe, fishing tackle and a ladies fashion shop. There is parking for 4 – 5 vehicles immediately in front of the shop and there is a large free of charge car park next door.

Nearby towns include Nuneaton, Bedworth, Hinckley and Coventry. The area has excellent road links with the M1, M6, M69 and A5 all being nearby.

Expansion potential
The business is clearly run efficiently but still offers excellent scope to increase both sales and profits in the future by: 1. Advertising more in nearby towns 2. Offering a larger furniture selection 3. Opening on a Sunday 4. Increasing the scope of its own web site 5. Having storage facilities at the side of the existing premises

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