Asking price: £200,000

Sales revenue: £1,000,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
The business was acquired by its present directors in 1989 and became a Ltd company in 2001.
Since when it has established itself as one of the foremost UK wholesalers supplying an all encompassing range of upholstery and soft furnishing components and fabrics to trade customers right across the country. It has built an active customer base of around one thousand five hundred clients including re-upholsterers, soft furnishers, antique restorers, curtain fitters and high street shops. Larger customers include a number of health authorities and colleges of further education."
This is a niche market operation within the home improvements sector and it has shown consistent growth over recent years allowing the business to expand in line with demand and acquire well presented and spacious premises.


Equipment:

The company has invested in Dataflow 32 software that it uses to control the datbase of suppliers, stock deliveries, accounts and invoicing.

Customer Service:

One of the many benefits of having a long serving workforce is the depth of knowledge that they acquire and the relationship they build with customers and customer’s staff. As such the whole company operates on a much more personal level that an ordinary sell and invoice operation.
The net result is a loyal and stable client base that also acts as a good advertising medium by giving frequent referrals.

Key Strengths:

Long established
Excellent reputation
Superb staff
Good stock levels for fast delivery
Large customer database
Niche market
Financially sound

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Years established: 1989

Employees: There are five full time staff including two directors and thirteen part time staff One operations manager Three warehousemen / Drivers Three drivers Two warehousemen One part time sales rep Five part time admin staff One part time cleaner

Property: Leasehold

Lease terms
The premises are owned by the directors and are available to lease at a rental of £41,000 per annum or to purchase at market valuation.

Location
The premises are owned by the directors and are available to lease at a rental of £41,000 per annum or to purchase at market valuation.

The premises occupy a plot of approximately half an acre and are located within twenty minutes drive of the M5 Motorway. There is ample parking.

Internally the square footage totals circa 900sq metres and includes reception, warehousing, offices, kitchen and a mezzanine.

Expansion potential
There is considerable growth to be had in the home furnishing sector as households refurbish and update on a far more regular basis than previous generations. In the present climate families are remodelling their existing houses rather than move. Both of these situations provide the business with a sound platform for expansion.

Competition / Market
The business has its own web site and advertises in the main trade journal and antique restorers' magazine.

Support & training
It is extremely important to the directors that the business continues to flourish and the staff remain with the company. It will therefore be a high priority for them to ensure a smooth and professional handover of the business for a period to be agreed as part of the overall negotiations.

Reasons for selling
After a long and successful career the directors would like to take their retirement.