Asking price: £626,000

Sales revenue: £796,300

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Advent business Sales are delighted to offer to the market this luxury bespoke fitted furniture retailer operating from a beautifully designed showroom facility.

Our client is part of an international group which has become the national market leader for luxury bespoke furniture. They cover a 50 mile radius within central England.

At present, there are eight showrooms within the UK, all independently owned of which this one is offered for sale. Included in the sale is the showroom, customer base and the goodwill reputation

Luxury kitchens, bedrooms Architectural planning, offices and bathrooms are all individually designed to individual customers requirements.

Average installation values are in the region of £80,000 and take approximately 8 weeks to complete.

The customer base tends to be the very top end. Customers that have used the services of our clients, tend to repeat on other parts of their homes.

The business is involved in the design with artists impressions and the installations of the materials, which are made in the UK head office manufacturing unit. Materials used are of the best quality.

About 12 to 15 installations are conducted per annum.

The business is not a franchise. The only relationship is of a showroom specialising in a luxury brand name of international importance aimed at the ‘glamorous’ end of the market.

The business would ideally suit an individual who is used to selling to the higher end of the market.

The head office is responsible for all national advertising which is conducted in many of the luxury home magazines. They subsidise any local advertising.

Employees: The business is staffed by the vendor who is involved in ordering raw materials and installation, 1 artist, 1CAD designer 1Adminstrator, 1 fitter plus 2-3 subcontractors as and when required

Trading hours: Mon –Fri 9.30am -5.00pm Sat: 10.00am -4.00pm All other times by appointment only.

Property: Leasehold

Lease terms
TENURE: Leasehold Original lease: 10 years Remaining lease: 1year (to be reviewed) Rent: £25,900 We are advised that the annual business rates are currently: £6,555

Location
Our client is conveniently situated within East Midlands with access to the M1 motorway network

Expansion potential
Experience in this field would be advantageous, and the owner is willing to conduct a 3 month hand over period on a part time basis. He may also be open to the idea of working part time thereafter, as a commission agent if the new owners require, subject to negotiation. We recommend early viewing of this rare and genuine opportunity due to retirement. REF: 9285NG

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