Asking price: £180,000

Sales revenue: £500,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Long established business, loyal clientele, turnover approximately £500,000 pa, good gross and net profit, substantial premises, excellent opportunity for further development viewing highly recommended.

Property: Leasehold

Location
LOCATION:
The business is located in a large industrial unit in the East Midlands, conveniently within easy reach of the principal commercial centres of Nottingham, Derby or Leicester, and with excellent links to the M1 and M42 motorways.

BUSINESS:
The business, which has a large loyal customer base, has been trading for almost 20 years with the same owners, who now wish to retire and therefore offer this business, along with its excellent reputation, for sale.
The business trades principally in artificial flowers and plants, pottery, glassware, candles, giftware, occasional furniture, furnishings and lighting, interior accessories and florists sundries.
The turnover is approximately £500,000 p.a. with good gross and net profits. Further financial information is available to serious applicants post viewing and after having completed a non disclosure form. Proof of funds may also be required.
In our opinion the business has huge potential for developmental expansion, including local deliveries, van sales, e-commerce, mail order and by extending the current opening hours. It is with this in mind that the business is offered at a competitive price and viewing is highly recommended.

BUSINESS PREMISES:
The premises consists of a large industrial unit with a modern feel to it. The warehouse is well stocked with free standing shelving for ease of movement within the building. The sales area measures some 5000sqft with ancillary offices and stock rooms to the rear of the ground floor. There are two further sales areas to the first floor and a large meeting/conference/training/demonstration suite to the rear of the first floor, running the whole width of the building. A customer service area is situated at the entrance to the warehouse.

PRIVATE ACCOMMODATION:
There is no private accommodation included with this sale.

RATES:
The rateable value of the business premises is £28,250 with rates of £13,051.50 payable in 2008/9.

TENURE:
The premises are available leasehold. The current lease was for 10 years and commenced 25th December 2000. We understand a new lease is available by negotiation.

HOURS:
The business currently operates on a 5½ day trading week.

STAFF:
The business is operated by the Vendors with the assistance of 1 member of full-time staff, and 4 members of part-time staff.

STOCK:
The vendor informs us that the value of the stock was £62,398 at the last stocktake in December 2007.

GUIDE PRICE:
The vendors are seeking £220,000 plus stock at valuation, for the Leasehold, Fixtures and Fittings and Goodwill, subject to inventory.