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Advert Details

Wonderful Niche Soft Furnishings Shop For Sale

(Ref: GJ2568)

Saltaire, West Yorkshire, United Kingdom

Financials

Asking price: £9,950

Sales revenue: Undisclosed

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Photograph of this business for sale
 

Business description
The Business Partnership is pleased to support the owners of this excellent soft furnishings shop in the sale of their business.

The delightful niche shop sells bespoke cushions and bean bags from its location on an extremely busy high street amongst numerous other complementary retail outlets. The relatively new shop has enjoyed healthy takings from day one and now attracts an ever increasing number of customers as its profile grows rapidly.

Weekly takings are in the region of £1,100, and as the business operates with an extremely high GP of around 70%, this translates to a very impressive net profit for the owners. Combine this with the easy hours and relaxed nature of the business, and it all adds up to a superb lifestyle opportunity.

Having initially set up the business as a short term venture in 2008, the owners are now looking to pursue other interests, and this would be an ideal opportunity for someone with a passion for soft furnishings, interior design or a creative personality to enjoy running their own business and build on the excellent ground work carried out by the vendors.

Employees: The business is currently run by the owners with no additional staff.

Trading hours: Tues 10.00am - 4.00pm Weds 10.00am - 1.00pm Thurs - Sat 10.00am - 5.00pm

Property: Leasehold


Lease terms
We are advised that the business operates on an occupation agreement and is subject to an annual rent of £8,800. We are also advised that the landlord would be willing to negotiate a new 5/10 lease with a new owner. We are further advised that the 2 storey 3 bedroom flat above the shop is currently unoccupied and would also be available as accommodation or office space for an additional £500 per month.

Living accomodation
Above the shop is 3 Bedroom accommodation comprising Lounge, Kitchen, Bathroom & W.C. This has recently been vacated and is also available if required as accommodation or additional office/storage space.

Location
The shop is located at the side of an extremely busy main road in a historic West Yorks village which in recent years has been designated a World Heritage Site. The road contains numerous complementary retail outlets running along both sides of it and attracts many local shoppers along with visitors to the area.

The village is also surrounded by an abundance of picturesque scenery, and is within touching distance of both the Yorkshire Dales and the motorway network.

Expansion potential
Although operating as a specialist outlet at present, there is obvious potential to expand into other areas if desired. In addition, it is also envisaged that the business would greatly benefit from on-line sales derived through the development of a web-site and also from Sunday openings, when the area attracts a significant number of shoppers and tourists.

Reasons for selling
To pursue other interests.


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