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Business for sale in United Kingdom - Ag104-retail furniture store-cheadle, gtr. manchester

Asking Price: 140,000 £ Real Estate: Lease
Sales Revenue: 304,000 £
Net Profit: 1 £
Year Established: 2007
Employees: 1FT, 2PT
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/City and Borough of Manchester/Cheadle, Gtr. Manchester

Business types:

Retail

Business categories:

Furniture Stores ; Other Retail Trade

Business description

this is a well run, all year round, family business which was established from new in 2007. The owner, who has years of experience in the furniture industry, had a very strong knowledge of the local market. He has carefully chosen ranges of stylish dining room & lounge furniture which meet the exacting taste of the local clientele. The majority of the stock are from contemporary designs with a number of both leather and fabric suites, plus glass top tables and accessories such as lamps and pictures. Other lines, include an exclusive italian collection and home office furniture. The showroom is beautifully appointed with the collections being set out in room sets, giving their clients the vision of how their own home can look. An average purchase in this outlet would be circa £1,000 per dining room and £1,500 for upholstery. The owner invested heavily from the beginning in re-furbishing and transforming the building into an elegant showroom. With his experience he chose carefully and invested into quality stock to give customers a first class selection of furniture to choose from. After three years of hard work and investment, the business is now on a firm footing. It is in a perfect position for someone to drive the business forward and reap the benefits that the owner has laid down for them. There is plenty of scope and opportunity to expand the business within the showroom with ample space to introduce other household furniture items such as beds and bedding etc. Equipment: all fixtures, fittings and stock are included in the sale of the business. Customer service: the business is open monday – saturday 10.00am – 5.00pm and on sundays between 11.00am – 4.00pm. They offer a delivery service and the company have developed an on-line catalogue which allows customers to browse through their furniture ranges from the comfort of their own home. Key strengths: this is a superb location right at the entrance of a busy retail shopping area. The store has a highly prominent position with large display windows, which cannot be missed by the regular daily passing traffic entering the retail park where you will find b & q: t k max: comet and halfords. In addition for the convenience of the customers the store has it’s own customer car park. . The retail shopping outlet is in the middle of some of the most affluent areas in the uk and the owner has carefully chosen the furniture ranges which suit the local clientele. They buy their stock mainly in the uk, some directly with the manufacturer and other stock from wholesalers. They have an exclusive north west agreement with the company who manufactures the italian collection. After such a short while trading, customer referrals and recommendations are a huge part of their business and the company spends a small amount of money on local advertising. Growth and expansion: with such a highly visible site, turnover grew quickly from the start and has been consistent even allowing for the current economic climate. The showroom has spare capacity for new owners to introduce other furniture ranges. There is no other bedding company in the area and they are often asked for beds and bedding in the store. There is also the potential to stock curtains within the shop. All of these items would fit in perfectly with the mix of the business and the showroom has the space available to accommodate such an increase in merchandise.

Additional information

Additional information: Not Disclosed
Support & training: The owner would be happy to help with a smooth transfer of the business in any way possible.
Reasons for selling: The owner worked in Furniture manufacturing for a number of years and an opportunity, has arisen for him to return and work in this side of the industry once again.
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: no
Lease: yes
Lease terms: The lease runs until 2017 with a break clause active in 2012. Rent is £57,600 per annum with rates of £17,000 per annum.
Location: The business runs at present from a leasehold circa 7,000 square foot retail unit in a retail shopping estate in Cheadle, Greater Manchester. The lease runs until 2017 with a break clause active in 2012. Rent is £57,600 per annum with rates of £17,000 per annum. The showroom is over two floors and there is an office and toilets on the ground floor. The company lease out a circa 1,300 square foot warehouse space nearby for bulk storage which has all in rental and services costs of £11,000 per annum.

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