Business for sale in United Kingdom - 8656de-derbyshire-leasehold: £175,000 + sav-retail furniture & handmade
| Asking Price: | 175,000 £ |  |
Real Estate: | Lease |
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| Sales Revenue: | 267,000 £ | ||||||||||
| Net Profit: | 58,000 £ | ||||||||||
| Year Established: | 2000 | ||||||||||
| Employees: | 2FT, 2PT | ||||||||||
| # of family members employed: | Not Disclosed | ||||||||||
| Location criteria: |
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Business types:
Retail
Business categories:
Furniture Stores
Business description
THE BUSINESS
Advent Business Sales is delighted to offer
to the market this quality retailer which has
been established within the town since the
turn of the new millennium.
It has been in its present prime location for
the last three years.
Our client has decided to sell as he now
wishes to pursue a different business
venture.
Many visiting customers have described our
client’s premises as ‘an Aladdin’s Cave’
which opens up like the ‘Tardis’.
The business retails a vast array of quality
pine and oak including bedroom and kitchen
fitments made to the customer’s own
specification. They also retail a huge range
of fireplaces, suites and beds. On offer as
well, is a comprehensive selection of Rugs
and carpets which have been sourced
worldwide, and the vast selection of
antiquities of both English and French
origin.
The business is staffed by the vendor and his
partner with the assistance of two part time
staff.
Stock at cost is the region of £125,000. The
vendor has informed us that the Persian
carpets account for £80,000 worth of stock
at cost. If a new owner did not require the
rugs the vendor is prepared to take them
with him as they increase in value.
We highly recommend viewing of the
premises to truly appreciate the size, nature,
scope and potential as few words can
accurately reflect the premises.
The owner is willing to conduct a detailed
hand over period subject to negotiation.
EXPANSION POTENTIAL
The vendor has informed us that there is
huge scope to more than double existing sales
by advertising more, having a different
layout as well as conducting different
promotions together with charging for
deliveries.
A better display for the hand made Persian
rugs and carpets would impact sales
immediately.
A truly impressive business in the right
location that has to be viewed to fully
appreciate it.
TRADING HOURS
Mon – Sat: 9.00am – 6.00pm
Sun: 10.00am – 4.00pm
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £267,000 (ex VAT)
Gross Profit: £98,000
Net Profit: £58,000
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
Additional information
| Additional information: | Not Disclosed |
|---|---|
| Support & training: | Not Disclosed |
| Reasons for selling: | NA |
| Financing available: | Not Disclosed |
| Inventory / Stock value: | Not Disclosed |
Real Estate
| Ownership: | no |
|---|---|
| Lease: | yes |
| Lease terms: | TENURE: Leasehold Original lease: Renewable Remaining lease: TBC Rent: £19,500 P.A. We are advised that the annual business rates are currently: £1,500 |
| Location: | Our client is located in a quality upmarket village. The business is situated on the main high street which has many quality antique dealers. The market town is a major tourist attraction and is known as the gateway to the Peak District. The location provides convenient access for Leicestershire, Derbyshire, Nottinghamshire, Uttoxeter and Stoke. The locality is frequented regularly by tourists from London who often place repeat orders with our client. |
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