 | Really Lovely Furniture Retailer For Sale Norwich, Norfolk, United Kingdom Advert ref: F.0.375.NSC Business description
The attractive showrooms house a comprehensive and attractive range of home furniture and furnishings that are professionally displayed and sold for the living room, dining room and bedroom.
The company designs its own range of contemporary style dining and bedroom furniture.
The business boasts a large UK wide customer base and in addition to the sales from the showroom has the added advantage of online sales via the website.
Full details are available on request.
Years established: Well established and has been in the present ownership for 10 years.
Employees: The business is presently run by a working partnership supported by one full time and two part time staff in the workshop. One partner is full time in the showroom. Additional staff is taken on from time to time as necessary
Trading hours: Monday to Friday inclusive 10am to 5pm. Saturday 9am to 5pm.
Property: Leasehold
Lease terms
The vendor advises that the showroom premises are occupied by way of a 20-year lease from 1996 at a passing rent of £33,000 pa plus vat subject to 5 yearly rent reviews.
The workshop and warehouse premises are held under an ongoing agreement at a passing rent of £19,000 pa that is subject to three months notice.
Location
The retail showroom occupies an excellent city centre location in a prime shopping area with high footfall close to multi national retailers. The workshop and warehouse premises are located on an industrial estate approximately 10 miles from the city centre.
Expansion potential
The present owner now wishes to pursue other business interests and the sale of this business now represents an excellent opportunity for new owners to acquire an established business that still has lots of potential particularly in terms of developing online sales and broadening the range of products. The present owner feels that the business would particularly suit a working partnership.
Support & training
The present owner is willing to work with a new purchaser to ensure a smooth handover.
Reasons for selling
The present owner now wishes to pursue other business interests.
Financing available
Independent Commercial Business Broker available to assist with finance.
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| | Financial details Asking price: £375,000
Sales revenue: £480,000
Net profit: < £100k
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: Undisclosed |
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