Long Established Profitable Furniture Retail in West Midlands
West Midlands
Advert ref: 1752TRB
The Business Partnership are proud to be marketing for sale this independent, long established and highly profitable Furniture Store located in a West Midlands City.
The business has supplied mid-market furniture, beds, mattresses, carpets, upholstery and other home furnishings from this location for more than 30 years.
The brand has been carefully positioned to appeal to a wide customer base throughout the region.
The business has introduced an e-commerce capability to the business with an online store now generating circa 10% of the sales per annum and has 3 contract cleints.
Current turn-over level is £530k (ex-VAT) per annum providing an adjusted net profit for our client of circa £60k per annum, working on a part-time basis.
The 7500sf premises are held on attractive lease terms at a current rent payable of only £32,500pa.
For further information, please click through or contact The Business Partnership Birmingham and Warwickshire office directly.
The business has supplied mid-market furniture, beds, mattresses, carpets, upholstery and other home furnishings from this location for more than 30 years.
The brand has been carefully positioned to appeal to a wide customer base throughout the region.
The business has introduced an e-commerce capability to the business with an online store now generating circa 10% of the sales per annum and has 3 contract cleints.
Current turn-over level is £530k (ex-VAT) per annum providing an adjusted net profit for our client of circa £60k per annum, working on a part-time basis.
The 7500sf premises are held on attractive lease terms at a current rent payable of only £32,500pa.
For further information, please click through or contact The Business Partnership Birmingham and Warwickshire office directly.
Key features:
- Fabulous Independent Furniture Store
- 30 Years Successful Trading History
- Enviable Reputation Throughout the Region
- 7500sf Retail Premises, Great Location
- Turn-Over £530k (ex-VAT) and ANP £60k
- Excellent Team of Professional Staff
- Retirement Sale!!
Property Details: Leasehold
Asking Price: £120,000 + Net Assets (Leasehold)
Turnover: £533,000 Annual
Reason For Selling:
Our clients have decided that retirement is looming and are reluctantly offering the business for sale in order to facilitate their plans.
Financial Details
- Leasehold: £120,000 + Net Assets
- Turnover: £533,000 Annual