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8656DE DERBYSHIRE L\H£175000 RETAIL FURNITURE & HANDMADE PERSIAN RUGS

Asking Price: GBP 175000

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Business Location:	United Kingdom » Derbyshire » DERBYSHIRE

Category:	Retail » Home Furniture & Garden

Description:

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.
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

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Financial Information:

Annual gross sales: (GBP)	267000

Yearly Revenue: (GBP) Total yearly sales revenue	N/A

Net Profit: (GBP) Total profit before taxes	58000

General Information:

Business Area:

Year Established:	2005

Is Relocatable?:	No

Business closed or an asset sale :	No

Is Home based business?:	No

Real estate status:	No

Number of Employees:	2PT

No of trading hours:	Mon – Sat: 9.00am – 6.00pm Sun: 10.00am – 4.00pm

Reasons for selling:	Our client has decided to sell as he now wishes to pursue a different business venture.

Market competition and expansion:	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.

Contact Seller Now

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