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7039NG NOTTINGHAMSHIRE L/H £40,000 FURNITURE RETAILER
Asking Price:
GBP 40000
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Business Location:
United Kingdom » Nottinghamshire » NOTTINGHAMSHIRE
Category:
Retail
»
Home Furniture & Garden
Description:
Advent Business Sales have been
instructed to offer for sale this well
established and profitable business.
Established 7 years ago by the vendor,
it is now reluctantly offered for sale
due to the vendors other business
commitments.
The business currently offers a range
of beds and bedroom furniture, sofas
and sofa beds, dining furniture and
recently garden furniture.
Deliveries are currently offered free to
the local area.
There is a website included in the sale
which currently shows a comprehensive
range of goods available. The business
is also advertised minimally in local
press.
A 3 ½ tonne Luton van is included in the
sale for deliveries and goods are
currently sold to both the general public
and the trade.
This is a successful business mostly
generated from word of mouth and
passing traffic and there is still
excellent potential for further growth
with local advertising
STAFF
The business is currently staffed part
time by the vendor plus a part time
member of a sales team and a part time
delivery driver.
TRADING HOURS
Mon – Sat: 9.00am – 5.00pm
Sun: 10.00am – 4.00pm
FINANCIAL INFORMATION
We have been advised by the vendor of
the following:
Turnover: £123,620
Gross Profit: £65,616
Net Profit: £28,251
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.
BUSINESS PREMISES
A brick built modern industrial unit with
the added security of manual roller
shutters and night security patrols and
consisting of the following:
Ground Floor
? Approximately 1250 sq ft consisting
of main showroom area
? Office to rear
? W/c
External
? Tarmaced to front
? Parking outside unit plus 2 further
allocated spaces
TENURE: Leasehold
Current Lease: 3 years
Lease Remaining: 1 year and 3
months
Review every: 3 years
Annual Rent: £5,280
We are advised that the annual business
rates are currently: £108.00 per
month
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Financial Information:
Annual gross sales: (GBP)
N/A
Yearly Revenue: (GBP)
Total yearly sales revenue
123620
Net Profit: (GBP)
Total profit before taxes
28251
General Information:
Business Area:
Year Established:
2001
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 – 5.00pm
Reasons for selling:
sale due to the vendors other business commitments.
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