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8984S NOTTINGHAMSHIRE L/H £150,000 TWO RETAIL BED SHOPS
Asking Price:
GBP 150000
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Business Location:
United Kingdom » Nottinghamshire » NOTTINGHAMSHIRE
Category:
Retail
»
Home Furniture & Garden
Description:
Advent Business Sales is pleased to offer to
the market this extremely well established
bed shop business, which has been trading
successfully for the past 24 years.
The current vendor has been in continuous
ownership since its inception but is
reluctantly selling due to a requirement to
move abroad.
The business is in the enviable situation of
being the only local suppliers of such names
as Silent Night, Slumberland, Komfi, Rest
Assured, Myers, Dream Works, Dunlapillo,
OBC and Metal Beds Co, giving it almost
monopolistic situation with some of the
biggest brand names.
They have a fantastic local customer base,
which extends some 10 – 15 mile radius of
both shops.
The shop supplies not only beds but also
headboards, mattresses and pillows from the
mid range to the more premium products.
The ‘bed’ business is fortunate to be an ‘all
year’ sales opportunity and the positioning
of both these shops has very little
competition locally.
The business has high annual sales with a
good Gross Profit margin producing enviable
net profits and comes to the market with a
delivery van.
We are advised that stock at cost between
both shops is approximately £37,000.
Three full time employees, including the
vendor, together with 2 employees on the
van full time staff both shops.
REF: 8984S
TRADING HOURS
Mon-Sat: 9am – 5pm
Shop 1
SHOP 2
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £510,169
Gross Profit: 46.5%
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
The main shop is a three storey building, the
business is on the lower two floors and
briefly consists of:
Shop 1
Ground Floor
• Double fronted shop
• Central doorway
• The ground floor is split into lower
front and upper rear showrooms
with a stairway to the left to the
first floor
• Small office at rear
First Floor
• Two front showrooms and staff w/c
• Wash lobby
• Middle showroom
• Rear showroom
External
• Paved to shop roadway
Shop 1:
TENURE: Leasehold
Original lease: 10 years
Remaining lease: 8 years
Review every: 3 years
Rent: £13,500 P.A.
We are advised that the annual business
rates are currently: £5,660
Shop 2
A large double fronted shop with doorway to
the right hand side.
• Lower showroom
• Small office to the rear
• Upper back showroom to the left
Shop 2:
TENURE: Leasehold
Original lease:
Remaining lease:
Review every:
Rent: £6,000 P.A.
We are advised that the annual business
rates are currently: £2,770
VIEWING
Please DO NOT approach the business or its
employees without a prior appointment.
All appointments are to be made via our
office.
REDUCED FOR A QUICK SALE
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Financial Information:
Annual gross sales: (GBP)
510169
Yearly Revenue: (GBP)
Total yearly sales revenue
N/A
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:
Business Area:
Year Established:
1984
Is Relocatable?:
No
Business closed or an asset sale
:
No
Is Home based business?:
No
Real estate status
:
No
Number of Employees
:
04FT
No of trading hours:
Mon-Sat: 9am – 5pm
Reasons for selling:
reluctantly selling due to a requirement to move abroad
Contact Seller Now
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