Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Sold. Furniture Business For Sale
LISTING DETAILS
Firms For Sale ID:
34108
Vendor reference:
AG142
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£850,000
Turnover / revenue:
£1,735,000
Net profit / cashflow:
£150,000
Years established:
5
Trading hours:
7 days a week
Number of employees:
5
Employees / staffing:
There are 3 shareholders in the company. Only one of the directors works on the business on a part/full time basis, the other two operating remotely on an ad-hoc basis due to other business commitments.
The business has carefully constructed an excellent team of staff who run the business on a day to day basis. The business employs a General Manager, Two Operational Managers and a Merchandiser as well as team of both part time and full time experienced sales/design personnel and administrative staff.
OTHER DETAILS
Reason for selling:
The vendor has other interests and offers he now wishes to pursue.
Support and training:
The vendor will provide a comprehensive handover period to ensure a seamless transition of ownership. This should be a relatively simple process as the business has key members of staff employed at all levels.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
Contemporary Home Furnishings and Interior Design Retail Superstore
Ref.AG142
Location North Lanarkshire/Greater Glasgow, Scotland
Asking Price GBP 850,000
This dynamic, profitable and desirable home furnishings retailer was set up back in 2010 by the current owner as a well balanced retailer of home furnishings and furniture.
Over time the business has evolved in response to market demand and demographics into a highly contemporary retailer offering high quality unusual and highly individual product lines that are unavailable elsewhere in the market.
As part of its unique product offering the business provides its customers with in house interior design and advice and staff are able to construct individual packages tailored for customers own homes using a mixture of instore and catalogue bespoke products to create a look clearly not from a mass market retailer!
The company has created a truly unique shopping experience and an offer which is individual and different from many of the national home decor retailers currently trading on large retail parks. This retailer presents room sets comprising bedroom and dining furiture with matching art, soft furnishings, wallcoverings, lighting and finishing touches enabling customers to purchase the full package in one visit.
The store has become renowned in the region and beyond as a destination retailer and is located on a highly prominent and accessible retail park in an area that boasts very high levels of disposable income.
It is highly profitable and has scope for further development
Expansion Potential
The business is well established and enjoys an incredibly loyal customer base. There is room for continued growth at the current site and the existing model could easily be replicated at other sites. The business should be considerably enhanced by the introduction of a fully functioning and trading e-commerce website. It would also benefit from a presence on social media as many of its customers already use this form of media to tell friends about this truly unique retailer.
Market / Competition / Non-Competition Agreements
As already mentioned the company has a fabulous reputation and a growing loyal customer base who provide invaluable word of mouth recommendations and referrals. The company does no traditional forms of advertising but does have a basic website that is in need of development to maximise revenues. It could certainly benefit from a more strategic marketing plan and the development of its existing customer base.