Bed/furniture Retailer Warwickshire for Sale
Leasehold : £ 99,750
Turnover : £ 5,769 p.w.
Gross Profit : 33%
This well appointed bed centre is situated in a prominent trading position close to the high street near a busy through road which is located just outside the town centre of Nuneaton. Its position is surrounded by complementary business and is in a highly populated residential area and has a wealth of industry nearby providing a high footfall of passing trade. The business benefits from private parking for 4 vehicles together with communal parking and is close to public transport with the airport only 10 miles away. It has a great central location and is 3 miles from Bedworth, 4 miles from Hinckley and 6 miles from Coventry city centre. It's accessed by the A444 and is in close proximity to the M6, M69, M1 and M42 motorways making this a perfect and easily accessible location.
BED/FURNITURE RETAILER WARWICKSHIRE
Advised annual turnover of £260,000 ex Vat (Approx)
Well established and reputed
Genuine reason for sale
Meridian Business Sales are delighted to offer to the market this bed and furniture retail business which has been established since 1988. The only reason superb business is being offered to the market, is due to our client's desire to concentrate on other business interests. Since the business was established our client has invested time and money in the business and premises a showroom refurbishment in 2015; and have continually developed and improved the business, introducing new lines and income streams which have enhanced the business massively. Our client informs us that the annual turnover currently runs at £260,000 with a gross profit of £85,000 which is derived from the sale of providing leading industry brand named bedroom furniture, including wardrobes, dressing tables, bedside cabinets, bed frames in various materials, headboards and mattresses to name a few. The business offers a free delivery service which enhances the business. The business enjoys a strong reputation within the local community and as such has a high level of regular and repeat trade together with word of mouth recommendations. There is scope to increase trading hours, introduce new ranges of products and advertise further in the local press which may increase income. The business is owner operated with 2 part time staff and our client is happy to provide training during the transition period. Benefiting from a professional website this is a superb opportunity to purchase a premium business with massive scope to develop further and as such early viewing is highly recommended as a business of this calibre rarely stays on the market for long.