Beds And Bedroom Furniture Store For Sale

Business description

THE BUSINESS:
Advent Business Sales are pleased to offer to the market this extremely well established and popular bed store.

Founded by our clients in 1988, the business is only now being reluctantly offered for sale to enable them to pursue an alternative unrelated business venture.

The business has an excellent local reputation with many customers returning years later for replacements.

They offer new beds in standard or special sizes, storage, divans, mattresses, headboards, bedsteads, electric beds, bedroom furniture and memory foam mattresses.

They offer a great choice from many of the UK’s leading manufacturers including:
• Myers
• Rest assured
• Hypnos
• Dunlo pillo
• Airsprung

The business operates within an approx 20 - 30 mile radius of its showroom and in total has 4 staff. 1 vendor works full time with another working 3 days per week. In addition, they have 2 part time delivery drivers who each work 1.5 days per week. The business runs on very minimal overheads.

We are advised that stock at cost is approx £12,000.

Advertising is via Yellow Pages, local web sites and every other week in local newspapers.

Sales are up by 40% year on year to end of August 2009.
REF: 9267CV

There is the option to buy the freehold upon separate negotiations

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold
Original lease: 15 years
Remaining lease: 10 years
Review every: 5 years
Rent: £15,000 P.A.

We are advised that the annual business rates are currently: £2,000
Freehold is available separately

Location:

Our client’s have an ideal out of town location in the centre of a small park surrounded by residential properties, mixed retail/commercial.

Other businesses include a Co-Op, tanning, cafe, fishing tackle and a ladies fashion shop. There is parking for 4 – 5 vehicles immediately in front of the shop and there is a large free of charge car park next door.

Nearby towns include Nuneaton, Bedworth, Hinckley and Coventry. The area has excellent road links with the M1, M6, M69 and A5 all being nearby.

Premises details:

Modern single storey premises briefly consisting of:

Ground Floor
• Centre entry door from pavement with wide display windows
• Fully carpeted showroom split into 4 sections with different types of beds in each
• The whole premises were totally refurbished in 2006
• Slat wall system with hanging pictures and headboards
• Rear reception desk
• Back kitchen and w/c
External
• Ample free of charge parking next door to the premises
• The premises have the added benefit of being double glazed and being alarmed

Other information

Expansion potential:

The business is clearly run efficiently but still offers excellent scope to increase both sales and profits in the future by:
1. Advertising more in nearby towns
2. Offering a larger furniture selection
3. Opening on a Sunday
4. Increasing the scope of its own web site
5. Having storage facilities at the side of the existing premises

Trading hours:

Mon-Sat: 9.00am – 5.00pm
Sun: closed

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