Contemporary and Ethnic Lifestyle Furniture and Gifts For Sale

Business description

Turner Butler is delighted to be appointed as sole selling agents for this exciting business opportunity which has never been brought to the market for sale before. This business retails a beautiful range of modern contemporary furniture, lighting and accessories to enhance home and office.

This exciting business offering has traded since 1999 and became incorporated in 2007. Its Principal has brought great flair and innovation to the company and its shop premises are extremely well located, and have great impact from both the exterior and the interior, and will appeal to a wide audience of potential purchasers both private and commercial, looking for a business that is essentially different from the norm.

The business has carved out a somewhat unique niche for itself, and its ever growing customer base return regularly to source that very special and unique piece of furniture’s or gifts, which are individual, diverse and mostly statement pieces. The company has excellent client retention and built goodwill that is second to none.

The shop, as previously mentioned, is very well located in a busy and picturesque pedestrian shopping area of cafes, boutiques and quality independent shops in the heart of this bustling city . Its showrooms are laid out over two floors and the products and pieces within would be very hard to find or source elsewhere, being an eclectic mix of the modern and ethnic items so desirable in today’s interior designs which, in turn provides its customers both existing and new with a tableau of interesting and unique items which change every visit.

The Director of this business has carefully built this business over the years with great passion for what it represents. However, genuine health issues now dictate that the business must be sold. Therefore, the business has been sensibly priced to encourage a smooth and uncomplicated sale.

Equipment:

The company owns and maintains an inventory of equipment, fixtures and fittings. It is envisaged that all such inventory will be included in a successful sales package.

Customer Service:

Due to the very unique nature of its product offerings and the caring and professional help from its staff, the business has developed a truly enviable reputation for its products and services.

Key Opportunities:

The business has aimed to develop an Internet website in recent years. However, the health issues of its Principal have sidelined the project. This will surely be seen as a key area of marketing outreach by a new owner.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Property information

Property:

Leasehold

Lease terms:

Annual rent comes in at circa £ 27,500 per annum, with annual rates coming in at circa £6,850.

Location:

The very attractive leasehold shop premises are located in, as previously mentioned, a key position in the centre of this large city in a busy and picturesque pedestrian shopping area of cafes, boutiques and quality independent shops. The lease runs for 15 years from September ’08 with a 4 year break.

The premises are connected to all main utilities apart from Gas and are laid out over three floors. The ground and first floor are utilised as showrooms with the third floor being used as Stockroom/ Staffroom and toilets.

Annual rent comes in at circa £ 27,500 per annum, with annual rates coming in at circa £6,850.

Other information

Competition / Market:

The company has periodically advertised in local Newspapers and Magazines.

Support & training:

Full support and any necessary training will be provided during handover as part of a successful sale package.

Reasons for selling:

This reluctant sale is a result of genuine health issues.

Trading hours:

Monday – Friday: 9.30am – 5.00pm
Saturday: 9.30am – 5.30pm
Sunday: (Xmas period only) 10.00am – 4.00pm