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For sale: highly successful and profitable small upholstery and soft furnishings business based in the affluent Cotswolds Gloucestershire
Due to imminent semi -retirement and relocation out of the area for family reasons we are looking for a buyer to take over our successful, profitable, small upholstery and soft furnishings business, which is currently based in the Cotswolds, Gloucestershire, but could be re-located within our customer catchment area. We currently have a healthy order book with an excess of £30k of work going forwards so a new owner could literally take over and be profitable from day one. There is also much potential for growth by offering simple upholstery teaching which we are often asked about but don't currently undertake.
Trading and profits have increased steadily year on year since start up in 2011 showing a turnover of £169,000 last financial year, 2016/17, with a gross profit of £130,00 and net £58,000. Similar figures are expected for this financial year.
The sale includes the website which ranks highly on searches, all tools and equipment, stock, goodwill, customer base, forward orders, pattern books etc. We employ one extremely skilled upholsterer experienced in both traditional and modern reupholstery and French Polishing.
The business is currently managed and run by a hands-off owner who liaises with customers from initial enquiry, does site visits, quotations, collections and deliveries and fabric sales etc so a new owner would not necessarily need to be a hands-on upholsterer or could be an inexperienced upholsterer. This role would obviously need to be taken on by a new owner or employed 'manager'. The soft furnishings, curtains, blinds etc side of the business has very recently been scaled back but could easily be re-introduced.
We feel this sale represents a truly great opportunity for someone wanting to walk straight into their own business without all the hassle and expense of starting up from scratch. *** Must be sold by the end of March and therefore we are looking for a nominal purchase price of just £30,000 OVNO *** We are happy to include a month of handover within the price if required.
Workshop located within farm units in a rural location. The business is currently situated in a location approx 6 miles from the nearest town but at the side of a busy A road. Many new customers contact us as having seen us because they were 'passing trade'.
Relocation and retirement
Mon - Fri business working hours 9-5
One month support and training handover period
May be willing to enter into a financing arrangement by mutual agreement
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