Business for sale

Business description

Advent Business Sales is pleased to offer to
the market this flat pack furniture
wholesaler, which, although only been
trading for the last 3 years, is very well
established.
The current vendor started the business and
has nurtured it to success but due to other
business interests, is reluctantly selling.
The business comprises of selling
manufacturer overstocks and return to the
manufacturer units, at the end of season
from such as B & Q.
Naturally, buy in price is low and a very
food premium can be charged to the retail
outlets who buy from him.
The retail can sell at a low price thus making
available to the public, affordable flat pack
furniture which will sell well during this
period of recession.
Although the business buys in from only one
manufacturer at present, 3 –4 other
suppliers have voiced their willingness to
also supply.
The owner also has a retail outlet which turnsover approximatel £50,00 pa. He has indicated that this would be available to purchase separately.
This is a highly profitable business base
awaiting a further hungry and motivated
owner to increase the sales; business is at the
moment being turned away.
Stock which is included in the price is approximately £50,000
TRADING HOURS
Mon-Fri: 7.30am – 4.30pm
EXPANSION POTENTIAL
All the growth that has achieved so much in
such a very short time, has come from word
of mouth and recommendation, with
expansion in mind, employing someone on
sales could easily double the turnover.
As I have pointed out before, this is a
business which will be able to grow more
than most in a time of depression, due to the
extreme low cost for its products.
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £220,000
Gross Profit: 54.5%
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
BUSINESS PREMISES
The buildings consist of two 4,500 sq ft
units adjacent to each other, with a
despatching room and office, w/c and
washing facility.
These are extensively racked for purpose.
Windows have steel shutters and there are
steel doors.
There is a 24 hour CCTV system.
With the business there is also two fork
lifts, one gas and the other diesel and a hand
pallet truck.
TENURE: Leasehold
Original lease: ongoing – 3 month
notice
Remaining lease: ongoing
Review every: ongoing
Rent: £851 x 2 units per
month
We are advised that the annual business
rates are currently: £4,500 x 2 units
per annum
VIEWING
Please DO NOT approach the business or its
employees without a prior appointment.
All appointments are to be made via our
office.