IK165 -Wholesaler and Retailer of Home Furniture & Accessories
Business for sale
Asking Price:
£175,000
Turnover:
£650,000
Annual profit:
£348,000
Audited accounts:
Yes
Management accounts:
Yes
Years trading:
8
Employees:
No
Photos:
No
Ownership:
Sole trader
Business description
This award winning business was founded in 2000 by the Vendors with a generous combination of innovative insight and entrepreneurial spirit and has grown since to become a significant enterprise supplying trade & retail customers on a daily basis with up to date styles from its in-house design unit and has developed a reputation for the quality of its products, flexibility of service and reliability.The business operates from a prime location in Cambridgeshire and has established itself as one of the region’s leading independent furniture wholesalers and popular retailers. Many current customers have been loyal to the business since the beginning and this has been due in no small part to the business’s competitive prices, product bundles, quality products, first class service and attention to detail.
The business has been established on the basis of the pursuit of excellence, installing new technology, constantly reviewing and updating its service commitment and its methods of business, for example its inventory management system, ensuring that valued customers receive the very best service and quality of product.
The business has shown itself to be resilient in the face of competitive and economic forces and has maintained strong growth over its nearly 8 years of trading. The business is further supported by exemplary relations with key suppliers who have helped to ensure that whatever the specialise requirement for products, service and availability is never compromised and that customers are as a result never let down. This commitment to supply chain relationships has underpinned this business’s abilities in product quality and sustained business growth.
A key component has been customer service and the showroom environment, where the reputation of the business can be made or lost. Understanding this has meant that the business has prioritised this area such that it represents the highest quality presentation of its range of products in the clearest and most concise manner.
Product line are often manufactured exclusively for this business who further benefits from very loyal and knowledgeable staff, which combine with the regular updating of product lines, responsible for the close relationships enjoyed by this business with its customers.
The business is an excellent opportunity for any investor seeking an opportunity to invest in a successful business that has an in depth knowledge about their products and significant scope for property development income.
