Business for sale

Business description

Established for approximately fifteen years, this business was formed to meet the huge and growing demand for sofa beds that has developed since the mid nineties. One of the leading sofa and sofa bed specialists in the south east this business wishes to sell its very prominent and successful retail outlet to concentrate its efforts on manufacturing – continuing to supply the retail outlet after sale.
Located in a large showroom positioned on a major thoroughfare into one of Hampshire’s busiest commercial centres, the cornerstone to the success of this business is its ability to supply direct from the factory at a trade price - combined with the wide variety of product available – a major competitive advantage over comparable retailers. Customers can select from literally thousands of different fabrics and leather or supply their own fabric, if preferred. Many of the major fabric manufacturers are represented by this business including Morris & Co, Swaffer, Blendworth, Sanderson, Monkwell and Romo – many on a geographically exclusive basis. There are between thirty five and forty different styles of sofas and sofa beds always available, with a constant revamping of the range. Different sizes, different folding mechanisms, types of cushion, types of feet and the various ancillary items on offer, means literally tens of thousands of combinations!
Working very closely with the manufacturer, the new owners of this business will be in the ideal position of controlling the entire sales process ensuring not only that the customer can get exactly what they want – but also within time scales that the vast majority of retailers can only dream of – with many customers receiving models, even bespoke designs to accommodate different sizes for example, within seven days from order.
With its prominently located retail base and traffic to the outlet generated via the business’s informative and easy to navigate website, this business draws customers from a very wide geographical area. Most shop orders result in deliveries within a 30 mile radius, whilst web enquiries can generate sales from all parts of the UK.
This business offers a high level of personal service and customer care. As one of the few specialists in the sector, the business offers unrivalled expertise and assistance to customers in choosing the right sofa or sofa bed for their requirements.
With retail sales of approximately £325,000 for the current financial year, generating a gross profit of approximately £115,000 and a pre-tax net operating profit of £30,000, this represents an excellent opportunity to acquire an established, market leading retail outlet with secure lines of supply in a continuously expanding marketplace.