Highly Profitable Furniture Shop Somerset For Sale Somerset, United Kingdom Advert ref: FS490A Business description
This is a highly profitable business and the accounts for the last year reveal that this shop had sales of £414,098 producing a gross profit of £186,000. For a working owner or couple purchasing the business an estimated basic net operating profit in the region of £118,000 would be achieved.
This is the profit available after all the basic expenses have been paid, that are common to all operators. It does not, however, take account of personal items, such as bank charges, personal loan interest, owner's drawings, depreciation, etc.
Years established: Established over 15years
Employees: This establishment could be run by the new owners with some part-time assistance. Bearing this in mind staff wages of £20,000 have been estimated.
Trading hours: Monday to Saturday 9.30 am to 5 pm.
Property: Leasehold
Lease terms
We are advised the lease is assignable and the rent is at present £23,859 per year.
Location
The shop occupies a corner site on the approach roads to the town centre. It is easily located and has its own parking area to the front of the premises. This is a sought after location and offers have been received from other traders in the area for the lease of the premises.
The numerous large display windows at ground floor level, allow the extensive range of product to be on continuous display to the public.
Support & training
Help will be given by present owner.
Reasons for selling
There is a genuine reason for the sale of this business. The other business interests of the owner have grown to the point that he has insufficient time to dedicate to his retail interests. Having operated the business for several years he now wishes to concentrate his efforts on the other service industries in which he has become heavily involved.
Financing available
This business should be able to support loan finance, subject to status. For further information, please contact Lakey & Co.
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| | Financial details Asking price: £180,000
Sales revenue: £414,098
Net profit: £118,000
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: Undisclosed Photos 
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