Furniture Business in Somerset For Sale Somerset, United Kingdom Advert ref: FS491A Business description
This is a profitable furniture business which has been retailing furniture and carpets from this site for over 15 years. It would ideally suit a couple with an interest in furniture wanting to work together with the freedom ownership brings.
This shop is well positioned within the town and the special arrangement with the landlord is a great advantage. Based on the figures provided, the business would be very profitable for a working couple, a further £7,000 in labour could be saved, and yet there are other areas of the furniture trade into which the purchaser can expand
Years established: Established over 15 years
Employees: .This establishment could be run by the new owners with some part-time assistance. Bearing this in mind staff wages of £7,000 has been estimated.
Trading hours: Monday to Saturday 9:30 am to 5 pm
Property: Leasehold
Lease terms
The owner has over the last 15 years developed a very good working relationship with the landlord to the point that we are informed that there is no lease period. The arrangement is such that the tenant has security but can terminate the arrangement with one month’s notice.
Location
Situated in a busy high street shopping area of a popular Somerset town this store has built up, over the last 15 years, a good solid customer base with repeat business forming the lion’s share of the present trade.
Support & training
Present owner will ensure a seamless transfer
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: £60,000
Sales revenue: £151,265
Net profit: £36,569
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: Undisclosed Photos 
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