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BUSINESS FOR SALE Retail Home & Garden Soft Furnishing

West Midlands Rare Furniture And Design Business For Sale

£40,000.00 (Fixed)

  • West Midlands Rare Furniture And Design Business For Sale
  • West Midlands Rare Furniture And Design Business For Sale
  • West Midlands Rare Furniture And Design Business For Sale
Description
Price : £40,000.00 (Fixed)
Type : Sell
Date : 19th September 2018
Warranty : No
Location : Solihull, West Midlands, UK

RARE FURNITURE AND DESIGN BUSINESS – WEST MIDLANDS

Situated in the tranquil village of Earlswood

Advised annual turnover of £25,000

Low overheads and easy to run

Regular and repeat trade

Ideal lifestyle opportunity

Genuine reason for sale

LEASEHOLD

Location

This rare furniture and design business occupies a prime location within a craft centre in the picturesque village of Earlswood, Solihull which is in the West Midlands. The business premises are situated on a small business park, just off a main through road, with complimentary businesses and shops together with many affluent residential properties close by. Earlswood is surrounded by farm and woodland and the Stratford-upon-Avon Canal runs through it. The village is home to Earlswood Lakes Sailing Club, Earlswood Cricket Club and Earlswood Town Football Club. The business is accessed via the A435 connecting to the M42 and beyond. This is a truly tranquil and idyllic location for anyone wishing to take time out in a rural bolthole.

Business History

Meridian Business Sales are pleased to offer to the market this owner operated furniture and design business which was established by our client in 1998. Only now is the business reluctantly being offered to the market, due our clients desire to concentrate on other business interests. Since the business was established our client has invested time and money in the business and premises to the point where it is in full walk in condition. Currently the business is run at a pace that suits our client’s lifestyle meaning there is massive scope for a new hands on owner operator to further develop the business by increasing trading hours, offering online sales and updating the current website which may increase income. Our client informs us that the annual turnover currently runs at £25,000 with a gross profit of £20,000 which is derived from making beautiful bespoke furniture in all styles, in virtually any material, working from designs provided by both commercial and private clients. Our client enjoys a strong reputation within the local community and with commercial businesses throughout the Midlands and as such has a high level of regular and repeat trade. The business enjoys very low overheads with a rent of just £3,600 pa. The business is easy to run and is currently owner operated; our client is happy to provide training during the transition period. This is a superb opportunity to purchase a premium business in a truly tranquil and idyllic location and as such early viewing is strongly recommended to appreciate the location and potential of the business.

Financial Profile

Turnover: £25,000pa

Gross Profit: £20,000pa

Stock: (Approximately) £2,000

Tenure

We are advised leasehold

Original length: 5 years

Rolling lease

Review: 3 years

Rent: £3,600

Accommodation briefly comprising

The business is located within a craft centre and the accommodation consists of a workshop area and a storage area.

EXTERNAL

Private parking

Roadside parking

 

 



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