The business is a recognised provider of a wide range of personal & household goods, ranging from small individual items such as jewellery, ornaments, books, CDs, cameras, to large items such as sofa beds, armchairs, dining suites, lounge suites, sideboards, TVs, HiFis, cookers, automatic washers, tumble dryers, fridges and freezers, antiques and collectables.
At present, customers bring in items they wish to sell and the business will showcase the product and take a 30% charge once the item sells. The owner pays 7.5% VAT to the revenue on the 30% he charges.
The furniture store operates from a large, end-terrace property. Customers enter directly into the showroom with products displayed throughout and a front desk for customer transactions. Also on this floor is an office, a spacious backroom which is currently utilised for storage, and toilet facilities. The current lease is renewable in September 2024.
The business has built an excellent reputation and customer base which has resulted in a turnover figure consistently exceeding over £200k on an annual basis.
By enhancing digital marketing and advertising there is a huge scope of growth to be made. The business comes with an established website, which is both informative and updated with the latest stock. However, the design for the website is minimalistic. There is a strong opportunity to reform the online presence to have a more current, aesthetic design which could further increase its already large consumer base. There is also the option to add an e-commerce section to the website for ease of access.
The vendor is also willing to stay on for a negotiable time period and would even consider staying on 2 days a week if needed.