Stylish Home Accessories Showroom & Online Store in Rutland

Oakham, Rutland
REF: INT1762

Asking Price:
£15,000
Annual Turnover:
£104,000
Annual Net Profit:
TBC
REF: INT1762
Photo of Stylish Home Accessories Showroom & Online Store in Rutland
Photo of Stylish Home Accessories Showroom & Online Store in Rutland
Photo of Stylish Home Accessories Showroom & Online Store in Rutland
Photo of Stylish Home Accessories Showroom & Online Store in Rutland

Overview

Tenure:
Leasehold
Established:
2021
  • Excellent Reputation
  • Huge Growth Potential
  • Low Overheads

This is a unique opportunity to acquire a stylish home accessories showroom, which operates from a brilliant location in Rutland, as well as selling through their online store.

The business first opened in the April of 2021 and has grown significantly since its creation, whilst also gaining an excellent reputation and an established market presence.

Initially, the business mainly focused on offering customers a wide selection of window shutters, however, the company has since relaunched and now provides an extensive range of products, which includes flooring, soft furnishings, home accessories, and much more.

The company has only been operating for a short period of time but has experienced exponential growth and huge success. There is massive scope for the new owner to continue expanding and developing the business, as there are several potential growth avenues to explore.

Their loyal clientele currently comprises locals and regulars, alongside tourists and passing trade. There is an enormous opportunity to expand the client base on a national basis through the company’s online store.

Many of their products have a good mark-up, which should provide plenty of revenue for the new owner. With low overhead costs and huge potential for growth, this brilliant business would be the perfect opportunity for someone with an eye for home accessories.

The business has a prime location in the busy market town of Oakham, in Rutland, with a high rate of passing footfall, which should ensure plenty of passing trade for the new owner. The town also benefits from a large volume of tourism. The showroom is brilliantly positioned on the corner of the Market Place and High Street, and even has nearby parking. The attractive stone-built property is popular with both tourists and locals. Upon entry, you will see a showroom, with a storage area at the back. There is also a toilet and sink towards the rear of the premises. The property does also have a second storage area, which could easily be converted into extra retail space.

The lease first started on 23rd September 2020 at £12,000 per annum and lasts for 6 years, with a break clause after three years.

The new owner is happy to provide an initial transitional period, in order to ensure there is a smooth and efficient business handover.

This thriving business would be the perfect opportunity for someone, who has an eye for home accessories.

There is huge potential for growth with this business, as there are three different avenues to explore. First of all, there is massive scope to further extend opening hours from 10 am to 4 pm, as well as open the showroom 7 days a week, which should generate more revenue. Secondly, it would be a great idea to promote sales through the online store, which could be done by having a more active presence on social media. Finally, the new owner could choose to convert the storeroom into extra retail space.

The brilliant, easy-to-use online store is already set up and is ready for the new owner to maximise its huge potential. Furthermore, the business has 700 followers on Instagram and 250 followers on Facebook, which act as excellent sales windows for the business. It would be highly beneficial for the new owner to continue growing these platforms.

Features

Key Information

  • Sells Online: Yes
  • Products Sold: Homeware

Online Presence

  • Facebook: Yes
  • Instagram: Yes

Location

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  • High Street Location
  • Close to Local Businesses
  • High Footfall
  • Nearby Car Parking

Property

Annual Rent
£12,000
Annual Rates
TBC
Lease Term (Years)
5
Lease Expiry (Years)
2027
Accommodation Included
No
EPC Rating
TBC

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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