Furniture Retailer in North Yorkshire

Harrogate, North Yorkshire
REF: 01679

Asking Price:
£29,950
Annual Turnover:
£150,000
Annual Net Profit:
£15,000
Recently Sold
REF: 01679
Photo of Furniture Retailer in North Yorkshire
Photo of Furniture Retailer in North Yorkshire
Photo of Furniture Retailer in North Yorkshire
Photo of Furniture Retailer in North Yorkshire

Overview

Tenure:
Leasehold
Established:
2005
  • Well fitted and developed unit with two floors of retail space
  • Superb Reputation
  • Viewing Essential

This is a profitable business that is currently run by owner management with an efficient business model. The business is very well established in the popular town of Harrogate and has a large client base that extends throughout North Yorkshire.

The business trades in a visible showroom that is on a well passed part of the North West side of the spa town. The business is one of the strongest established furniture businesses in the area and offers exciting potential to develop a solid foundation.

There is an abundance of space and potential within the two storey lock up unit that the business currently trades from. The unit has been expanded significantly in accordance to the business’s strong and visible growth over the past few years.


The showroom’s ground floor is largely open plan and is divided into separate sections for the layout of various hard and soft wood pieces that are all locally produced and finished in a range of styles. As well as this there is a carefully sourced range of soft furnishings that are well laid out across the shop.


There is around three rooms of usable display space on the first floor of the building. This offers potential for increased product lines.

Intelligent Business Transfer are excited to offer to the market this exciting opportunity to purchase a profitable home furniture retail business that holds a strong share of the affluent market of Harrogate. The business has utilised its accessible location well and has an extensive product offering that retains space for extended use of the upper floor.


The business has been trading profitably since inception and has remained in the hands of the successful owner operator for almost a decade. The business is able to offer an extensive range of products within a single shop address, which displays a vast and popular range of stock. This typically ranges from painted hand-made wardrobes through to gifts and smaller accessories for the home.


The business has a firm net profit that can be adjusted to over £40,000PA. There is huge potential to develop this further by increasing profit lines and marketing platforms. An option for any purchaser could be to expand the business online and utilise the storage space for scaled operation.


The business could be excellently ran as an owner operated business, although it would certainly be expected to excel of purchased as a bolt on acquisition. The current owner has worked successfully in the industry for decades.


The overall efficiency and reputation of the business is an absolute credit to the owner who is looking to sell the business and retire.

Location

Property

Annual Rent
£12,000
Annual Rates
TBC
Lease Term (Years)
TBC
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

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

Refine

Miles
£
£
£
£
Timed popup