Long-Running Home Interiors Store in Cork

Cork, County Cork
REF: R08196

Asking Price:
£300,000
Annual Turnover:
£623,335
Annual Net Profit:
£131,705
REF: R08196
Photo of Long-Running Home Interiors Store in Cork
Photo of Long-Running Home Interiors Store in Cork
Photo of Long-Running Home Interiors Store in Cork
Photo of Long-Running Home Interiors Store in Cork

Overview

Tenure:
Leasehold
Established:
1985
  • Excellent reputation and loyal customer base
  • Huge potential for growth
  • Spacious premises
  • Low overhead costs
  • Wide variety of products and services
  • Strong supplier relationships

Please note currency is €. This is a unique opportunity to acquire a long-running home interiors store, which is based in Cork. The business was first established in 1985 and has been growing steadily ever since, whilst also gaining an incredibly loyal customer base and an excellent reputation.

The company specialises in supplying and fitting custom-made, quality window furnishings, curtains, blinds, plantation shutters, wallpapers, and flooring. Their priority is to help customers transform their homes.

They offer clients a wide range of services, including free home consultations, interior design advice and appointments, and assistance with measuring and fitting, in order to provide clients with an enjoyable and rewarding experience, whilst they update their homes.

Initially, the business opened as a window, blinds, and plantation shutter business and the owners spent their time getting the basics right, understanding their products, and getting to know their customers. Over the years, the company grew and evolved, and custom-made curtains, wallpaper, and flooring were all added to the mix.

The business has strong relationships in place with the suppliers of their premium-quality products, which could normally be difficult to attain for a new business. With low overhead costs and huge potential for growth, this brilliant business would be perfect for someone with previous sector experience.

The business is currently located in spacious premises on an industrial estate, just south of Cork city, which is home to several popular stores. The location also benefits from on-site car parking and there is no local competition, which should ensure a steady flow of trade for the new owner. The current lease for the premises has expired and is now running on a month-to-month basis. The new owner could easily renew this lease, or they could choose to relocate the business. This will provide the buyer with a great deal of flexibility.

Included in the sale of the business is also the online blinds store Myblinds.ie. The site has been trading since 2010 and is one of very few online blinds stores, therefore there is massive scope for growth. Building a new eCommerce website of this nature would normally cost in excess of €60,000.

A time-limited handover period can be negotiated with the current owners, in order to ensure a smooth and efficient transition.

This would be the ideal opportunity for someone with previous sector experience, who is looking to acquire their own business.

There is huge potential for growth with this business, as there is a massive opportunity to expand the company’s geographical coverage. Furthermore, it would be a brilliant idea to invest in some social media promotion.

The business already has a fantastic, easy-to-use website and a popular Facebook page, with 850 followers. These platforms act as an excellent sales window for the business. It would be beneficial to continue utilising and optimising these online channels, along with creating some additional social media pages.

Features

Online Presence

Location

  • On-site car parking
  • No local competition
  • Relocatable
  • Industrial estate location

Property

Annual Rent
£30,000
Annual Rates
£11,000
Lease Term (Years)
TBC
Lease Expiry (Years)
TBC
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
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Number of Employees
XXXX
Current Ownership
XXXX

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