Thriving Modern Furniture Store in Glasgow

Clydebank
REF: INT1979

Asking Price:
£212,000
Annual Turnover:
£296,498
Annual Net Profit:
£84,680
REF: INT1979
Photo of Thriving Modern Furniture Store in Glasgow
Photo of Thriving Modern Furniture Store in Glasgow
Photo of Thriving Modern Furniture Store in Glasgow
Photo of Thriving Modern Furniture Store in Glasgow

Overview

Tenure:
Leasehold
Established:
2018
  • Huge Growth Potential
  • Low Overheads
  • Strong Supplier Relationships
  • Wide Variety of Products & Services

This is brilliant opportunity to acquire a thriving modern furniture business, which is currently located in Glasgow, but is offered on a fully relcoatbale basis.

The business was first established in 2018, quickly gaining traction in the industry, building up a loyal, repeat customer base.

This business provides high-quality, modern furniture at competitive prices. They primarily sell through their website, as well as eBay, Amazon, and Wayfair. The company also has a showroom, where customers can browse their product range in comfort.

They offer a wide variety of high-quality and modern pieces of furniture, which would fit perfectly in any home. Their extensive product range includes marbled furniture, beds, mattresses, mirrored furniture, bedroom furniture, home furnishings, and much more.

The business has amassed a wealth of five-star reviews on Google, thanks to the company’s quality furniture, speedy delivery, and fantastic customer service.

The business currently rents a unit in Clydebank, just North West of Glasgow. Part of this unit is used as a showroom, to showcase all the quality furniture. The lease for the premises ends in October 2024, however, there is a break clause in October 2022, so the new owner could choose to relocate the business, if they would prefer. The premises qualify for 100% rates relief under the Scottish rates relief.

The business benefits from low overhead costs, which should ensure consistently high-profit margins for the new owner.

Over the years, the business has forged strong relationships with their suppliers, which may normally be hard to attain for a new owner.

The current owners are happy to offer an initial transitional period, to ensure a smooth and efficient business handover.

This would be the perfect opportunity for someone who is interested in acquiring an established furniture business, which has a great online presence. Anyone who is interested in home furnishings and interior design would also be a great fit for this business.

The business already works closely with eBay, Amazon, and Wayfair and there is huge scope for the new owner to further push sales through these marketplaces.

The business already has a fully functioning website, but it may be beneficial to extend the company’s online presence, to gain more customers and reach a wider audience. Instagram would be beneficial for this company, as they could showcase all their beautiful pieces of furniture.

Features

Key Information

  • List Marketplaces: Amazon, eBay
  • Products Sold: Furniture
  • Services Offered: E-commerce

Online Presence

Location

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  • Office Based
  • Residential Location
  • Shopping Centre Location
  • Close to Local Businesses
  • Limited Competition

Property

Annual Rent
£16,000
Annual Rates
TBC
Lease Term (Years)
5
Lease Expiry (Year)
2024
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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