* Included in Asking Price
Freehold Leading Brands Bed Retailer Superb Spacious Showroom
Location North Cheshire
Freehold Buyer Preferred but may consider Business Sale with Leasehold package
Asking price: £575,000 plus stock at valuation
Asking price includes:
Excellent Commercial Freehold Premises circa £395,000
Current Turnover circa £350,000 p.a.
Gross Profit circa £175,000 (50%+ Margin!)
Large well-appointed showroom (circa 6,000 square feet)
Adjoining secure yard and warehouse (circa 2,000 square feet)
Large customer database
Full computer management package
Fixtures and fittings
Over 20 years successful trading
Training and handover
This business, set up by the vendors back in 1991, has established itself as a leading independent retailer of beds and mattresses in the North Cheshire, South Manchester, and Derbyshire Peak areas and can boast one of the largest showrooms in the region.
The site is easily accessible and has two floors of spacious showrooms with extensive displays of over a hundred famous name beds, mattresses and bedsteads, which are heavily promoted via the local media.
In addition to this, the business has a well stocked warehouse, and enjoys excellent relationships with all its leading suppliers to ensure speedy if not immediate delivery.
The full product range includes:-
• Pocketed Spring & Open-Coil Mattresses & Divans.
• Latex & Memoryfoam Mattresses & Divans.
• Orthopaedic Beds.
• Electric Adjustable Beds.
• Storage & Non Storage Divans.
• Pine Bunks & Bedsteads.
• Cast Iron & Metal Bedsteads.
• Guest Beds & Spacesavers.
• Odd Mattresses - All Sizes.
• Headboards, Pillows, Duvets & Mattress Protectors
As an independent retailer, the business sources ranges of recognised brands from many leading manufacturers, as well as lesser known but great value alternatives, ensuring that customers are offered a real spectrum of choice, while protecting margins and the Company’s profitability. Exclusivity agreements are in place with a number of suppliers, and the Company has accounts with most major brands including Sealy, Sleepeezee, Silentnight, Rest Assured, Breasley, Healthbeds, Gainsborough, Myers, Dunlopillo, Dreamworks, Durabeds and Dorlux.
The business has literally thousands of satisfied customers on its database, and has built up a superb reputation for service, based on expert and impartial advice, quality and choice of product, and value for money. It also provides free local delivery with a disposal service if required.
|Facilities:||The business is situated within large freehold premises on a busy road close to the town centre. It is a two storey building and has excellent shop frontage and good signage. Ground floor accommodation comprises a large showroom with customer toilets, kitchen, office and warehouse, with a mezzanine for storage. The first floor has a further showroom with a small store, toilet and washroom. Outside there is a secure gated yard that allows parking for several cars. There is also plenty of free parking in and around the surrounding roads.
Total square footage is circa 8,000 square feet inc yard. Freehold is circa £395,000 and is included in the asking price. The vendor MAY consider setting up a suitable lease should a new business owner not wish to purchase the building. Rates are circa £12,500 p.a.|
|Competition:||A high proportion of the business's revenue has been due to its excellent reputation for quality and service, and strong word of mouth recommendation
The business still advertises regularly in local newspapers, on local radio and on two local double-decker full bus backs, but as stated earlier, there are excellent opportunities to increase this activity and utilise the very large customer database more effectively. The development of a more active internet presence, would enable the business to be marketed more aggressively, and tap into the lucrative online market.|
|Growth Potential:||The business could easily expand its portfolio of product offerings to incorporate bedroom furniture, bed linen and other soft furnishings, as customers regularly ask whether these are available. The electric chair sector is another area for serious consideration, as it would complement the specialist electric bed market which the business already serves.|
|Training/Support:||The current owners would be happy to provide full training and support at handover.|
|Sale Reason:||The vendors are wishing to retire|
Seller Reference #AG100
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