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Asking Price
£85,000
Description
This is a well established and growing soft furnishings business.
The current owner established the business 3 years ago, during which time sales have increased year on year.
More recently, high profile high quality retailers within Leicestershire have been requesting display boards from our client. This will invariably lead to further sales.
Prior to the display boards, our client has been serving residential dwellings, which are above average in both size and value.
As people in larger homes and four bed houses improve their interior, our client has been successfully in enhancing its reputation.
The vendor has reluctantly decided to sell in order to spend time with her children, who live in various parts of the world.
Our client specialises in quality materials and fabrics for curtains, blinds and pelmets which accounts for 80% of sales.
In addition, they source in fabric, made to measure suites and take on some upholstery jobs.
The business is offered for sale together with the valuable ranges of catalogues, which at cost were purchased at approximately £30,000.
Our client offers a large comprehensive and popular design ranges.
Nine display boards have recently been supplied to a furniture retailer. The retailer will take orders on behalf of our client and in return receive a 10% commission.
Negotiations are in place with several other quality high profile retailers within Leicestershire. This is an area that could quite easily double sales and offers a new owner to reap the rewards of a growing and profitably business.
The owner is willing to conduct an in depth 2 week hand over period followed by 1 day per month. The owner is also prepared to train any required staff for the new owner.
At present, the business employs two part time staff. The owner is looking to take more staff on as sales are increasing.
The vendor of the business owns the freehold property. Hence the vendor has acknowledged that they have a genuine vested interest to see a new owner take off to a flying start.
This soft furnishings business is different in that it caters for the high end and is not a run of the mill furnishings business.
The vendor is currently in the process of building a separate retail unit next door. Their intention was to expand and use both units, which a new owner could as the business, grows from the momentum it has gathered.
REF: 8878LE
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