Luxury Interiors, Gift & Fashion Retailer
Business Id:000401 | Reference: AH155
Luxury Interiors, Gift & Fashion Retailer
with a prestigious site in one of the most highly desirable lifestyle locations in UK
Ref No: AH155
Location: Lake District
Asking Price: £40,000 plus net assets (circa £65,000)
Turner Butler has been appointed to bring to market this rare opportunity to acquire a growing, lucrative retail operation with prestigious premises in one of the most desirable lifestyle locations in the UK.
The business was set up by the vendors some 6 years ago as a luxury premier interiors business. The business has moved site to its current prestigious location over the last 18 months and it is enjoying impressive performance at time of going to market. As well as offering home interiors the owners have also broadened their offerings to encompass fashion plus gift retail.
They also offer Home Styling supplying bespoke curtains, blinds, colour plans etc. giving customers a highly personalised and individual service offering. This is proving to be very popular with their affluent client base.
The shop is a dealership for many in-demand interior brands ensuring strong footfall.
|Is this business relocatable:
Curtain and Blinds Retailers, Gift Shops, Homeware Stores
|| The retail outlet is beautifully appointed with high quality fixtures and fittings and decoration. The business has invested in back office technology and the sale also includes website, social media accounts, EPOS system, PC Hardware and display screens.
||• Key staff and infrastructure in place - not owner dependent • Even with 7-day staff cover the financial performance provides strong and growing profitability • Aspirational brands with excellent supplier relationships giving exclusivity and area protection. The company also has its own unique brand that it also sells under • Beautiful premises/building in a real destination location - accessible (road & rail), good parking & access • Informative website and strong social media presence, simple targeted advertising, experience days, workshops • Appeal equally to local communities (mainly professionals) and tourists
||The business has generated impressive financial results to date, growing year on year, at the same time benefiting from ongoing investment in its infrastructure to fuel continued success. Turnover Gross Profit 2016-17 c£185,000 c£84,000 2017-18 c£201,000 c£92,000 2018-19* c£300,000 c£150,000 *2 shops operating during relocation period – 2020 forecast based on half year results £220,000/£110,000
||The Asking Price is £40,000 plus Net Assets circa £65,000 (made up predominantly of high quality stock circa £55,000 and circa £10,000 other tangible assets including fixtures and fittings, IT equipment etc.). The final selling price will have a £1 for £1
|Advertising and Marketing:
||The business regularly places full page, high quality adverts in regional lifestyle magazines. The main website provides an improving platform for promoting the brand and for online sales – it scores well on Google searches. A database of selected, regular customers has been built up and is used for regular targeted mail campaigns. Social media channels including Facebook, Instagram and Google are all very active and increasingly generate leads and sales
|Growth and Expansion:
||The business is still very young, yet dynamic and enjoying very strong growth. This trend is expected to continue and there are significant opportunities to expand the offering still further should a new owner so require as the demand is there. One such area is full interior design, another on-line marketing and sales. The brand itself is growing and the model clearly works - it could easily be replicated to roll out more sites should a new owner have the vision and desire to do so. Alternatively it can continue to thrive as a “real” lifestyle business.
||7 days a week
||The company has a small team of superb staff looking after the day-to-day running of the store 7 days a week and carrying out high quality fitting of window shades, curtains, blinds & shutters. This includes key management that allows the owners to only w
|Support and Training:
||The vendors would be happy to provide training for an agreed handover period. This should be relatively straight-forward as there are key staff already in place.