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Sat, May 15 2021 04:09:54 PM  |  /

Life Style retailer with busy coffee shop in prime location

Business Id:000475     |    Reference: AG151
Leasehold Price:
£190,000.00
Business Description

This regionally renowned and highly popular business was founded in 1988 and has been in the Vendorsownership since 2002, hard work and entrepreneurial spirit has driven significant growth since, leading it to become a significant regional enterprise with a strong reputation for the quality of its welcoming shopping experience, variety, products, brands, service and reliability.

The business enjoys a prime high street location in one of the most beautiful and busy areas of Buckinghamshire in an easy to find, picturesque village attracting tourists during throughout the seasons. The business further benefits from its own car park suitable for up to 12 cars.

This business retails from its premium range of products; furniture and accessories, built to exacting standards and a firm favourite with the areas discerning, and wealthy clientele. Stock ranges from fine living room seating, both contemporary and traditional along with lines in dining furniture, lighting and cabinetry. The Shop also specialises in quality beds with a comprehensive range of bedroom furniture available to order.

 

This is all supported by a portfolio of interesting and unusual gifts, jewellery and accessories. Stock lines change regularly and maintain the interest and attention of destination customers that visit from many miles away.

The introduction of a coffee shop in May 2018 serving high quality coffees and teas with locally produced cakes, sandwiches and snacks, has proved to be very popular with visitors and has added significantly to profitability.

The outside has various, distinct seating areas with beautiful flowers adorning the borders and beds.

The coffee shop which has its own entrance opens into separate rooms all decorated differently with quirky themes. The coffee shop has recently won an award for all its hard work and great customer reviews.

The business has been established in the village for many years and is well known and regarded by competitors and peers and is considered a part of the fabric of the business community. The vendors have been involved in the business since 2002 and can offer considerable advice and information concerning all aspects of business in the region.

The period, welcoming, themed, comfortable and comprehensive showroom displays on two floors and across two buildings and with fully equipped office, this equates to approximately 330sqm. The products are displayed in extremely attractive themed settings providing the customer with the fullest context for choice options that include seating, beds, mirrors, pictures, room display furniture and an extensive portfolio of accessories.

The business is further supported by exemplary relations with key suppliers who have helped to ensure that client service and product quality is never compromised and that customers receive the highest possible quality of service, leading to the existing high levels of return custom. This commitment to suppliers and customers has underpinned this businesss abilities in service quality and sustained business success.

The business has invested to a high degree in technology and has an up to date administration and accounting system. The business also benefits from no customer credit and trades with an initial deposit on placing an order and the final payment required before delivery of the product.

The business is an excellent opportunity for any purchaser seeking an opportunity to expand their current services into this region or perhaps an owner manager choosing to take advantage of this established business avoiding time consuming, costly and risky start-up conditions.

 

 
Business Information
Turnover:£509,000.00 Annually
Profit:£118,000.00 Annually
Property Status:   Leasehold
Is this business relocatable: No
Business Sector: Furniture Shops
Statistic Information
Total Views:
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Business Profile
Equipment: na
Key strengths: na
Key Opportunities: This is an outstanding opportunity to build on the existing business levels and customer base of this company. With a strong demand for this business’s products, a new owner contributing fresh ideas will have every advantage of building on an excellent platform. This business maintains a significant base of satisfied customers, who appreciate the company’s superior products and service. There are many excellent avenues for growth, especially with investment in marketing including advertising and the vendors are currently expanding their internet opportunities, in developing a brand new built from the floor up e-commerce website, which should allow for considerable growth in the coming years for any purchaser.
Financial performance: na
Asking Price: 190000
Advertising and Marketing: The business benefits from a comprehensive and attractive website, which is currently under redevelopment, and has used limited advertising in the past so there are excellent opportunities to increase this and to invest further in its internet presence to market the business more aggressively and to significantly increase turnover. The business has previously committed to marketing displays in venues such as stately homes. 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.
Growth and Expansion: The current market for this business’s products is stable with significant profit shown in the last two years. The business is well positioned to take maximum advantage of this growth as it occurs
Premises: na
Business Hours: na
Employees: The business employees 2 part time staff in the main shop along with the vendors. The coffee shop has its own full time manager with 8 part time staff on zero hour’s contracts, some of which are students who only work weekends.
Support and Training: The current owner will provide all necessary training and all relevant contacts to allow continuity of trading.

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