Sold £32,000 - General Retail
City Business Brokers is delighted to welcome to the market this well known Bed and Furniture store in Ludlow
This furniture store is a family run business, and has been established now for 12 years Our clients are now looking to sell the business due to Business Diversification The store is popular in the area and generates a good turnover from the sale of Bespoke Beds , furniture ( Chesterfields ) upholstery, cabinets, lounge sofas and other accessories.
The current turnover for the business is £98000 with a good gross and net profit .This is a good turnover however we feel this could be increased by investing in more marketing / social media and greater consistency on store opening hours including Sunday Trading
The store benefits massively from the high footfall in the area, and has a fantastic amount of repeat trade from loyal customers. The business has been established for over 12 years and has built up an enviable reputation for its great quality of products, service and value for money. Included in the sale is all fixtures and fittings The store is in a walk in trading position, and is a perfect premise for the retail trade. Stock is not included value is circa £12000 . City Business Brokers highly advise early viewing to avoid missing out on this well established family run business.
TENURE We are advised the business is Leasehold , Rent -£17000 pa and Rates are £6534 pa
HOURS The business is open: Monday: 9am – 3pm Tuesday: 9am – 5:pm Wednesday: 9am – 5pm Thursday: 9am – 5:pm Friday: 9am – 5:pm Saturday: 9.30am – 4pm Sunday: Closed
STAFF The business is run and managed by our clients