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Living Room Furniture Warehouse For Sale
Location: United Kingdom -> Devizes, Wiltshire
Industry: Retail > Home and Garden Retail




Business Summary

Living Room Furniture Warehouse For Sale Half Price Suites (Worle) Ltd

Ref.IK237
Location Devizes, Wiltshire
Asking Price £150,000
This is a great opportunity to acquire one of the leading suppliers of lounge suites and armchairs in Wiltshire.

This outlet has been retailing furniture since 1985 and was acquired by the present director in 2003. It is extremely well known in the locality with an excellent reputation for price and quality. The present director bought the business in 1993 and has always adopted a very ''hands on'' approach to running his company. The extensive showroom can comfortably display around seventy suites and armchairs.

Because this large selection is available to view under one roof customers travel from all the major towns and villages within a thirty mile radius to purchase their lounge furniture. These suites are supplied by a number of quality UK manufacturers that include LPK, Kevin France, Buoyant. The operation also sources some items from Italy and the Far East.

The business is presently selling about twenty six suites a month with an average invoice value of one thousand one hundred pounds. Many of these orders can be fulfilled from stock items with delivery taking place within twenty four to forty eight hours. Stock control is a manual process with deliveries taking place every week.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $318,388
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  1985
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Reason For Selling:  He now feels that he would like to pass the business on to the next generation of owners who will have new energy and ideas to grow the business yet again.




Print Listing Id: 700131769
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