Description Furniture retailer - specialising in quality bespoke and ready made furniture for indoors and outdoors, plus accessories
Ref.IK261
Location Berkshire
Asking Price œ 299,000
Turner Butler has been appointed to invite offers of purchase for the entire Issued Share capital of a furniture retailer with two retail outlets and a fast growing e-commerce presence, specialising in quality bespoke and ready made furniture for indoors and outdoors, plus accessories.
Key strengths:
The Company has the following key attributes:
two prime retail locations with an increasingly important e-commerce site
a good mix of products and prices - branded and unbranded, furniture, bespoke, in stock or fitted furniture etc plus accessories.
complementary stores - seasonality, target audiences etc.
excellent supplier relationships - can supply bespoke furniture within four weeks of order.
easy management - the retail locations are within a thirty minute drive of each other.
The Company provides an acquirer with:
a fast growing business - approximately œ665,000 of turnover in only the fourth year of
trading
an excellent base from which to establish a strong regional chain.
Financial profile:
For the financial year ending May 2012, the business achieved a turnover slightly in excess of œ665,000, generating a gross profit slightly of almost œ290,000 and a pre-tax net operating profit of approximately œ24,000 after minimal Directors remunerations.
Offers are now invited for a sale of the entire Issued Share capital in the Limited company based on a Balance Sheet value of œ23,600.
