Businesses For Sale > Business For Sale in Colchester, Essex, UNITED KINGDOM - UK (UK)

IK203 -Colchester, Essex-Ł 895,000-Prominent Bed Store for sale in Colchester, Essex, UK

Colchester, Essex, UNITED KINGDOM - UK (UK)

Asking Price:	Gross:	Cash Flow:
Undisclosed	Undisclosed	Undisclosed

Business Summary:
Prominent Bed Store Ref.IK203 Location Colchester, Essex Asking Price Ł 895,000 This successful business was founded in 1985. The current owner has grown the business from its early days to become a significant and regionally famous company with a reputation for the quality and variety of its luxury beds and bedroom products, service and reliability. The welcoming, comfortable and extensive showrooms enjoy significant frontage with extensive window displays. The products are displayed in attractive settings providing the customer with the fullest possible scope for choice. The business is further supported by exemplary supplier relationships that help to ensure that client service and product quality is never compromised and that customers receive the highest possible quality of product, service, leading to the existing high levels of return custom and can be retained by any new owner.

Year Business was Established: 1985

Facilities / Terms of Lease: The business operates from leasehold premises in Colchester, Essex. The current lease isn’t due to expire until 2017. Annual rent is charged at Ł48,000, with rates charged additionally at Ł17,900. The showroom is extremely attractive with a very large showroom measuring circa 4,000 square foot. The premises have excellent frontage and a large car park situated in a very well visited shopping area.

Potential Growth/Expansion: The current market for this business’s products is stable and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.

Competition: The business has used limited advertising in the past and there are excellent opportunities to increase this to market the business more aggressively and to significantly increase turnover. 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. The business would benefit from a detailed website, with plenty of product imagery and the potential for further development.

Owner willing to train: Full support and training will be provided to the successful purchaser.

Reason for selling: The current owners are selling the business due to family commitments.

Seller Reference Number: IK203
BusinessMart.com Listing Number: 56038

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