Business Summary:
Soft Furnishings and Upholstery Wholesaler
Ref.AG096
Location Somerset
Asking Price £ 200,000
The business was acquired by its present directors in 1989 and became a Ltd company in 2001.
Since when it has established itself as one of the foremost UK wholesalers supplying an all encompassing range of upholstery and soft furnishing components and fabrics to trade customers right across the country. It has built an active customer base of around one thousand five hundred clients including re-upholsterers, soft furnishers, antique restorers, curtain fitters and high street shops. Larger customers include a number of health authorities and colleges of further education."
This is a niche market operation within the home improvements sector and it has shown consistent growth over recent years allowing the business to expand in line with demand and acquire well presented and spacious premises.
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| Year
Business was Established: 1989 |
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| Number of Employees:
5FT/13PT |
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| Facilities / Terms of Lease:
The premises are owned by the directors and are available to lease at a rental of £41,000 per annum or to purchase at market valuation.
The premises occupy a plot of approximately half an acre and are located within twenty minutes drive of the M5 Motorway. There is ample parking.
Internally the square footage totals circa 900sq metres and includes reception, warehousing, offices, kitchen and a mezzanine. |
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| Potential
Growth/Expansion:
There is considerable growth to be had in the home furnishing sector as households refurbish and update on a far more regular basis than previous generations. In the present climate families are remodelling their existing houses rather than move. Both of these situations provide the business with a sound platform for expansion. |
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| Competition:
The business has its own web site and advertises in the main trade journal and antique restorers' magazine. |
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| Owner
willing to train:
It will therefore be a high priority for them to ensure a smooth and professional handover of the business for a period to be agreed as part of the overall negotiations. |
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| Reason for selling:
After a long and successful career the directors would like to take their retirement. |
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Seller Reference Number: AG096
BusinessMart.com Listing Number: 68471 |
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