Well Established Furniture Retail Store

Price:

Leasehold - £338,000

Seller Ref:

SP2012L

Location:

Balearic Islands, Palma de Mallorca

Business Type:

Retail businesses, Service Businesses

See Other:

Furniture shops for sale in Balearic Islands
Carpet shops for sale in Balearic Islands
Soft furnishing shops for sale in Balearic Islands
Other service businesses for sale in Balearic Islands
Interior design companies for sale in Balearic Islands
Retail businesses for sale in Balearic Islands
Service businesses for sale in Balearic Islands

Description:

THE BUSINESS:

Rate Applied: 1.45 Euros/£1

Asking Price: (735,000€) plus stock at value. Leasehold
Price reduced to 490.000€

• 2 Exceptional Retail Sites
• Prime City Centre Location at Principal Shop
• ‘Furniture Destination’ at Second Shop
• High Gross Margins
• Staff Run
• Turnover in excess of €1million and growing
• Separate Warehouse Facilities
• Very Low Overheads
• Potential to open further sites
• Sale includes SL Company
• Renewable 10 Year Leases
• Scope for extensive international travel if desired

A rare opportunity to acquire a very long established and highly profitable imported furniture retail business with two excellent retail sites within Mallorca. Despite its considerable success, there is still considerable scope for further
development through internet sales and/or the establishment of further sites
both within the island of Mallorca and elsewhere in Spain.

The second site is located a short drive outside of Palma within an area that has become known as a furniture shopping destination and comprise of a modern unit with circa 125m2 of retail space to the ground floor with a further 125m2 split across mezzanine and first floor.

Location Details:

The principal retail site is located within a highly desirable area on the outskirts of the centre of the city of Palma, close to the port. The shop occupies a highly visible corner position on a busy road and comprises 240m2 of retail area on the ground floor with toilets and office/store room. To the lower ground floor there is 200m2 of additional space, which the present owners use as storage, but which is ideal for additional retail space.

In addition to the sale of furniture, the present owners also operate a ladies fashion business from the shop which does not comprise part of the business being sold, purchasers of the business can however maintain a portion of the retail space allocated to the sale of clothes which the current vendor is willing to supply.

Lease Terms:

10 Year Laese Terms. Current rent of 2,000 Euros Per month.