Furniture Shops for sale in Middlesbrough

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Established upmarket Furniture and Gift Business for sale

Middlesbrough, England

  • Leasehold Price: £1
  • Annual Turnover: £120,000
  • Annual Net Profit: £41,000
Seller Reference: PAX0131366858
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Business Description
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Seller Reference: PAX0131366858
Request Details
Business Description
Operating from approx 2,000 sq foot retail floor space on the ground floor with 2 offices. Large glass double doors allowing customers to see in. In addition a further approx 2000 sq foot retail space on the 1st floor which also has a office. Fully carpeted out and any fixtures and fittings will be left. The past 3 years the business has averaged approx £120,000 turnover per year and has averaged approx £41000 gross profit per year. A easily managed business and could be run by a energetic couple. We have always had short trading hours, weekdays open from 10am until 4pm, Saturdays 10.30am until 3.30pm. No Sunday trading, we have always closed for approx 2 weeks over Xmas and have never opened on Bank Holidays. The building is owned by the Council and we have no lease. THERE IS NO RATES PAYABLE.
We have accounts with major suppliers such as Coach House, Hill Interiors etc and introduction will be made to these suppliers. And now the best bit. We are willing to sell the business for just £1. Yes ONE POUND. We have just completed a stock take and their is approx £24,000 worth of stock at cost price (that is the price we have paid the suppliers for the stock NOT the retail price ). If you wish to buy the stock only and run it from a different location, that is fine, we are quite happy with that. We are willing to sell the stock at cost price LESS 20%. This would work out at £19,200. If the stock level goes up or down we would recalculate the price accordingly. Vat is payable on the stock price but you would of course be able to claim the VAT back.
Trading hours:
Number of employees:
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Help provided
Location Details:
Located just 5 mins walk from Middlesbrough Town Centre. Situated in a small complex in a industrial estate. Other retailers in the complex.Plenty of free parking and room for large delivery wagons.
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