Business
Please quote reference B07492

CoGoGo are delighted to welcome to the market North East Sofas Direct, a highly rated furniture retailer based in Hull.

The business opportunity was first established by our client in 2021, building up an excellent reputation and a regular client base. As seen by the online ratings and reviews, the business is extremely popular within the region.

North East Sofas Direct has now come to the open market due to our clients other business interests.

The business predominantly sell sofas with armchairs, footstools, garden furniture & interior furniture, but the have a heavy focus on the resale of 2 main high street brands – Habitat & Sofology.

The sales a split with 70% being third party delivery orders and 30% being order managed inhouse.

Majority of sales are derived through the several online platforms – these include their own NE SOFAS DIRECT website, Facebook & eBay.

The business offers payment plans via Klarna & PayPal Credit and boast a 5* rating on Trustpilot.

Key selling points:

• Fully functional website & social media platforms
• 2K worth of Stock included in the selling price
• Excellent supplier agreements in place
• Excellent reputation built on 5 star customer reviews
• Huge potential with a structured business/marketing plan
• Business handover offered

Scope for further development:

• Increase the number of hours worked within the business
• Increase current advertising spend
• Expand the current range
• Reduce current running costs (ideal bolt on to another similar online supplier)

Location
The business is relocated and is currently ran from a storage unit in Hull.

Premises
There are no premises included in the sale.

Tenure
We are advised that the business is being sold on a Business Only Basis.

Hours
The business trading hours are:

Monday to Sunday – 09:00am to 17:00pm

The business does however operate 24/7 through the online E-Commerce site and social media platforms.

Staff
The business is run part time by the 2 owners.

Financial Profile
We are advised as per the 2024 accounts, the turnover is in the region of £67,000.

Please quote reference B07492