Relocateable web based rattan furniture business

BACKGROUND

Originally established in 2007 the business has been trading for 15 years and has been profitable in every year. The owner started the business in 2007, buying two pieces of furniture when only needing one, selling the unwanted piece and covering the cost of the cost of both! Spotting a gap in the market following the collapse of The Pier Group in 2008, the owner, purchased the surplus stock and soft furnishing for this range of furniture and sold the items through ebay. Once sold the owner established an overseas contact and imported the frames directly and sub contracted out the cushion element. A direct sale UK only website was created and has been updated and grown and now ranks very highly on Google. Amazon and ebay platforms are included but not utilised.
The Product combines two elements. A hand made rattan frame from responsible sourced natural wood, imported from Asia and a UK manufactured cushion made to order from fabric from UK suppliers, sewn by local tradespeople. Around 3-400 units are sold annually and all meet Uk trading and safety standards.

The uniqueness of the bespoke product means frames are available in five finishes and fabrics range into the 100’s, although there are popular combinations that are reflected in a ‘ready to go’ range that can be dispatched within a week, whilst bespoke orders take 2-3 weeks. Packing and dispatch (by a well known UK delivery company) is arranged by the owner when individual products are completed.

FINANCIALS:

Past three years to April 2022.

Average turnover £82,000 GBP

Average Gross Profit £47,900 GBP (58%)

INCLUDED IN THE SALE:

Transfer of the sole trader company and domain name.
Professional website and e-commerce functionality.
Payment gateways and business bank accounts. VAT registration transfer.
Accounting package, with customer and supplier information.
All artwork, folio of photography and rights of use.
All stock to include, frames, fabric rolls, accessories and templates.
1 X commercial table mounted pattern tacker for button detailing.
1 X commercial table mounted overlocker for fabric edging.
Full handover by the owner and training as required plus telephone guidance and support (to be agreed).
Social media accounts and past content available, ongoing social media support can be negotiated.

REQUIREMENTS
This business is relocatable and is currently run from one X rented 40ft container storage unit and a 300sq ft studio at the owners home.
The business requires a landline and internet access and can be run on a part time basis by one person.
No retail presence is required but occasional appointments/collections are made by appointment only.
PRICE:
The owner is seeking £50,000 GBP ex vat. Stock at valuation (currently three months supply) at approx £27,500 GBP ex vat.