SUCCESSFUL OAK & PINE FURNITURE SHOP WITH E COMMERCE WEBSITE LOW OVERHEADS

This Pine & Oak Furniture retailer was established in 2002 and since this time has created an excellent reputation for selling high quality ready assembled furniture. During this time, they have received excellent reviews on Facebook (5*) and Google Reviews (4.9*). They currently have a very successful e-commerce website, where they offer delivery throughout the UK. The business is now only coming to the market due to the vendor wishing to retire.

THE PREMISES: The E class retail premise is located on Ditchling Road which is a busy main road which runs parallel to London Road and is adjacent to Brighton’s Open market. Due to this location the premise benefits from a very high footfall throughout the year.  The premise has a large retail space with a kitchenette and toilet to the rear of the premises. The premise underwent some refurbishment including decorating with brand-new flooring fitted throughout. The vendor is also permitted to use the loading bay for deliveries and collections. The premises is also fitted with air conditioning, CCTV and a security alarm.

TURNOVER: The furniture shop’s current opening hours are Tuesday-Saturday 9:30am-5:30pm and is just run by the vendor.  The average weekly turnover is £5,000 per week, with 80% of sales coming from their website and the remaining via the shop premises. The latest accounts show a pre-tax net profit of £40,221. There would be substantial opportunity to grow the business both through physical shop sales and also through promoting/advertising the business online.

TENURE:  The premises is held on a licence which is renewed annually. The current rent is £8,826.36 per annum. Water charges are also included in the rent, with only electricity to pay.

RATES: We have been verbally informed that the Rateable Value is £7,900 and the current Rates Payable amounts to zero.  Prospective occupiers should make their own enquiries to verify same.

PRICE:  We are instructed to quote for the goodwill, licence, equipment, trade fixtures and fittings £80,000 SAV – Stock estimated at £15,000

LEGAL FEES:  Each party to be responsible for their own legal costs.

VIEWING:  On no account should any approach be made to the Manager or the staff without a prior appointment through the vendor’s agents, Watkins Commercial, Telephone: 01273 709090. 

ENERGY PERFORMANCE CERTIFICATE: The premises has been rated a band B and the full report is available upon request. 

DISCLAIMER: Neither the Vendor nor the Agent gives or implies any warranty that the premises are fit for any particular use or that they comply with any relevant regulation or statutory requirement. The agents have not tested any apparatus, equipment, fittings or services so cannot verify that they are in working order.  The buyer is advised to obtain verification from their solicitor or surveyor before proceeding with the purchase. VAT: All prices and rents are quoted exclusive of VAT.  Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.

MORTGAGE & FINANCIAL PLANNING:  We shall be pleased to assist any purchaser in arranging finance to acquire this business or any other business you may be considering subject to status. 

Prop. Ref:        6744C

These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract

APPLICANTS CONFIDENTIALITY AGREEMENT

I understand and agree that any information regarding any business supplied to by Watkins Commercial will be kept strictly confidential.  I also undertake that I will:

i)                View businesses registered with Watkins Commercial by appointment only.

ii)               Not contact any owner, staff, suppliers, competitors or customers of any business

                  registered with Watkins Commercial

iii)              Not pass on any information supplied by Watkins Commercial to any third party other

             than a professional advisor et. Bank, solicitor, surveyor accountant, etc.

iv)             Submit any offers direct to Watkins Commercial with whom I will conduct all

             negotiations

v)              Be liable for any commission which would have been due to Watkins Commercial

                  should I be party to negotiations or actions which seek to preclude, or are contrary to

                  the interest of Watkins Commercial