Quality British Furniture and Flooring Retailer for Sale in Honiton, Devon
Honiton, Devon
- Status
FOR SALE
- Date Submitted:
17/01/24
- Advert ID
605203
- Reference
M35943N / Rightbiz
- Call Agent:
- Leasehold: £95,000
- Turnover: £752,410 (£14,469 Per week)
- Net Profit: Not Applicable
Business Details
FURNITURE & FLOORING RETAILER
Famous destination FURNITURE & FLOORING RETAILER, renowned for Beds & Sofas & Chairs from quality British manufacturers. Occupying highly visible High Street trading position within the popular EAST DEVON town of HONITON, being easily accessible, benefiting from its own large private customer car park with additional customer entrance, considered most valuable.
Contained within very deceptive well maintained 2 storey showroom premises, approximately 4,600 square feet, which is in addition to the rear enclosed car park area. Providing several showroom/display areas, offering some of the largest chair/recliner displays in the South West. Also providing office, cloakroom, and storage facilities to include a useful container.
Long established highly profitable business, formed in 1969, only 2 owners since this time, under current ownership last 35 years, and who are now looking to retire. Commanding a reputation second to none, serving a customer base within a 25 mile radius, enjoying regular repeat trade. Sales 2023 £752,410 ex Vat, Gross Profit £291,492, substantial 6 figure adjusted Net Profits ensuring a comfortable living.
Leasehold £95,000 sav Ref: M35943N
VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01404 813762.
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Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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