Ref 7786 – Leasehold Bed & Bedroom Furniture Retailer
Blacks Brokers are pleased to bring to the market this leasehold specialist furniture & bedroom retailer located in Widnes, Cheshire.
Comfort & Style Beds & Furniture Limited was established by our client in this bustling area of Widnes in 2009. The business specialises in bed and bedroom furniture sales with . It has become very well known in this area and has a strong base of repeat customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google, Facebook and Yell. Comfort & Style Beds & Furniture Limited has a website in place which could be expanded to include e-commerce.
Comfort & Style Beds & Furniture Limited occupies a high street trading position within a parade of shops. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Sports Direct, Santander and many more. There are also a number of shopping centres and car parks nearby. The area is well linked by the M62 with very strong public transport links and parking is available in the surrounding area.
The business is ideally suited to a hands-on owner-operator but due to our client’s other business commitments being higher than anticipated, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The business operates from three leased properties – one retail unit and two warehouses. Retail unit - The building is available on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial lease. The current lease is a ten year lease which began in 2016 at a cost of £577 per week.Warehouse 1 – The current lease is a three year rolling lease at a cost of £134 per week.Warehouse 2 – The current lease is a three year rolling lease at a cost of £134 per week.
The business operates with three full time and two part time members of staff in employment supporting our client working on a full time basis.
Comfort & Style Beds & Furniture Limited has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 28th February 2021 show annual turnover of £464,904 and gross profit of £172,022. Full financial information is available upon request.
The business has a rateable value of £4,798. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This well established business occupies an enviable trading position in a central area of Widnes with two warehouses close by. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new product lines and a strong marketing drive. A new owner may also look to add online sales to this already profitable business. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £149,995.
Please quote ref: 7786