Retail premises for sale in Albert Square, Widnes WA8

£149,995
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Retail premises for sale

Property description

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.


Introduction


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.


Location


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.


Reason for sale


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.


Lease


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.


Staff


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.


Financial details


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.


Business rates


The business has a rateable value of £4,798. Purchasers should enquire with relevant local authorities to confirm the rates payable.


Summary


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

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For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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