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Life Style retailer with busy coffee shop in prime location

Ref. AG151

Location : Buckinghamshire

Asking Price : £190,000 + SAV

Turnover : £509,000

Net Profit : £118,000

Gross Profit : £291,000

EBITDA : Undeclared

Net Asset : £161,000

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

Next Step, Please submit Confidentiality Form/NDA Online 

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Premises : Leasehold

Well established with comprehensive range of “must have” Gifts, Homeware, lighting, furniture and accessories.

Location: Buckinghamshire

Asking price: £190,000 +SAV

Asking price includes:

Gross Turnover circa £509,000 per annum (2020 accounts)

Gross Profit circa £291,000 per annum

Adjusted Net Profit circa £118,000 per annum

Net Assets circa £161,000   

Fixtures and fittings

Very well located business

Excellent customer Database

Significant Goodwill

 

Business Profile

This regionally renowned and highly popular business was founded in 1988 and has been in the Vendors’ ownership since 2002, hard work and entrepreneurial spirit has driven significant growth since, leading it to become a significant regional enterprise with a strong reputation for the quality of its welcoming shopping experience, variety, products, brands, service and reliability.

 

The business enjoys a prime high street location in one of the most beautiful and busy areas of Buckinghamshire in an easy to find, picturesque village attracting tourists throughout the seasons. The business further benefits from its own car park suitable for up to 12 cars.

 

This business retails from its premium range of products; furniture and accessories, built to exacting standards and is a firm favourite with the area’s discerning, and wealthy clientele. Stock ranges from fine living room seating, both contemporary and traditional along with lines in dining furniture, lighting and cabinetry. The Shop also specialises in quality beds with a comprehensive range of bedroom furniture available to order.

 

This is all supported by a portfolio of interesting and unusual gifts, jewellery and accessories. Stock lines change regularly and maintain the interest and attention of destination customers that visit from many miles away.

 

The introduction of a coffee shop in May 2018 serving high quality coffees and teas with locally produced cakes, sandwiches and snacks, has proved to be very popular with visitors and has added significantly to profitability.

 

The outside has various, distinct seating areas with beautiful flowers adorning the borders and beds.

The coffee shop which has its own entrance opens into separate rooms all decorated differently with quirky themes. The coffee shop has recently won an award for all its hard work and great customer reviews.

 

The business has been established in the village for many years and is well known and regarded by competitors and peers and is considered a part of the fabric of the business community. The vendors have been involved in the business since 2002 and can offer considerable advice and information concerning all aspects of business in the region.

 

The period, welcoming, themed, comfortable and comprehensive showroom displays on two floors and across two buildings and with fully equipped office, this equates to approximately 330sqm. The products are displayed in extremely attractive themed settings providing the customer with the fullest context for choice options that include seating, beds, mirrors, pictures, room display furniture and an extensive portfolio of accessories.

The business is further supported by exemplary relations with key suppliers who have helped to ensure that client service and product quality is never compromised and that customers receive the highest possible quality of service, leading to the existing high levels of return custom. This commitment to suppliers and customers has underpinned this business’s abilities in service quality and sustained business success.

The business has invested to a high degree in technology and has an up to date administration and accounting system. The business also benefits from no customer credit and trades with an initial deposit on placing an order and the final payment required before delivery of the product.

The business is an excellent opportunity for any purchaser seeking an opportunity to expand their current services into this region or perhaps an owner manager choosing to take advantage of this established business avoiding time consuming, costly and risky start-up conditions.

Customer Service
The business considers simply that happy customers come back and on that simple basis has maintained levels of product and service quality intended to best guarantee that happiness. The results of this commitment are evident in the degree of return custom and the choice of this business by new customers over competitors.

 

Key strengths
The business is an organisation where the vendor has, over time developed and nurtured a business name and reputation responsible for maintenance of goodwill, effectively, reducing the need for constant input from the vendor. This has resulted in customer relations founded on a history of trading satisfaction and not contingent upon the relationship with the vendor.

The quality of the high street location cannot be overstated since its prominence guarantees access, visibility and footfall, the quality of the showroom plays no less a part in meeting customer expectation.

The business is well established and profitable, with a strong and growing customer base, retaining a high level of return custom; a great many of whom having done so on a regular basis and for many years.

The company has earned an outstanding reputation for its honesty, service, reliability, casual and open customer experience, excellent quality products and highly knowledgeable and experienced staff.

The result of this combination of strengths is a differentiation in its marketplace, allowing for the sustaining of margins at no loss to custom – a clear competitive advantage.

 

Key opportunities
This is an outstanding opportunity to build on the existing business levels and customer base of this company. With a strong demand for this business’s products, a new owner contributing fresh ideas will have every advantage of building on an excellent platform.

This business maintains a significant base of satisfied customers, who appreciate the company’s superior products and service. There are many excellent avenues for growth, especially with investment in marketing including advertising and the vendors are currently expanding their internet opportunities, in developing a brand new built from the floor up

e-commerce website, which should allow for considerable growth in the coming years for any purchaser.

 

Technology
Administrative systems have been implemented to provide the required technology for a modern and efficient business including a full Server Network and an up to date EPOS system.

 

Advertising and marketing
The business benefits from a comprehensive and attractive website, which is currently under redevelopment, and has used limited advertising in the past so there are excellent opportunities to increase this and to invest further in its internet presence to market the business more aggressively and to significantly increase turnover. The business has previously committed to marketing displays in venues such as stately homes.

A high proportion of the business s revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation.

 

Financial Information
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The business is financially stable with no borrowings, low overheads, positive cash flow and good gross and net profit and has shown growth over years of trading in the vendors ownership.

Gross Turnover circa £509,000 per annum (2020 accounts)

Gross Profit circa £291,000 per annum

Adjusted Net Profit circa £118,000 per annum

Net Assets circa £161,000

 

Asking Price:

The Asking Price of £190,000 + stock at valuation is for 100% of the issued capital of the company, assuming Net Assets of circa £161,000 on completion (calculated on a zero cash-zero debt basis). The final selling price will have a £1 for £1 adjustment for any rise or fall in this benchmark Net Asset figure of circa £161,000 at completion.

Competition
The vendor considers that in regard to the exceptionally high added-value nature of the business’s uniquely sourced product range, there is no businesses in the region considered serious competition.

Growth and Expansion
The current market for this business’s products is stable with significant profit shown in the last two years. The business is well positioned to take maximum advantage of this growth as it occurs.

Premises
The business is located in an easily accessible area in Buckinghamshire and operates from a period property of historical significance, circa 4,000 square feet area including showroom, storage, workshop and administration.

The premises are currently leased from the National Trust and have six years remaining on a renewable lease.

Employees
The business employs 2 part time staff in the main shop along with the vendors.  The coffee shop has its own full time manager with 8 part time staff on zero hour’s contracts, some of which are students who only work weekends.

Support and training
The current owner will provide all necessary training and all relevant contacts to allow continuity of trading.

Reason for sale
The business is for sale as a result of the vendors wish to follow other areas of interest.

Next steps:

If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 678532
info@turnerbutler.co.uk
www.turnerbutler.co.uk