Luxury Interiors, Gift & Fashion Retailer with a prestigious site in one of the most highly desirable lifestyle locations in UK
Location : Lake District
Asking Price : £40,000 plus net assets
Turnover : £200,000
Net Profit : Undeclared
Gross Profit : £100,000
EBITDA : Undeclared
Net Asset : £65,000
Premises : Leasehold
Confidentially offered for sale
Gross Turnover circa £200,000* per annum
Gross Profit circa £100,000* per annum
Net Assets circa £65,000 (inc. stock c£55,000)
Prestigious High Street/Landmark position in affluent/destination town
Exclusive supply relationships with a number of luxurious brands
Excellent infrastructure including state of art EPOS/Back Office technology
Key staff/management in place
Regular and growing loyal customer base
Turner Butler has been appointed to bring to market this rare opportunity to acquire a growing, lucrative retail operation with prestigious premises in one of the most desirable lifestyle locations in the UK.Business Profile
The business was set up by the vendors some 6 years ago as a luxury premier interiors business. The business has moved site to its current prestigious location over the last 18 months and it is enjoying impressive performance at time of going to market. As well as offering home interiors the owners have also broadened their offerings to encompass fashion plus gift retail.
They also offer Home Styling supplying bespoke curtains, blinds, colour plans etc. giving customers a highly personalised and individual service offering. This is proving to be very popular with their affluent client base.
The shop is a dealership for many in-demand interior brands ensuring strong footfall.
The retail outlet is beautifully appointed with high quality fixtures and fittings and decoration.
The business has invested in back office technology and the sale also includes website, social media accounts, EPOS system, PC Hardware and display screens.
• Key staff and infrastructure in place - not owner dependent
• Even with 7-day staff cover the financial performance provides strong and growing profitability
• Aspirational brands with excellent supplier relationships giving exclusivity and area protection. The company also has its own unique brand that it also sells under
• Beautiful premises/building in a real destination location - accessible (road & rail), good parking & access
• Informative website and strong social media presence, simple targeted advertising, experience days, workshops
• Appeal equally to local communities (mainly professionals) and tourists.
The business has generated impressive financial results to date, growing year on year, at the same time benefiting from ongoing investment in its infrastructure to fuel continued success.
Turnover Gross Profit
2016-17 c£185,000 c£84,000
2017-18 c£201,000 c£92,000
2018-19* c£300,000 c£150,000
The Asking Price is £40,000 plus Net Assets circa £65,000 (made up predominantly of high quality stock circa £55,000 and circa £10,000 other tangible assets including fixtures and fittings, IT equipment etc.). The final selling price will have a £1 for £1 adjustment for any rise or fall in this benchmark Net Asset figure of £65,000 at completion.
The business regularly places full page, high quality adverts in regional lifestyle magazines. The main website provides an improving platform for promoting the brand and for online sales – it scores well on Google searches. A database of selected, regular customers has been built up and is used for regular targeted mail campaigns. Social media channels including Facebook, Instagram and Google are all very active and increasingly generate leads and sales.
The business is still very young, yet dynamic and enjoying very strong growth. This trend is expected to continue and there are significant opportunities to expand the offering still further should a new owner so require as the demand is there. One such area is full interior design, another on-line marketing and sales.
The brand itself is growing and the model clearly works - it could easily be replicated to roll out more sites should a new owner have the vision and desire to do so. Alternatively it can continue to thrive as a “real” lifestyle business.
The shop is located in prestigious premises in one of the most desirable lifestyle locations in the UK and is leasehold.
7 days a week
The company has a small team of superb staff looking after the day-to-day running of the store 7 days a week and carrying out high quality fitting of window shades, curtains, blinds & shutters. This includes key management that allows the owners to only work one day a week in the business. It also allows them to concentrate on building relationships with important clients, working with a wide range of excellent suppliers and developing the on-line and social marketing strategy as required.
Even with 7-day staff cover the financial performance provides strong and growing profitability.
The vendors would be happy to provide training for an agreed handover period. This should be relatively straight-forward as there are key staff already in place.
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.
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 firstname.lastname@example.orgTurner Butler Disclosure Statement
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