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Luxury Interiors, Gift & Fashion Retailer with a prestigious site in one of the most highly desirable lifestyle locations in UK

Ref. AH155

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


  • Turner Butler

Next Step, Please submit Confidentiality Form/NDA Online 

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Asking Price: £40,000 plus net assets (circa £65,000)

Premises: Leasehold

Asking price includes:

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
Significant Goodwill
Website

Introduction:

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.

Equipment:

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 strengths:

• 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.

Financial Performance:

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

*2 shops operating during relocation period – 2020 forecast based on half year results £220,000/£110,000

Asking Price:

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.

Advertising and Marketing:

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.

Growth/Key Opportunities:

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.

Premises:

The shop is located in prestigious premises in one of the most desirable lifestyle locations in the UK and is leasehold.

Business Hours:

7 days a week

Employees:

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.

Support and Training:

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.

Reason for Sale:

Retirement

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