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SheeshamAvenue.co.uk Furniture Business

This business, which was established 3 years ago, deals with the sale of high quality, hand crafted furniture produced from exotic hardwoods such as Sheesham, Mango and Acacia. The sales are primarily achieved through the company's own web site and its Ebay shop. Consequently the business can be operated from anywhere in the UK. We have achieved a reputation for providing quality furniture, reliably and on-time. This is evidenced by the fact that sales and profitability of the company continues to increase each year.

Private Seller

Turnover:

£50000 Gross

Net Profit:

£20000 - £30000 Current

Training / Handover

Neg

Full Sale Price:

£39,000

Business Sale Type:

Full business transfer

Private Seller:

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Business Info:

The company has compared suppliers in India and Pakistan and has established good relationships with an exclusive number of reliable, high quality suppliers. It has also developed relationships with select UK wholesalers who can meet the exacting standards set by the company. Throughout the last 2 years the directors have also retained their full time employments and the business has, in effect, only been operated on a part-time basis. The asking price for the business reflects the actual profitability during those years and takes no account of the potential that could be obtained should new owners operate the business on a full-time basis. A potential buyer may therefore be acquiring a part-time business to provide a considerable additional income or looking to build a substantial full-time venture. The current owners know that increased profits would invariably be achieved if more time was available. For example, over the last 2 years, the overseas suppliers have primarily been used solely for the production of bespoke furniture to meet customers orders. Sourcing from these overseas suppliers is more profitable, but most sales have been met from UK Wholesalers who ship to customers directly and is therefore quicker and simpler. These UK suppliers mean higher buy-in costs. The profitability would therefore increase with an extended use of our overseas suppliers. Our web-site and Ebay shop are highly active and the former has a significant number of "hits" and is well placed on all search engines. This is despite comparatively little marketing. Turnover for the current financial year is projected to be close to £60,000 with a projected profit for the owner of the business of around £23,000. Both these are slightly higher than the previous year. Annual accounts available. A buyer will obtain: A business producing a significant additional income from part-time involvement with potential for substantial profits as a full-time venture. A high quality web-site and an established Ebay shop with 100% approval rating. An introduction to reliable, good quality, competitive overseas suppliers and UK warehouses. An existing customer base that already show loyalty to the web-site and Ebay shop. Full training on the web-site access and Ebay systems.

Business Years Est:

3 Years

Business Location:

Anywhere in the UK

Business Employees:

One (1)

Business Competition:

Small

Included in Sale:

A high quality web-site and an established Ebay shop with 100% approval rating. An introduction to reliable, good quality, competitive overseas suppliers and UK warehouses. An existing customer base that already show loyalty to the web-site and Ebay shop. Full training on the web-site access and Ebay systems. There is some stock available for which a further price can be negotiated.

Website Address:

www.sheeshamavenue.co.uk

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