Hilton Smythe welcomes to the market Victoria Street Furniture which has been a family run business since 1998 and run by the two brothers since 2011. The current owners are now looking to move to different parts of the globe, hence the sale.
Victoria Street Furniture sells mainly quality oak furniture and beds from its two storey showroom at sensible prices and has a large customer base from the many years of trading. Weekdays mainly sees retired customers, but the weekend sees a whole range of demographic.
The business has seen rivals come and go in recent years and is now the main oak furniture and bedding store in the town. There is a website www.victoriafurniture.co.uk, but this is mainly used to show the range and can be improved to create more sales and activity.
There are current staffing levels of 3, which can be increased to 4 in order to help on deliveries, the website could be improved to create more sales activity and there is room for more stock and diversity of stock in the showroom.
Hilton Smythe highly advise early viewing to avoid disappointment.
TENUREWe are advised the business is being sold as a leasehold business opportunity which is currently a rolling lease, and we have been advised that the landlord KP Glass is comfortable with setting up a new lease.
The current rent is £2000 per month and rates are £950 per month over 10 month
HOURSThe business opening hours:
Monday-Friday: 9.00am -5.30pm
Sunday: 10.30am - 3.30pm
STAFFThe business is run and managed by our clients with the help of 1 full time member of staff.
FINANCIAL PROFILEVictoria Street Furniture generated an advised turnover of circa £246,900 as of the 2016 accounts, with a gross profit of £119,393 and net profit of £55,218.
Victoria Street Furniture is located in the town centre of Kettering within Northamptonshire.
Victoria Street Is located just off the busy main street where you will find all local shops and transport links.
The business benefits from parking to the rear allowing for several vehicles.
Victoria Street Furniture is entered from the front via double glazed doors from Victoria Street and from the rear via double glazed doors directly from the car park.
The ground floor consists of a large open plan show room with an office and sanding room off. There are two sets of stairs to the first floor where you will find another open plan show room, painting room, store rooms, staff kitchen and toilet.
Outside to the rear and car park.
There is a fixed warm air heating system fired by gas.
The Renault Master van, registration number GR07***is included in the sale along with an air compressor in the spray room.