Sold

The Bed Shop Nuneaton Warwickshire CV11 5LF

Nuneaton, Warwickshire

£119,950 +SAV

Ref: 2968

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Description

Hilton Smythe is delighted to welcome to the market The Bed Shop. The store is a family run business and was originally established in 1999. Our client is now reluctantly selling the store due to the desire to take a well-deserved retirement.

The bed shop generates a healthy turnover from the sale of beds, bed frames, drawer divans and more. This includes some well-known brands such as Silentnight, Myers and Sumberland.

The current turnover for the business is approximately £259,000 per annum with a gross profit of 48%. This is a great turnover however we feel this could be increased massively by advertising the business to a more further afield. This is a well-known business and is the go to place in the town but could benefit from more custom. The owner offers free delivery with purchases, the delivery van is included in the sale. The business could also benefit from opening later hours.

There is already a website www.thebedshopnuneaton.co.uk which has all information on the business including the history. The website promotes a range of products sold at the store. The website could be improved on by having a full listing of the stock and also a price list.

This is the perfect opportunity for a purchaser looking at this type of business. The bed store has been run at a steady pace by our client and would highly benefit from a hands on hard working new owner.

We are advised that our client would be willing to offer a hand over period to the new owner if required. Our client would also allow for the purchaser to pay for the stock on a monthly bases. This will split costs and help the owner settle in.

Hilton Smythe highly advise early viewing to avoid missing out on this fantastic opportunity.

Tenure

Leasehold

We are advised the business is Leasehold.

Original lease length: 3 years
New lease to be offered
Rent: £25,000 per annum

Hours

The business is open-

Monday - Saturday: 9am – 5:30pm
Sunday: 10am – 2pm

Staff

The business is run and managed by our client and his wife with the help of 1 full time member of staff.

Financial Profile

The business generates a turnover in the region of £259,000 per annum.
With a gross profit of around 49%

Location

The Bed Shop is located in Nuneaton, Warwickshire.

The business is situated in a large prominent corner trading position on a busy shopping street. The area is filled with a range of complementary businesses such as food outlets, hair and beauty salons, convenience stores and more. The store is also directly facing a Lidl, which has a large carpark for customers. The area is filled with all amenities and there is free parking throughout the town, the property also comes with its own car park for customers and staff.

The business is located on a busy main road in the centre of Nuneaton. The area is served well by great road connections. The business is just a short 2 minute drive from the A444 which is an arterial A-road that connects to the A5 and the M5 motorway. Leicester and Coventry are both just a short drive away. Leicester is approximately 45 minutes away or just 30 minutes away using the regular trains at Nuneaton train station.

Premises

The business is well presented with noticeable signage. Around both sides of the shop are large display windows. The store benefits from this two floored premise as there is a fantastic amount of space.

The retail space is very generous and has many split level flooring areas and high ceilings. The large windows allow for a light and airy interior. The property also has fluorescent lighting and a gas fired forced air heating system.

On this floor is also access to the rear yard, office area with two desks, wc and a kitchen. The kitchen has a circular stainless steel sink with cupboards beneath, Triton water heater and hand wash basin.

On the first floor are two generous sized rooms with windows to front currently used for storage.

There is a yard to the rear accessed via double gates and used for customer parking and deliveries. Also included in the sale is the sign written van which is used for deliveries.

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