Sold. Quality Furniture Retailer

Quality Furniture Retailer
Superb Prestigious High Street Location
Ref.AG130
Location Llandudno, North Wales
Asking Price £ 125,000
This retail business was set up by the vendor over 5 years ago and provides customers with a superb range of high quality oak furniture together with tables, chairs, sofas, beds and occasional furniture and accessories. The business moved to its current prime location a couple of years ago and now enjoys one of the most high profile locations in the town. In fact there had been a very well respected and successful furniture retailer situated on this site for many years previous and the current business benefits greatly from this association, so much so that it has quickly become a integral part of both the town and region it serves.

As an independent retailer the business enjoys sourcing a range of stylish mid-range furniture and accessories mainly from UK suppliers. With constantly changing stock the company is proud to offer customers something personal and unique that will enhance their homes. The business knows its demographic market and offers a range of both contemporary and traditional dining furniture, chairs, beds and sofas as well as distinctive accessories that ensures good levels of demand.

Most of the products offered are “non-branded” which ensures the company enjoys a degree of exclusivity in the region, not to mention good profit margins. This is not to say the products are not of a good quality, they are, (the majority being UK sourced) as the market it serves demands this as it is relatively affluent with a high level of disposable income.

The business is run under management, staff are experienced and self motivated and highly effective. This can be demonstrated by the impressive profits the operation generates. It also allows the vendor the freedom to develop his other business interests.

Expansion Potential
The business is currently enjoying good growth both in terms of sales and profitability and this trend is expected to continue as the local economy is strong.

The area also enjoys high levels of tourism and because of this the business has a customer base that extends beyond the local community.

There are very few retailers of a similar nature or size in the area. This together with the excellent reputation, knowledgeable staff and levels of service sets this business apart. The business is well positioned for future growth as all the necessary foundations are already in place.

Market / Competition / Non-Competition Agreements
The business does not need to do any traditional forms of local advertising such is its high profile location in the town and historical associations. It does utilise its substantial shop frontage to good effect with various forms of point of sale and also undertakes some mail shot activity to its growing database (circa 1200 contacts). It also has an informative website.

However a high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation.