Established in 2002, this independent Pine & Oak Furniture retailer has built a stellar reputation for offering premium, ready-assembled furniture. Situated on a high-traffic high street, the store benefits from consistent footfall, ensuring steady in-store sales. With exceptional online reviews, including 5 stars on Facebook and 4.9 stars on Google, this business has earned the trust and loyalty of customers both locally and across the UK.
In addition to its strong physical presence, the business operates a highly successful e-commerce platform that offers delivery nationwide, further expanding its reach and revenue potential. This is a turnkey operation, ready for immediate management by a sole trader, with no need for staff or prior experience. Full training will be provided to ensure a seamless handover and transition.
The business is only available due to the current owner’s wish to retire, providing a fantastic opportunity for a new owner to take over an already profitable and well-regarded venture. Whether you wish to grow the team or develop the online side of the business further, there is excellent potential to increase turnover. Moreover, the option exists to purchase the business without taking on the premises, allowing for flexibility in how the new owner chooses to operate. This is a rare chance to acquire a thriving, well-established furniture business with strong market presence, loyal customers, and abundant growth opportunities.
THE PREMISES: The E class retail premise is located on Ditchling Road which is a busy main road which runs parallel to London Road and is adjacent to Brighton’s Open market. Due to this location the premise benefits from a very high footfall throughout the year. The premise has a large retail space with a kitchenette and toilet to the rear of the premises. The premise underwent some refurbishment including decorating with brand-new flooring fitted throughout. The vendor is also permitted to use the loading bay for deliveries and collections. The premises is also fitted with air conditioning, CCTV and a security alarm.
TURNOVER: The furniture shop’s current opening hours are Tuesday-Saturday 9:30am-5:30pm and is just run by the vendor. The average weekly turnover is £6,000 per week, with 80% of sales coming from their website and the remaining via the shop premises. The latest accounts show a pre-tax net profit of £40,221. There would be substantial opportunity to grow the business both through physical shop sales and also through promoting/advertising the business online.
TENURE: The premises is held on a licence which is renewed annually. The current rent is £8,826.36 per annum. Water charges are also included in the rent, with only electricity to pay.
RATES: We have been verbally informed that the Rateable Value is £7,900 and the current Rates Payable amounts to zero. Prospective occupiers should make their own enquiries to verify same.
PRICE: We are instructed to quote for the goodwill, licence, equipment, trade fixtures and fittings £80,000 SAV – Stock estimated at £15,000
LEGAL FEES: Each party to be responsible for their own legal costs.
VIEWING: On no account should any approach be made to the Manager or the staff without a prior appointment through the vendor’s agents, Watkins Commercial, Telephone: 01273 709090.
ENERGY PERFORMANCE CERTIFICATE: The premises has been rated a band B and the full report is available upon request.
DISCLAIMER: Neither the Vendor nor the Agent gives or implies any warranty that the premises are fit for any particular use or that they comply with any relevant regulation or statutory requirement. The agents have not tested any apparatus, equipment, fittings or services so cannot verify that they are in working order. The buyer is advised to obtain verification from their solicitor or surveyor before proceeding with the purchase. VAT: All prices and rents are quoted exclusive of VAT. Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.
MORTGAGE & FINANCIAL PLANNING: We shall be pleased to assist any purchaser in arranging finance to acquire this business or any other business you may be considering subject to status.
Prop. Ref: 6744C
These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract
APPLICANTS CONFIDENTIALITY AGREEMENT
I understand and agree that any information regarding any business supplied to by Watkins Commercial will be kept strictly confidential. I also undertake that I will:
i) View businesses registered with Watkins Commercial by appointment only.
ii) Not contact any owner, staff, suppliers, competitors or customers of any business
registered with Watkins Commercial
iii) Not pass on any information supplied by Watkins Commercial to any third party other
than a professional advisor et. Bank, solicitor, surveyor accountant, etc.
iv) Submit any offers direct to Watkins Commercial with whom I will conduct all
negotiations
v) Be liable for any commission which would have been due to Watkins Commercial
should I be party to negotiations or actions which seek to preclude, or are contrary to
the interest of Watkins Commercial
