Sold
Beautifully Presented Soft Furnishing and Interior Business
Farnham, Surrey
- Asking Price: £50,000 +SAV
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Turnover:
The business generated a healthy turnover of £275,000 in 2018 with an adjusted net profit of around £80,000.
- Tenure: Leasehold
Hilton Smythe are delighted to present to the market Melanie Nelson Interiors, established by our clients in 2015.
We are informed there has been a specialist curtain making business in this shop unit for over 28 years, which is a significant factor in the level of footfall the business enjoys.
Our clients are now placing the business to market due to retirement. They have advised a price to market considerably under the true valuation we would place on the business to gain a very quick sale. We would therefore like to advise early viewing on this fantastic business opportunity to avoid disappointment.
The business enjoys a very consistent Turnover with the adjusted net profit for the year in the region of £80,000.
Melanie Nelson Interiors is a soft furnishing interiors business primarily offering bespoke curtains and blinds to perfectly suit the homes of its clients. We are advised there is an even split between the curtain and blind sales with the majority of customers selected from the extensive range of fabrics available in-store.
Our clients inform us there are over 500 different books of designs to choose from, the brands they offer include -
- Osborne & Little
- Designers Guild
- Jane Churchill
- Sanderson
- Clarke & Clarke
- ROMO
The majority of the work carried out concentrates on the affluent domestic market within the area, but they can also confidently fit larger requests for school blinds and offices.
The business is renowned for its high level of service, product knowledge and quality of fitting, all managed in house. At any one time there can be over 20 jobs in the pipeline of varied sizes and cost.
Our clients admit they run the business to suit and enjoy much repeat business through existing customers and word of mouth. Any new buyer would benefit from investigating any of the following areas to further boost the current sales levels/profit levels -
- Advertising - no current advertising is undertaken, local magazines, shows and events including newspaper, social media would instantly boost new awareness of the business
- Increasing soft furnishings, furniture and accessory ranges. There is a large full height cellar space currently unused by our clients which would quickly double the potential retail space. (The use of the cellar for this purpose has already been agreed by the Landlord).
- Reducing overheads - reviewing both rent, rates and staffing costs could contribute to a significant reduction in costs and instantly increase profit levels.
The business is run and managed by our clients on a part time basis with the help of 3 x part time members of the team also.
SUNDAY - Closed
MONDAY - Closed
TUESDAY TO SATURDAY - 10am to 5pm
Melanie Nelson Interiors occupies a highly enviable trading position along West Street, in the Centre of Farnham, Surrey.
West street offers an excellent choice of high end independent retailers, trusted high street branded stores such as Waitrose and Cote, estate agents, a post office, Farnham library and main banks. It also faces St. Andrews C of E infant school, 2 minutes up from Farnham Town Football Club and the University for Creative Arts.
Farnham is a very affluent town in the heart of Surrey, within the borough of Waverley situated just 34 miles southwest of London and 11 miles east of Guildford. The area offers a beautiful choice of period property as well as being a hotspot for new build developments looking to cater for the growing younger professional market.
The town is accessed just off the A31 which connects to the nearby A331 and busy M3 motorway linking Southampton to London.
Nearest mainline station is Farnham less than 2 minutes away.
The business benefits from having a large pay and display car park directly behind.
Ground floor - display cabinets to both sides displaying the choice of design books. A large window display space is used for soft furnishing ranges and a large work table dominates the centre of the shop.
Rear - private admin office with selection of desks and PC.
Newly fitted kitchen area, small stockroom and staff toilet.
Cellar - full height space equal to the size of the main shop. (Access is from the back left of the shop).
Rear external - private yard area, ideal for staff use.
Tenure
We are advised there is a renewable 5 year Lease in place with 1 year approximately remaining paying just £18,990 per year.
The Landlord is keen to renew this to any preferable terms by any new owner.
Business rates payable are £3,500 per year currently.
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