Freehold Furniture Sales With Development Opportunity
- Asking Price: £995,000 +SAV
- Turnover: The business generated a turnover in the region of £195,400 as of the 2015 accounts. Gross profit 61%
- Tenure: Freehold
Hilton Smythe welcomes to the market Beds and Bedrooms 4 Kent. This family run business was originally established by our client in 1999. This is a long-established business that has an exceptional reputation within the area. The owner is now looking to sell the store, due to the desire to take a well-deserved retirement. The business specialises in the sale of beds and bedroom furniture. Majority of sales are beds; however, they also sell mattresses and bedroom furniture. Same day deliveries are available for all stocked products. Deliveries are popular in Kent but can be delivered to Sussex, Essex and South East London. An assembly service is also available upon request. The business generated a turnover in the region of £195,400 as of the 2015 accounts, with a gross profit of 61%. This is an excellent turnover, with scope to be easily doubled. The store is a great sized property and so the purchaser should look to utilise space further. Expanding stock ranges would allow for further product ranges. Additional furniture and home products would allow for extra sales. More branded products could also benefit the business. The business has two great website www.bedsdirectkent.co.uk & www.bedsandbedrooms4kent.comThe site allows customers to view product ranges and provides a large amount of information about products. The website is a great way of generating customer interest. Social media is also a productive way of advertising and promoting a business. This is an exceptional business that has been run to a very high standard. However, there is a large development opportunity to convert the property into residential apartments. This premises could house a minimum of 20 new apartments. Our client has spoken with an architect in regard to the property, but has not yet looked into retrieving planning permission; this should be something the purchaser looks into. Similar properties in the area have had planning permission granted for similar conversions. There is high demand in the area for housing. Above the property are two very large flats, which are included in the sale. One of the flats is a two bed and the other three bed. Rental income is taken from these self-contained flats each month. This is a fantastic Freehold business and development opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential.
The business is run and managed by our client, with the help of two family members and two delivery drivers.
The business opening hours: - Monday - Saturday: 9am – 5:30pmSunday: Closed
Beds and Bedrooms 4 Kent is located in Chatham, Kent. The business is situated on a busy link road to Maidstone and Kent. The area is filled with residential property as well as some independent retailers. Close by there is a funeral directors, takeaway, office block, Royal Mail depot and much more. This is a vibrant location. The front of the property faces out to the A2, a busy road that runs directly into London. The property is just a 5-minute walk away from the town centre of Chatham. Chatham has a great town centre that fronts the River Medway, a historic dockyard. This is a popular tourist town with all amenities and tourist attractions. Some points of interest include the naval buildings, Chatham dockyard, Dockyard Museum and the Jetstream Tours. The town has military connections and also has an army barracks. The town had a population of circa 77,000 as of the 2011 census. The business is set in a prominent trading location benefitting from two busy A-roads. The town centre receives heavy footfall and passing trade, due to the close proximity to London. Chatham is also a short drive to Rochester, Brompton and Gillingham. The town has a generous infrastructure with bus stops a short walk away and Chatham train station just a 5-minute walk away.
Beds and Bedrooms 4 Kent boasts a substantial sized mid parade property. The premises is well-signed and has large windows across the front, to allow for a bright interior. Steps lead up to the entrance, there is a ramp for disabled access. On entry is a large open plan showroom approximately 6,000sqft. As well as bed displays this floor also has two management offices, staff room and an additional property to the rear. There is a lift for the three floors and stairs leading down to the basement. The lower ground is used as a warehouse and storage area. This space is approximately 6,000sqft and has a customer and staff toilet. The basement is accessed from the lower ground level as well as rear street level. This is split into 2 areas. The first room is for storage and the second is used as a delivery area come staff room with office. Access to the delivery bay from here. Equipment included in the sale-Service counterDesksChairsShelvingRacksMicrowaveFridgesToaster KettleTables To the rear of the property is an inside loading bay, this has room for three large delivery vans. The bay is used for deliveries. This is secured with full height side opening shutter doors. The loading bay is a generous size, this is another warehouse and storage space. There are parking spaces for customers at the back of the property. The rear is signed again, clearly visible to passing trade. Included in the sale are two large flats set above the property. Flat 1Flat one is a self-contained flat with separate entrance from the shop. This has a hallway, large lounge, kitchen and bathroom plus two double bedrooms. This generates £585 per month. Flat 2Flat two again is a self-contained flat with separate entrance from the shop. This has a hallway, large lounge, kitchen and bathroom plus three double bedrooms. This generates £650 per month.
We are advised the business is being sold as a Freehold opportunity.