_Business_
_Please quote reference_ _B07492_
Hilton Smythe are delighted to welcome to the market North East Sofas Direct,
a highly rated furniture retailer based in Hull.
The business opportunity was first established by our client in 2021, building
up an excellent reputation and a regular client base. As seen by the online
ratings and reviews, the business is extremely popular within the region.
North East Sofas Direct has now come to the open market due to our clients
other business interests.
The business predominantly sell sofas with armchairs, footstools, garden
furniture & interior furniture, but the have a heavy focus on the resale of 2
main high street brands - Habitat & Sofology.
The sales a split with 70% being third party delivery orders and 30% being
order managed inhouse.
Majority of sales are derived through the several online platforms – these
include their own ne sofas direct website, Facebook & eBay, some sales from
physical viewings to the storage unit.
The business offers payment plans via Klarna & PayPal Credit and boast a 5*
rating on Trustpilot.
Key selling points:
* Fully functional website & social media platforms
* 20K worth of Stock included in the selling price
* Excellent supplier agreements in place
* New lease of thier1500Sq ft unit available
* Excellent reputation built on 5 star customer reviews
* Huge potential with a structured business/marketing plan
* Business handover offered
Scope for further development:
* Increase the number of hours worked within the business
* Increase current advertising spend
* Expand the current range
* Reduce current running costs (ideal bolt on to another similar online supplier)
_Location_
The business operates out of a unit within an industrial site in Hull.
K3 Business Park (located just off the busy Clough Road and is surrounded by
other destination retailers (such as Dunelm Mill).
The business is located 2 minutes from the centre of Hull.
_Premises_
The business is in a 1500 sqft secure warehouse unit and has communal kitchen
facilities, W/C and breakout meeting rooms.
The Unit has a metered electrical supply.
The business also benefits from having a large car park on site with secuirty.
_Tenure_
We are advised that the business is being sold on a leasehold basis, currently
on the original 2 year Lease.
The rent is £1, 300 per month.
_Hours_
The business trading hours are:
Monday to Sunday - 09: 00am to 17: 00pm
The business does however operate 24/7 through the online e - Commerce site and
social media platforms.
_Staff_
The business is run part time by the 2 owners.
_Financial Profile_
We are advised as per the 2023 accounts, the turnover is in the region of
£80, 000.
_Please quote reference_ _B07492_

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