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Business For Sale. Furniture Retail

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Asking Price: (735,000‚?¨) plus stock at value. Leasehold
Price reduced to 490.000‚?¨

‚?Ę2 Exceptional Retail Sites
‚?ĘPrime City Centre Location at Principal Shop
‚?Ę‚??Furniture Destination‚?? at Second Shop
‚?ĘHigh Gross Margins
‚?ĘStaff Run
‚?ĘTurnover in excess of ‚?¨1million and growing
‚?ĘSeparate Warehouse Facilities
‚?ĘVery Low Overheads
‚?ĘPotential to open further sites
‚?ĘSale includes SL Company
‚?ĘRenewable 10 Year Leases
‚?ĘScope for extensive international travel if desired

A rare opportunity to acquire a very long established and highly profitable imported furniture retail business with two excellent retail sites within Mallorca. Despite its considerable success, there is still considerable scope for further
development through internet sales and/or the establishment of further sites
both within the island of Mallorca and elsewhere in Spain.

The principal retail site is located within a highly desirable area on the outskirts of the centre of the city of Palma, close to the port. The shop occupies a highly visible corner position on a busy road and comprises 240m2 of retail area on the ground floor with toilets and office/store room. To the lower ground floor there is 200m2 of additional space, which the present owners use as storage, but which is ideal for additional retail space.

In addition to the sale of furniture, the present owners also operate a ladies fashion business from the shop which does not comprise part of the business being sold, purchasers of the business can however maintain a portion of the retail space allocated to the sale of clothes which the current vendor is willing to supply.

Whilst some of the current furniture lines are sourced within Europe, the majority are imported by our clients directly, principally from India and Indonesia. Full assistance initially and if desired on an ongoing basis will be provided by our clients in maintaining and developing supplier relationships.

The second site is located a short drive outside of Palma within an area that has become known as a furniture shopping destination and comprise of a modern unit with circa 125m2 of retail space to the ground floor with a further 125m2 split across mezzanine and first floor.

The Palma premises are held on a renewable 10 year lease with rent which is inflation linked at a highly competitive ‚?¨2200 per month. The second shop again is on 10 year lease at a monthly rent of ‚?¨1500.

There is a separate warehouse facility a short drive from both shops at a rent of ‚?¨600 per month.

Viewing Arrangements

Interested parties are advised that this is a confidential sale and as such members of staff at the premises may not be aware that the business is on the market. No direct approach to the premises should be made and all viewings should therefore be arranged through the vendor‚??s agents RTA.

RTA will be happy to assist with flight and accommodation arrangements to facilitate a viewing and bi-lingual staff will be on hand when you arrive.