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Kingsteignton Road, Newton Abbot, Devon, TQ12

£49,950
110 sq. m.

Property Description

Commercial information

  • Business for sale
  • 1,184 sq ft (110 sq m)

Key features

  • REF: 13707 i
  • LEASEHOLD
  • INTERIOR DESIGN BUSINESS
  • FURNISHINGS

Full description

Tenure: Leasehold

BUSINESS
Hilton Smythe welcomes to the market Fanfare Interiors Ltd. The business was originally established in 1975 and was taken over by our client and relocated in 2000. Since then our client has expanded the business to a very high standard. The owner now looks to sell the business; due to the desire to focus on other business interests.

The business runs as a soft furnishings retailer. They offer an exceptional range of products, this includes fabrics, wallcoverings, cushions, blinds, tracks, poles and all sorts of accessories. They also specialise in the production of custom made curtains, loose covers, pelmets, valances, bedspreads, headboards and many more soft furnishings. They cover a large area of the South West peninsula, taking in Cornwall to the West and up to Yeovil in the east. A consultation service is available free of charge to customers at their homes.

Fanfare offer products from designer brands, this includes Cole & Son, James Brindley of Harrogate, Anna French, Nina Campbell, Liberty, Romo, Harlequin, Brian Yates, Lorca and many more.

Fanfare Interiors Ltd generated an advised turnover of around 176,000 as of the 2016 accounts, with a gross profit of 45%. This is a healthy turnover, with scope to be increased. Although, the business receives a generous amount of repeat loyal trade. We feel the purchaser should look to arrange contracts with local building firms. Offering their services for show homes could allow for a generous amount of trade.

The business has a website, this has been completed to the highest standard. This can be found at www.fanfareinteriors.co.uk. The site is easy to use and has an online enquiry form for potential customers to fill out. The business has a Facebook page, this is regularly updated and has over 150 followers. Social media is a great cost effective way to market a business.

This is a fantastic opportunity that would be ideal for a husband and wife team or partnership. The business has been well run and comes fully equipped. Hilton Smythe highly advise early viewing to take in the full potential of the trade.


LOCATION
Fanfare Interiors Ltd is located in Newton Abbot, Devon.

The business is situated in the centre of a busy retail and business park adjacent to lots of other independent and complimentary operators. There is ample free parking in the area for staff and customers.

Newton Abbot is a market town filled with quirky independent retailers as well as large well-known chain stores. The town hosts regular markets which draws in huge footfall throughout the year.

The industrial estate is located just off a main road in the town. Newton Abbot town centre is also just a short 15-minute walk away. There is a train station in the town, this has regular daily routes into Plymouth, Paignton, Dundee, Exmouth and London Paddington.

PREMISES
Fanfare Interiors Ltd is set in an industrial style building. The business has ample parking in the area and the property is well-signed. An entrance door leads into the retail space. There is a large window on the front, secured with a roller shutter. This is used for eye-catching displays.

GROUND FLOOR-

Tastefully presented show room completed to the highest standard. The area has been well maintained looks modern and has a contemporary look. On entry is the front of house sales counter, a door to the side blocks off the staffing areas.

To the left of the retail area is a long retail space with bespoke shelving for material books.

Other areas include office, ancillary and seamstress room. Further ancillary and storage with WC and kitchen.

Modern 2012 plate delivery van. The van is fully signed, great for advertising.

FIRST FLOOR-

Sublet income from upstairs offsetting annual rent down by 6,000 per annum.

TENURE
We are advised the business is being sold as a Leasehold business opportunity.

Original lease length: 10 years
Remaining lease length: 6 years
Rent: 12,500 per annum

HOURS
The business opening hours:

Monday - Friday: 9am - 5pm
Saturday & Sunday: Closed

STAFF
The business is run and managed by our client, with the help of one full time, one part time members of staff and various seamstresses and upholsterers.
Sub-contract.

FINANCIAL PROFILE
Fanfare Interiors Ltd generated an advised turnover of around 176,000 as of the 2016 accounts, with a gross profit of 45%.



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