Leading Vintage Furniture Business

Leading Vintage Furniture Business

Stock Included: — Stock Value: 350,000

Years Est: — Gross Revenue: —

Location

The business retail outlet is centrally located near the Sydney CBD. The shop front has extensive passing traffic as it is on a major thoroughfare. The retail outlet has been there over 10 years.

Potential

Any new owner will have the opportunity to increase the volume of product on offer. The businesses reputation in the market will allow the new owner to market the product and services to an ever-expanding target market.
In terms of growth, the business has a social media presence that is now generating many leads for the business. It also has seen a significant growth in the corporate market looking to display and have the best furniture in their offices.
Vintage and quality furniture has seen a major resurgence in Australia.

Training

Passion!
It is often a word not used in selling a business and yet it describes both the owners and its client base. As mentioned, the furniture is of the highest quality and some of the designers of the furniture on their catalogues are sought out by individuals and the corporate sector alike.

The person/s that buy this business do not have to have a design degree but need to be prepared to learn the business. The current owners use a buyers agent in Europe to source 90% of their product range.

Trading Hours

Monday to Friday - 9am to 5pm
Saturday - 10am to 3pm

Lease

Current Lease ends in November
With a 3 x 3 option with landlord open to longer terms

Reason For Sale

The current owners are looking to move to the Far North Coast of NSW to be closer to family.

About The Franchise

Key Points
• Recognised as one of a handful of Design Vintage Furniture specialists in Australia
• Centrally located near the CBD of Sydney
• Strong brand recognition across various sectors of furniture, fashion and Architecture
• Approximately 20% of income is generated by hire of furniture for various roles.
• The company also offers restoration and upholstery services
• Large data base of existing clients both Retail and Corporate

The bulk of furniture is soured from Europe but especially from Denmark. The owners have a very close relationship with the buyer agent in Denmark and are in contact with him at least once every 2nd day. The business imports around 3 large containers of furniture per year.

80% of the retail clients will purchase from the store multiple times. As mentioned before, the business also has a great database of clients that hire the furniture for various reasons.

The business does have distinct sections that generate the company’s income. The owners have concentrated on diversifying the business model from just sales to ensure that it is protected from external influences such as a weak retail numbers.

Import and Sales of Furniture -75% of Sales (Vintage and Designer)

Styling, Staging and Product Hire -20% of Sales ( Movie and TV sets, Stylists, Fashion, Theatre Sets)

Restoration and Upholstering - 3% of sales (In-house restoration, Specialists upholsters)

Consignment / Sourcing - 2% of sales (Consignment of furniture, Sourcing specific furniture upon request)

Years Established

Shortly after meeting in 2000, the owners started a business in their spare room where they designed lampshades and restored vintage lamps.
As they spread their wings and began sourcing local furniture the business grew. And as they extended their scope further abroad, the current business model came into being, offering the best and rarest pieces of mid-century furniture. With a belief in the value of investing in furniture for a sustainable future, the owners have built and very strong business

Financials

Period (per Year)

Revenue $1,100,000

Rent $145,680

Expenses $787,164

Net Profit $167,156

Additional Details

Approximate Stock Value: 350,000
Status Changed: 2019-08-13