Home Furnishing, Lerwick, Retail Store, Shetland

Description

Home Furnishing, Lerwick
Retail Store, Shetland
Offers Over £100,000 + SAV, Leasehold

Summary

Home Furnishing is the ‘go-to’ home and furnishing store in Shetland

Thriving, successful well-established business

Once in a lifetime opportunity to embrace ‘Island Life’ and run a very successful business

Key Features
Excellent high street position
Established over 70 years
Outstanding repeat business
Net profit £70,000
Strong local community support
Long lease available
Multiple revenue streams
Free off-street parking
Opportunity to expand
Fully refurbished

Opportunity

Established in 1950, ‘Home Furnishing’ is an integral part of the Shetland community, well-established as the market leader on the island
Very profitable business and limited competition

Incredible opportunity for an experienced retail manager looking for their first venture with a stable and thriving business

Substantial opportunity for an owner operator

Fantastic business to add to an existing portfolio

Location

Situated on Commercial Road, adjacent to Lerwick Bus Station, the main road around the town centre, close to the port with free off-street customer parking

Lerwick is the capital of Shetland, as such is the business and retail heart of the island

Steeped in history, Shetland offers culture, scenery and history to tourists, as well as the best whale watching in UK waters

Main industries are fishing, oil, gas, and renewable energy

Priding itself as one of the most sustainable islands in the UK it also a UNESCO Global Geopark

Internal Details

Home Furnishing is a purpose built two-storey retail property, please see the attached floorplan for further information

External Details

Private off-street customer carparking for up to 24 cars

Development Opportunity

Prior the refurbishment Home Furnishing’s took the business online, this proved to be a phenomenal success, delivering over 1,000 parcels a week across Scotland

Home Furnishing relaunched their online sales platform in December 2022

Tenure

Nationwide Business Sales are pleased to offer ‘Home Furnishing’ to the market on a leasehold basis for ‘Offer Over £100,000 + Stock at Value’

The vendor will assign a new 15-year lease, with a passing rent of £36,000 per annum

Staff

All staff are subject to TUPE regulations

Financial

Accounts are available upon request

Other information

Home Furnishing has a dedicated website please visit https://www.homefurnishing.co.uk/

Shetland has a population of under 25,000, Home Furnishing’s Facebook page has over 4,000 likes and followers