| Announcement |
327 |
| Type |
Selling |
| Sector |
Trade |
| Location |
Spain |
| Price |
0.4 m EUR |
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Title
Bed Store in Marbella
Description
Exclusive Bed Store for sale in Puerto Banús, Marbella
Turnover: 400 000 €
Asking Price: 400 000 €
Stock value: 50 000 € (not included in the price)
Years established: 2,5 years
Employees: 1
Trading hours: 10am to 14pm, 17pm to 19pm Monday to Friday
Location: Very good location
Property: Leasehold
Lease terms: 5 years renewable - Rent €3600 per month
Business description
A great opportunity to acquire a highly regarded and very profitable business, with a huge potential for further development. Operating at the top end of the market with an exclusive distribution agreement for the whole area of Marbella with a leading manufacturer of Scandinavian beds. The brand is very well known in many countries, and benefiting from very little similar competition in the area. The current owner has grown the business to become a significant and regionally famous enterprise, definitely becoming the local market leader. From its stunning purpose-designed showroom located in a world famous area, customers can select from a fantastic range of beds and the range of fittings and accessories. The product range is unmatched in the region and operates in a sector of the market that generates significant margins. Through bold pro-active marketing it has become a household name on the Costa del Sol, holding a significant consolidated market position, providing a springboard for a good expansion potential.
The brand is already represented in other locations in Spain. The buyer will benefit from national marketing campaigns on behalf of the manufacturer in 2008.
Only one person easily operates the business. The showroom opens from 10am until 19pm during the week and is closed on weekends, leaving plenty of free time to enjoy a great lifestyle on the Coast. The majority of clients are English speaking. There is a regular weekly delivery of new stock from the factory in Norway. An extern transport company makes all local deliveries. All originals for marketing, such as adverts, road signs etc, are highly professional made by the manufacturer without any cost.
Premises
The large showroom of 364 m2 is on a smart industrial estate, which is fast becoming the place for design companies to put down roots. It is well located near the main roads and offers easy parking outside. The freehold is available but is not included in the asking price.
Clients:
The company has a high profile in the local marketplace. The portfolio of customer’s includes English, Scandinavian, Spanish, Dutch, American, German, Arab, Italian, Hungarian, Yugoslavian and Russian clients. Interior decorating companies is another important group of clients. A lot of orders are also sent to the customer’s houses in other countries.
Key Strengths:
This business is perfectly positioned and very image aware. It has established a reputation for quality products and personal customer service. The quality and size of the showroom plays an important part in meeting customer expectation as created by the large and inviting branded displays. Marbella is a totally unique international marketplace with customers from a lot of different nationalities, many of them already aware of the brand or looking for quality beds. The products are distributed with exclusive rights for the whole Marbella area.
Expansion potential
There is a big potential for further strategic expansion. The recent addition of chairs and sofas from another well-known Scandinavian brand should yield immediate growth. There can be no doubt that significant growth in turnover and profitability can be achieved by establishing more relationships with the designers, architects, builders and developers that are involved in the prestigious building and refurbishment projects that are currently underway in the area and planned for the future in the surrounding areas of this business.
Competition / Market
The business has a highly selective and aggressive approach to advertising and marketing - targeting high net worth individuals – through advertisements in society magazines, websites, road signs, fairs and entries in the local directories. A high proportion of the business's revenue has been due to its very attractive premises generating high levels of awareness of the brand and its excellent reputation for quality and service and strong word of mouth recommendation.
Support & training
The current Swedish owner will continue to work close to the business, as he is also the agent for the brand in Spain. The reason for selling is that he is moving to Barcelona to start up another store there for the brand. The new owner would receive a full and comprehensive handover and support period by the seller, including a visit to the factory in Norway to participate in the brands school for all the sellers of their products.
Available at time of viewing are all accounts to prove turnover and profit, which would give any business minded new owner a very good income and which would also provide a solid working base and lifestyle for a working family who want to relocate to the sunshine and take over a very genuine established business.
Included in the sale is the lease contract on the premises, contract with exclusive sales rights for the area of two different top brands, registered S.L. company, website, client list and handover training and support.
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Price Format
. = decimal delimiter; m = million
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URL to this document
http://www.cosmotorg.net/ant.php?id=327
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Subject: Announcement 327
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About Sevanco (Cosmotorg Sponsor)
Sevanco is an expert in strategic solutions : investment, strategic alliance, new business, change of ownership, business development and brokerage.
Our services include analysis, strategy, consulting, management, marketing, research, valuation, negotiation, agreement, due diligence, transaction and closure.
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