Ref: GAT2166
Gator Business Sales are delighted to be able to offer for sale this highly regarded and consistently profitable interior design business.
Established by the vendors as a partnership in 2002, Interior Style operates from superb high street premises in the affluent and very attractive town of Alresford in Hampshire. The business offers a full bespoke interior design service, with projects ranging from a one-off piece to a complete room re-design. Complementing the design service is the sale of gifts, furniture and accessories, both through the shop and online.
Assisting the partners, and integral to the business, is an extensive group of highly skilled subcontractors which include a team of seamstresses, upholsterers, a carpenter, decorators, fitters, etc. The majority of these have been providing their expert services to Interior Style for many years, and it is expected that these relationships will continue post the sale which will ensure a smooth transition.
The business premises are a particular feature and offer a number of advantages to Interior Style. They are spacious and, as such, able to accommodate separate design studios for fabrics and wall coverings, together with an impressive retail and display area. There is also plentiful storage and an office. The rent charged, and offered to the purchasers of the business, is significantly below market rates for the size of the premises and its location in the town. Please see Lease Terms below.
As you would expect after more than two decades of trading, the business has built an exceptional supplier base. These include Colefax & Fowler, Tamarisk Designs, Coach House, Tilnar Art, etc.
This is the first time that Interior Style has been offered for sale and provides a fantastic opportunity to acquire an established and profitable business. The purchase would be particularly well-suited to interior design professionals, potentially working from home currently, who are looking to expand their range of services and take advantage of Interior Style’s stellar reputation. Our clients are very keen to see the business continue to thrive post sale, and a comprehensive handover will be made available to the new owners.
Property Details: Leasehold
Asking Price: £85,000
Turnover: £308,000
Trading Hours: The shop and design studio is open Tuesday-Friday: 10.00am-5.00pm. On Saturdays the shop is open for retail sales and enquiries. Additionally, the partners hold meetings with clients and subcontractors outside of the listed hours.
Employees: The business employs Saturday retail staff on a casual basis.
Location: Ideal location on a busy high street with complementary businesses adjacent.
Premises Details: Exceptionally well-maintained and beautifully presented double-fronted premises. The ground floor and basement provide approx. 88.85 sq m/956 sq ft of useable space.
Lease Terms: Our clients have a 5 year lease which determines in January 2027. The landlord is aware that the business is being marketed for sale and has indicated, subject to references, that they would be prepared to offer a new 5 year lease to the purchaser(s) to coincide with the sale of the business. Incoming rent would be as currently, that being £13,761 per annum, paid monthly in advance. There would be a rent review after 3 years.
Reason for Sale: Retirement and re-location of the founding partners.
To enquire about this business, please click button below