Well established and highly profitable ART GALLERY
No direct contact is to be made on the vendors instructions,
viewing is only via appointment only - Please register
for free to see full location details
WE ARE INFORMED the turnover averages £6,500 p.w. in our opinion offering further potential to increase in the right hands. We are further advised that the sales year ending 31st March, 2006 showed £300,458 with a gross profit of £138,090.
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £70,000 plus STOCK AT VALUATION (minimum £200,000)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features
Outstanding opportunity to acquire a highly profitable ART GALLERY specialising in orignals and limited edition pictures. In addition a certain amount of picture framing is accepted, this work is contracted out.
The business enjoys a high turnover and has the advantage of an active website. The vendor enjoys a good turnover from retail customers, including orders from the website, together with trade customers.
ART GALLERY approx. 450 sq. ft. with laminated strip floor, suspended ceiling with concealed lighting, spotlighting, picture display units, computer system.
Storage area at rear plus store shed
Staff
The business is at present operated by the vendor with the assistance of 1 part time staff.
Opening
Hours
Monday - Thursday inclusive - 9.30 a.m. - 5 p.m.
CLOSED ALL DAY FRIDAY
Saturday opening - 10 a.m. - 5 p.m.
NO SUNDAY TRADING
Tenure
We understand the premises are held on a secure renewable lease for a period of 10 years from September, 2005 at a current rental of £7,750 p.a. exclusive of rates up to September, 2010, with rent to be agreed thereafter.
Uniform Business Rates: £1,800 p.a. approx. + water rates
THIS LUCRATIVE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 5 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
THE VENDOR, IN OUR OPINION, HAS DECIDED TO OFFER THE BUSINESS AT A VERY COMPETITIVE PRICE WHICH IS TO INCLUDE A STOCK FIGURE IN RESPECT OF ORIGINALS & LIMITED EDITION PICTURES HAVING A TOTAL MINIMUM VALUE OF £250,000.
