Picture Framing Shop in Kentish Town For Sale

Situated in a parade, excellent trading position, residential, office and commercial area, NORTH LONDON. KENTISH TOWN

Turnover £ 4,000
Price £100,000

Features

Well Established Picture Framing Retail Shop with Prestigious Client Base

6 DAYS OPENING

Clients include, top interior designers and renowned galleries, national and international charities, many local celebraties, known photographers and the wealthy local neighbourhoods.

DOUBLE FRONTED PREMISES in the region of 500 ft² with ELECTRIC SHUTTERS. Woodstrip floor, ceiling with hanging lights. Work bench for picture framing

Workshop, with work bench, tools and shelving

Toilet with w.c. and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,000 p.w.

Staff

The business is at present operated by 2 partners with the assistance of 1 part time staff.

Trading Hours

6 Day week
MONDAY - SATURDAY 10 a.m - 6 p.m

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 8 years in 2023 with reviews every 4 years (next review 2027) at a current rent of £26,000 p.a.

Business Rates from April 2023 £3,535 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2015 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS OFFERS IN EXCESS OF £100,000 plus STOCK AT VALUATION (£5,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 50,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote