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Reference M4897

A RARE ART, CRAFT & OFFICE STATIONERY BUSINESS in South London For Sale

A  RARE ART, CRAFT & OFFICE STATIONERY BUSINESS in South London For Sale
A  RARE ART, CRAFT & OFFICE STATIONERY BUSINESS in South London For Sale Buy a A  RARE ART, CRAFT & OFFICE STATIONERY BUSINESS in South London For Sale Sell a A  RARE ART, CRAFT & OFFICE STATIONERY BUSINESS in South London For Sale A  RARE ART, CRAFT & OFFICE STATIONERY BUSINESS in South London For Sale for Sale A  RARE ART, CRAFT & OFFICE STATIONERY BUSINESS in South London For Sale for Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, SW LONDON

Turnover 6,500
Price 50,000

Features

Well Established and Rare Art, Craft & office Stationery Business Recently Reduced For Early Sale To 50,000 Plus Stock At Valuation

This well established family business specialising in the sale of stationery, art & craft materials plus general & personalised social/wedding stationery which is fully outsourced. The premises, conveniently situated for the tube & buses also benefits from being in an affluent neighbourhood of a thriving community of home owners, large & small independent businesses including restaurants/bars, private schools & clinics. In our opinion there is an outstanding opportunity to further the growth of the business in the right hands to target the unexploited audience with a mixture of direct mail marketing, Ecommerce online activity, rebranding & remerchandising of the product offering at hand.

The business has been established for approximately 150 years and has been in the same hands for approximately 32 years.

SPACIOUS SALES SHOP. Total area in the regionof 1,019 sq. ft. including office at rear. 2 air conditioning units. Woodstrip floor, ceiling with spotlighting, shelving, display stands, counter, electronic cash register.

Rear office
Kitchenette area
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover is in the region of 6,500/7,000 p.w inclusive of VAT in our opinion offering tremendous potential for further development in the right hands We are further advised that the sales year ending 31st March, 2017 showed 310,871 net of VAT with a gross profit of 124,150 i.e. 40% approx. We understand approximately 75% of the turnover comes from the retail shop with the balance of the turnover from regular corporate clients who order by phone or e-mail. We understand there is no e-commerce website for the business & in our opinion there is terrific potential to develop a website.

Staff

The business is at present operated by the owners on a part time basis with the assistance of 1 full time plus 1 part time staff.
In our opinion this is an ideal business for a husband & wife team with perhaps 1 part time staff.

Trading Hours

Monday - Friday inclusive - 9 a.m. - 6 p.m.
Saturday opening - 10.30 a.m. - 6 p.m.
NO SUNDAY TRADING (in our opinion there is terrific potential for Sunday opening, if desired).

Tenure

The vendors own the freehold and subject to satisfactory references are prepared to grant a new 16 years full repairing and insuring lease at a rental of 37,500 p.a. exclusive of rates for the first 4 years with rent review at that time which we understand will be at market value or retail price index whichever is the higher. We are further advised that the rent reviews will be very 4 years.

Uniform Business Rates: 13,500 p.a. approx.

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 32 YEARS AND IS NOW OFFERED FOR SALE DUE TO RETIREMENT

OUTSTANDING OPPORTUNITY TO ACQUIRE A WELL ESTABLISHED STATIONERY, CRAFTS, ARTISTS MATERIALS PLUS GENERAL PRINTING BUSINESS WHICH IN OUR OPINION HAS TREMENDOUS POTENTIAL FOR FURTHER DEVELOPMENT IN THE RIGHT HANDS.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS
50,000 plus STOCK AT VALUATION (30,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 25,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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