Picture Framers and Art Gallery in Hertfordshire For Sale

Situated in a Parade, excellent High Street trading position, residential, office and commercial area, Herts.

Turnover £ 1,270
Price £50,000

Features

Picture Framers & Gallery

4 DAYS OPENING

SINGLE FRONTED PREMISES in the region of 320 ft² with wood strip floor, suspended ceiling with LED & spot lights, sales counter, cash register

Art Gallery Section

Workshop to rear

Shared Toilet and Kitchen

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,270 p.w. with a Gross profit of 50% approx.

Staff

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

Trading Hours

4 Day week
WEDNESDAY - SATURDAY 10am - 4pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2017 with reviews every 5 years (next review 2027) at a current rent of £9,960 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2011, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £50,000 plus STOCK AT VALUATION (£5,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

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