Profitable Picture Framers & Gallery Business in North Devon, Prime Location, Training Available
Barnstaple, Devon
- Status
FOR SALE
- Date Submitted:
30/03/22
- Advert ID
292961
- Leasehold: £45,000
- Rent: £12,000
- Turnover: £50,000 (£962 Per week)
- Net Profit: On request
Key Features
- Retirement Sale
- Offers Invited
- Fully Fitted
- Small Business
- Company for Sale
- Established Business
- Attractive Business
- Close to Local Amenities
- Town Centre location
- New Lease
Business Details
PICTURE FRAMERS & GALLERY FOR SALE NORTH DEVON
PICTURE FRAMERS AND GALLERY FOR SALE
Medina gallery is on 80 Boutport street in Barnstaple, north devon Ex3.1SR.
PRICE: Offers in the region of £45,000 for the leasehold.
The price includes fixtures, fittings, equipment, goodwill and stock.
§ Established 50 years
§ It is close to the town's High Street, Cinema etc.
§ Training available if required
§ Turnover circa £60,000
§ Owner run business
§ Turnkey operation
§ Rateable value: £11,000
SITUATION
The Medina Gallery is close to both the High Street and Cinema, on a busy thoroughfare with a lot of passing and chance trade.
THE PROPOSAL
We are inviting offers of around £45,000 for a new lease (£12,000 p. A. X). It includes all the trade fixtures, fittings, equipment and goodwill of the business and stock.
THE BUSINESS
Medina Gallery has been owned and operated by us for almost 50 years (40 years from this current premises). It is operated on easy hours and specialises in both bespoke and custom framing, mounting, box framing etc.
On the ground floor is the Gallery retailing prints, readymade frames and mounts together with original art. On the first and second floors are the comprehensively equipped framing workshops.
AGENT’S NOTE
Training will be provided as a part of the handover process. It is a perfect lifestyle or retirement opportunity, rarely available and ideal for those seeking to escape the rat race!
Get in touch for more information.
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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