Premium Picture Framers & Gallery Business for Sale in Barnstaple, North Devon
Barnstaple, Devon
- Status
FOR SALE
- Date Submitted:
31/03/22
- Advert ID
293036
- Reference
3157 / Rightbiz
- Call Agent:
- Leasehold: £45,000
- Rent: £12,000
- Turnover: Not Applicable
- Net Profit: On request
Key Features
- Town Centre location
- Close to Local Amenities
- Attractive Business
- New Lease
- Small Business
- Company for Sale
- Retirement Sale
- Adjacent to Multiple Retailers
- Established Business
- Fully Fitted
- Offers Invited
Business Details
PICTURE FRAMERS & GALLERY FOR SALE BARNSTAPLE NORTH DEVON
MEDINA GALLERY
80 BOUTPORT STREET, BARNSTAPLE, NORTH DEVON EX31 1SR
PRICE: OIRO £45,000 leasehold
Incl. trade fixtures, fittings and equipment, goodwill and stock
§ Established 50 years
§ Close to 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 located close by to both the High Street and Cinema, on a busy thoroughfare with much passing and chance trade.
THE PROPOSAL
Our client is inviting offers around £45,000 for a new lease (£12,000 p.a.x) including all trade fixtures, fittings and equipment, the goodwill of the business and stock.
THE BUSINESS
Medina Gallery has been owned and operated by our client for approaching 50 years (40 years from this current premises). Operated on easy hours and specializing in both bespoke and custom framing, mounting, box framing etc. To the ground floor is the Gallery retailing prints, readymade frames and mounts together with original art. To the first and second floors are the comprehensively equipped framing workshops.
AGENT’S NOTE
Training will be provided as part of the hand over process. This is a perfect lifestyle or retirement opportunity, rarely available and ideal for those seeking to escape the rat race!
Contact Agent
Particulars / More Information
Listing Statistics
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Contact seller
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.
Be safe, use a Rightbiz Solicitor
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