Well Established Picture Framing Business | | Undisclosed Worcestershire | | WORCESTERSHIRE WELL ESTABLISHED PICTURE FRAMING BUSINESS Well located in affluent locality W/T: £1,346, annual gross profit £70,000 No competition in local area L/H: IRO £36,000+SAV REF: 9579WR | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 47844
ADVERT IMPRESSIONS : 21,018 TIME(S) | | | | BUSINESS SECTOR: | Miscellaneous | | TRADE TYPE: | Picture Framing | | SALE: | Agent Sale | LEASEHOLD: | £36000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
Prominent main road location in a select arcade in an affluent town in Worcestershire. Other nearby businesses includes jewellery, furniture, fabrics, restaurant, banks and a delicatessens.
Parking is free of charge time limited in front of the arcade.
HISTORY
The vendor has been in ownership for the last 7 years. The Business was established in 1988 and the nearest direct competition is around 10 miles away
REASON FOR SALE
A change in the vendors personal circumstances has precipitated a sale.
The owners will assist in a handover period as required/agreed.
PRODUCTS
Ready made frames, mounts, limited edition prints, open prints, good selection of upmarket greetings cards, postcards local and others, original art work, clip frames, mirrors.
SERVICES
The Company offers a bespoke framing service using quality mouldings from well known manufacturers such as Argadia, Nielson, Euro Mouldings and Ashworth and Thompson.
The company supplies from the most basic budget to 6 x 4 elaborate antique effect frames.
CUSTOMERS
Approximately 75% drawn from the local area with a high repeat and referral trade, with the remaining 25% from tourists coming into the town attracted by its culture, heritage and beautiful landscapes.
STAFF
The business is run by the existing staff who consists of 1 full time and 4 part time who work approximately 10 hours per week each. A full time working owner would save on staff costs.
FINANCIALS
Net annual sales are currently in the order of £100,000 with a gross margin of circa 70%.
TRADING HOURS
Mon: Closed
Tues to Sat: 9am to 5pm
STRENGTHS
Extremely well established,
Fully equipped,
Excellent location
High gross margins
No local competition.
Fully staff run.
SCOPE
A working owner would increase profits immediately by reducing staff costs.
Open Mondays, advertise more,
Compress the space taken up within the shop to allow for new lines to be introduced, such as arts supplies, ceramics, books, local interest items.
TENURE
Leasehold
The current holding has expired on the lease. The rent is currently £10,500 per annum with rates payable of £3,920 per annum after claiming small business relief.
STOCKS
We are advised that stock at cost is approximately £15,000.
PREMISES
Grade II listed mid terraced ground floor
lock- up in a select arcade, briefly comprising of:
Rear sales counter with till
Side office with w/c and kitchen
Rear workshop and stores.
Side work area
Spacious display area
Rear fire exit
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967). | | | | | | FOR SALE | | | | | REFERENCE: | 9579WR / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
