Picture Framing And Sales In Town Centre Location | | Undisclosed Suffolk | | SUFFOLK PICTURE FRAMING AND SALES IN TOWN CTR LOCATION Prominent location in parade Est over 25yrs - c/m d/base of 3,300 A/T: £137,000 GP: £79,000 Reliable c/m base & good trade contracts L/H: £59,950 +SAV REF: 9890IP | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 57435
ADVERT IMPRESSIONS : 12,751 TIME(S) | | | | BUSINESS SECTOR: | Miscellaneous | | TRADE TYPE: | Picture Framing | | SALE: | Agent Sale | LEASEHOLD: | £59950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
• Prominently sited in parade of complementary businesses
• Very close to main High Street and large concert venue with ample public parking
• Draws customers from both the town and rural environs
• Within easy reach of London
HISTORY
• Business established by vendors in 1985
• Strong service ethic rapidly introduced
• Reputation for excellent standard of work quickly built up
• Website introduced
• Membership of Fine Art Trade Guild
• Loyal repeat customer base established over very many years
• Contacts within the art world maintained
REASON FOR SALE
• Retirement, but the vendors would be delighted to assist with a handover and train a new buyer if required
PRODUCTS
• Greetings cards
• Giftware and ornaments
• Very broad range of picture framing materials stocked
• All types of frames can be supplied including wood, hand painted, stained, gold and contemporary
• Wide range of artwork sold including
o Pictures
o Prints
o Oils
o Etchings
o Watercolours
SERVICES
• Bespoke picture framing service
• Restoration service (sub-contracted)
• Conservation framing
• 3D framing
• Cross stitch framing
• Exhibition framing service for artists or museums
CUSTOMERS
• Substantial and discerning customer base with over 3,300 database entries during the last 3 years
• High repeat rate with customers seeking service and advice as the priority
• Mainly personal but with occasional commercial clients
• Museums
• Artists
SUPPLIERS
• Framing materials sourced from 5 main UK manufacturers/distributors
• Artwork supplied from a range of local and national contacts
STAFF
• Vendor and spouse
• 1 part time staff member (2 days per week)
• 1 part time staff member (1.5 days per week)
TRADING HOURS
• Tuesday to Friday 9.00am to 5.30pm
• Saturday 9.00am to 4.00pm
• Sunday and Monday closed
FINANCIALS
• Turnover £137,062 (2010) and £160,516 (2009)
• Gross profit has averaged over 60% during the last 2 years
• Adjusted net profit has averaged £20,000 per annum over the last 2 years
• Stock holding approximately £30,000 (£20,000 pictures and £10,000 framing materials and gifts)
OVERHEADS
Staff £31,090 pa
Rent £12,000 pa
Rates £3,614 pa
Gas/Electric £1,864
PREMISES AND EQUIPMENT
• A traditional town centre retail shop on 2 floors
• Double fronted window display
• Large customer counter
• Racking, shelving and illuminated display cabinets appropriate to trade
• Kitchen
• WC
• 2 first floor workrooms
• Mount cutter
• Underpinning machine
• Morso machine
STRENGTHS
• Established on site for over 25 years
• Discerning, repeat, reliable and affluent client base
• Very limited competition locally
• Consistent financial performance
• Excellent working environment and quality of life
• Fully equipped workshop
• Wide range of trade contacts already in place
SCOPE
• Business development activity extremely limited at present
• Opportunity to extend the range of services beyond existing range
• Review of product mix and blend
• Further website development
TENURE
• Original Lease 25 years
• Lease Remaining less than 1 year
• Rent £12,000 per annum
• Rates £3,614 per annum
• The landlord will negotiate a new lease
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: | 9890IP / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
