Art Gallery And Supplies Retailer In Lynton Devon | | Lynton Devon | | Art Gallery, Artists' Supplies, Holiday Apartments, Lynton, Devon T/O: £100,000 GP: 42% Run at pace to suit Huge scope Established over 100 years Well known concern 2 x holiday apartments | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 68722
ADVERT IMPRESSIONS : 31,904 TIME(S) | | | | BUSINESS SECTOR: | Leisure / Recreation | | TRADE TYPE: | Art Galleries / Museums | | SALE: | Agent Sale | FREEHOLD: | £749,950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Gunns Gallery occupies a prominent trading position on Lee Road in the delightful coastal town of Lynton in Devon. The gallery is surrounded by a wealth of complementary shops and businesses including cafes and gift shops. There is ample parking in the vicinity and a large car park close by. Lynton is a popular tourist destination, which lies above Lynmouth, to which it is connected by the famous Lynton & Lynmouth Cliff Railway. The town lies at the north edge of Exmoor approximately 18 miles from Barnstaple and approximately 17 miles west of Minehead.
Business History
Preferred Commercial is delighted to offer for sale this popular art gallery and artists' supplies retailer, which was established in 1893 and which has been in our client's careful hands since 1993. The business is only now being offered to the market due to our client's wish to retire. The business is currently run at a pace to suit our client and generates a turnover in the region of £100,000 per annum with a gross profit of £42%, derived from the sale of original artwork, limited edition prints, antique prints and quality artists' supplies. Gunns is one of the oldest and best known galleries in Devon and benefits from an enviable reputation and much repeat trade. There is a quality website in place showcasing pieces for sale as well as information on courses and events. We feel the website could benefit from the addition of on-line sales facilities, especially for artists' materials. The premises also benefit from 2 spacious apartments with potential to generate additional income as holiday lets. The premises are presented and maintained to a very high standard throughout offering a new owner a true walk-in-and-trade opportunity. We feel this represents a rare opportunity to acquire a well-known and well established art gallery with artists' supplies sales and the added benefit of 2 holiday apartments. Early discussions with Preferred Commercial must come highly recommended.
Financial Details
T/O: £100,000 approx.
GP: 42%
Opening Hours
Seasonal
Mon - Sat: 9.00am - 5.00pm
Sun: Closed
Accommodation Details
Substantial property situated over 4 floors offering retail space, art gallery and 2 letting apartments. Briefly comprising:
Ground Floor
• Main sales and display area with racking and shelving for all types of artists' materials, paints, canvases etc.
• Office with desks, shelving and mount cutter
• Gallery area consisting of 3 interlinked rooms displaying a vast array of original art and print, mounted on the walls, in racks and various displays
Lower Ground Floor
• 3 interlinked rooms with potential for use as owners' accommodation, with bathroom and kitchen
• Framing workshop with all necessary equipment including mitre cutter, under-pinner and glass cutter
First Floor
• Additional gallery room
• Burlington Apartment with lounge, kitchen/diner, bathroom and double bedroom
• Separate lounge
• WC
Second Floor
• The Loft Apartment with lounge, kitchen, double bedroom, twin bedroom newly fitted and bathroom
External
• Small south facing garden area to rear
• Access to rear of the shop and the apartments
Tenure
Advised freehold | | | | | | FOR SALE | | | | | REFERENCE: | 2766 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
