FOR SALE
30/03/22
292961
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.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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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