FOR SALE
616805
Introduction.
Picture Bute is a large retail space and workshop, based in Rothesay, Isle Of Bute.
Since 2008, it has sold art, jewellery, giftware, souvenirs etc as well as providing services such as large format printing, trophy engraving, large format sublimation printing, vinyl cutting, laser cutting and engraving and picture framing.
Turnover circa £80K (part time 25hrs/wk)
The business and premises are for sale (due to retirement), all stock, fixtures, fittings and equipment.
** THE BUSINESS CAN BE PURCHASED INCLUDING OR EXCLUDING THE FREEHOLD **
The Premises
The premises can be leased at an annual rent of £5200. The property is currently covered by the Argyll & Bute Council Small Business Bonus Scheme, meaning NO BUSINESS RATES are currently payable. The premises consists of a retail area, store room(with toilet and sink) and a workshop area totalling 1550 square feet (144 square metres). It is part of a Victorian tenement block, with 1/8 responsibility for the maintenance of shared areas and facilities.
The Stock
All shop stock is included in the sale. This consists of art work and prints, local souvenirs, ornaments, jewellery, high end glass and pewter ware, hats, scarves, blankets, throws etc. The number and diverse range of items stocked is too large to list. The estimated wholesale cost of the current stock is estimated to be in the region of £40,000. All supplier information (and introductions) will be provided to the successful buyer.
The Equipment
The workshop is used to carry out work (both for shop stock and customer orders) in a variety of disciplines, such as large format printing, canvas printing, trophy engraving, sublimation printing, picture framing, photo mount cutting etc.
The main items of equipment are:
Epson 9890 44" large format printer.
Xerox 7500DN High Speed A3 Colour Laser Printer
Epson SC-F500 24" Sublimation Printer
Hottronix (by Stahls) 50 x 40 cm Heat Press
Various heat presses for mugs etc
Roland Metaza MPX-80 Engraving Machine
Large Diameter Pantograph engraving machine
HPC LS 3060 Laser Cutter & Engraver with Oracle Air Purifyer
All equipment and corresponding stock are included in the sale.
Various computers, printers, scanners and other peripherals.
The Buyer
As well as the ability to sell and manage the inventory of a thriving retail shop, the buyer will require knowledge of (or existing skills in) all of the above equipment and associated production processes. As a condition of the sale, the seller will agree a 'training period' to provide intensive training on the above equipment and processes.
The Sale
The sale is for the business, stock and equipment as a whole with no exclusions.
** THE SELLER IS OPEN TO DISCUSS THE ADDITIONAL PURCHASE OF THE PROPERTY FREEHOLD, OR TO ASSIGN A LEASE TO THE BUYER **
Viewings are by appointment only.
**Financial records and paperwork will NOT be released without a 'note of interest' and proof of funds via buyers legal representative**
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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