Art and craft gallery with ice cream business for sale in Grasmere, Cumbria
Grasmere, Cumbria
- Status
UNDER OFFER
- Advert ID
651141
- Reference
Beck Steps Gallery / Rightbiz
- Call Agent:
- Leasehold: £99,950
- Turnover: Not Applicable
- Profit: Not Applicable
Business Details
Sale of a well established and highly regarded leasehold business set in the Centre of this highly p
Sale of a well established and highly regarded leasehold business set in the Centre of this highly popular Lakeland village. Operating from prominent premises with large double bay windows.
The principal business is an art and craft gallery however it is also complimented by a highly successful and popular ice cream business with in the same unit, which is partially divided off from the main gallery. The area used for picture framing is also partially partioned off from the main gallery.
The gallery stocks original, high quality art and craftwork sourced from artists and crafts people in Cumbria and the UK. With a selection of work including ceramics, original artwork, prints, sculptures, local slate products, jewellery, furniture, hand printed textiles, silk scarves and much more.
There is scope to improve the business especially the picture framing element. The owners currently just frame pictures for gallery stock, but there is a significant untapped market for general picture framing in the area.
Prominently positioned on College Street in the Centre of this highly popular Lake District village adjacent to the village green and principal bus stop. Grasmere is one of the most popular destinations in the Lake District National Park made famous for its literary connections to William Wordsworth and the other Lakeland poets. Now a Unesco World Heritage Site which it is believed to attract circa 19 million visitors per annum.
The Business
A well established business which is being sold due to retirement. With impressive and healthy trading figures operating well above VAT threshold for both the Gallery and ice cream business. Accounts can be made available for genuinely interested parties who have viewed the property.
Operated as a husband and wife team with two permanent members of staff working four days a week each. There are some seasonal staff employed for the ice cream element. The owners are willing to provide a general handover for the business and also specific picture framing training, should the new owners require it. Stock is available to purchase at valuation.
The current business owners also rent a car parking space to the rear from the Landlord.
Services
Mains water electric and drainage.
Tenure
Leasehold
An original 12 year lease from 17th May 2020. Current rent of £19,992.00 on IRI terms with 3 year Rent Review and a break clause available in 2028.
Business Rates
£18,500. Actual amount payable £9,231.50. This could be reduced if the purchaser is entitled to Small Business Rates Relief. More details can be obtained from the Local Authority Westmorland and Furness Lakeland District Council 01539 733333
Broadband
For information on broadband and mobile services at the property, we advise prospective purchasers to consult the Ofcom website: checker.ofcom.org.uk
Anti Money Laundering Regulations (AML)
Due to the Money Laundering Regulations, now officially known as Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 we are required to follow government legislation and carry out identification checks on all purchasers. We use a specialist third party company to conduct these checks at a charge of £48 inclusive of VAT per buyer once an offer has been accepted and you will be unable to proceed with the purchase of the property until these checks have been carried out. This charge is non-refundable.
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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.'.
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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.
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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.
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Contact seller
Stay Safe
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.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.'.
Stay Safe
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.
Stay Safe
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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