|
Asking Price
£170,000
Description
Advent Business Sales is pleased to have been instructed to offer to the open market this extremely well established and profitable arts and crafts shop. Founded by the vendor over 22 years ago and at the current site for 6 years, the business is only now being offered for sale as she plans her retirement. The business specialises in arts and crafts and offers: € Paints € Books € Cards and gift wrap € Cases € Light boxes € Kids crafts € Inks, crayons, canvas, pencils, pens, bushes € Artists sets The business occupies an attractive and modern unit, which is decorated to a high standard. The shop stocks a wide range of goods, which results in custom being drawn, not only from the local area but from far and wide with a high level of repeat business. Two part time employees, who work approximately 24 hours per week each plus the vendor part time also, staff the business. They achieve an excellent annual turnover of approximately £14000, with an above average gross profit of 51%. We are advised that stock at cost is approximately £33,000 TRADING HOURS Mon Sat: 9.00am 5.00pm Sun: closed EXPANSION POTENTIAL Whilst already a successful business, there is still genuine potential to grow both sales and profits further by: 1. Having a workshop on the premises to demonstrate the finer points, the premises can accommodate 6 at any one time 2. Offering picture framing but initially sub contracting the process until it is large enough to warrant its own production 3. Having its own web site with on site ordering BUSINESS PREMISES Ground floor lock up premises briefly comprising of the following: Ground Floor € Centre door with side window displays into the main sales area € Counter and till by the door € Products on display on numerous wall units € Centre gondola pin handing products € Laminated floor throughout, strip ceiling lights € Rear w/c TENURE: Leasehold Original lease: 9 years Remaining lease: TBC Review every: TBC Rent: £ We are advised that the annual business rates are currently: £
|
