Eclectic Shop and Art Gallery in Halifax

Halifax, West Yorkshire
REF: INT2001

Asking Price:
£12,500
Annual Turnover:
£30,000
Annual Net Profit:
£5,000
REF: INT2001
Photo of Eclectic Shop and Art Gallery in Halifax
Photo of Eclectic Shop and Art Gallery in Halifax
Photo of Eclectic Shop and Art Gallery in Halifax
Photo of Eclectic Shop and Art Gallery in Halifax

Overview

Tenure:
Leasehold
Established:
2018
  • Excellent Reputation
  • Huge Growth Potential
  • Low Overheads
  • Spacious Premises
  • Wide Variety of Products & Services

The business for sale is a locally loved shop and art gallery located within Halifax Piece Hall.

First established in 2018, this business was born out of the vendor's personal passion for collecting art “with a humorous twist”. Now, the gallery displays upwards of 200 pictures at any one time, from popular artists including: Ralph Steadman. Quentin Blake, CRW Nevinson, Heath Robinson, Glen Baxter and many more. Their stock consists of an eclectic, balanced mix of prints, illustrations and original artwork – with a principal goal to provide pictures that add humour to the world and create perfect, unique gifts.

Over the years, this business has built up a fantastic reputation in the local area and has even been featured in regional press. With low overheads and huge growth potential, it provides a fantastic opportunity for a new purchaser.

This business is available on a leasehold basis, with rent payable at a current rate of £6,762 per annum (including utilities and taxes). Stock with an approximate value of £15,000 - £20,000 is not included in the advertised price. However, the vendor has advised they would be willing to negotiate a reduced price for all or part of this.

The gallery and shop benefits from a prime location, within the popular Halifax Piece Hall. Situated on the top floor above the South Gate, this popular tourist spot ensures high levels of footfall and passing trade, with convenient car parking and good local transport links.

Customers enter directly onto the gallery floor. The walls are well stocked with art pieces available for sale. There is also a glass cabinet showcasing other items for customers to purchase.

The current owner has advised they would be happy to provide a transitional period and handover to a prospective purchaser, should it be required.

This is a fantastic opportunity for an individual passionate about art in search of a lifestyle business with a longstanding reputation.

In terms of future potential, opportunities for growth with this business are plentiful. The business already has a website to help provide an online presence for the gallery.

Developing this further to include an e-commerce functionality would allow customers from further afield to browse and purchase art pieces, increasing sales. A new owner may also look to list pieces across third-party sales sites, to increase reach to potential buyers even further.

Features

Online Presence

Location

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  • Shopping Centre Location
  • High Footfall
  • On-Site Car Parking
  • Good Transport Links
  • Limited Competition

Property

Annual Rent
£6,762
Annual Rates
TBC
Lease Term (Years)
3
Lease Expiry (Year)
2022
Accommodation Included
No
EPC Rating
TBC

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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