Picture Framing & Art Gallery in Lancashire

Bolton, Lancashire
REF: 01969

Asking Price:
£20,950
Annual Turnover:
£45,000
Annual Net Profit:
TBC
Reduced
Recently Sold
REF: 01969
Photo of Picture Framing & Art Gallery in Lancashire
Photo of Picture Framing & Art Gallery in Lancashire
Photo of Picture Framing & Art Gallery in Lancashire
Photo of Picture Framing & Art Gallery in Lancashire

Overview

Tenure:
Leasehold
Established:
2008
  • Beautiful bright and spacious shop.
  • Reasonable rent with new lease available
  • Owner run with no staff
  • Includes full range of framing equipment and stock
  • Zero business rates payable
  • Handover period offered

Our client has set up and operated this successful framing business for over 7 years. Situated on a pleasant parade, the spacious shop is fully fitted and equipped for the making and selling of picture frames and displays and also sells artwork and prints. 90% of the revenue is derived from the framing side of the business.

The business has the benefits of a very reasonable rent with a new lease available and also has the luxury of an exemption on its business rates currently, due to the small business rates relief.

The business trades just 5 days and presently closes at 5.30pm each day, suggesting longer opening hours would be possible.

The shop is located right in the heart of the village centre and is in a middle parade unit that is double fronted with large windows, throwing plenty of light into the sales area.

The shop has walls which are adorned with various prints and pieces of artwork which have been framed by our client.

Within the sales area there is a table/desk for sketching and serving customers.

At the back of the unit there is a door leading to a framing prep room which houses the equipment needed to make and finish frames. There is a separate room which is used as office and includes a Canon printer.

There is a small area with fridge and drinks making facilities, off which there is a toilet with w.h.b. There is also a door leading from the shop into a store room which is used mainly to store mouldings used for framing.

The rent includes a parking space for the owner to the rear of the property. There is plenty of free customer parking on the roads surrounding the business.

Intelligent Business Transfer are pleased to bring to the market this well established art gallery and picture framing business.

The present rent payable is at a very reasonable level, and there is also a new lease available to the buyer, the lengths terms of which are negotiable. The shop also has the advantage of currently paying zero business rates, as it benefits from the small business exemption scheme.

The sales area has a modern and bright feel to it and all equipment and stock are included in the price.

There is no doubt that potential certainly exists to increase the present opening hours of 9.30am-5.30pm Monday, Tuesday, Thursday, Friday, and Saturday, with Wednesdays and Sundays currently closed, thus increasing turnover and profitability.

We are pleased to be able to offer this opportunity to a perspective buyer, to purchase an established business in a lovely village setting. This is a business that has consistently and presently demonstrated a good level of profitability.

The owner is willing to provide a handover period after the sale to teach the new buyer how to frame etc. This business would suit someone with the drive to take this business to the next level.

Features

Online Presence

Website: www.whitewallgalleryandframers.co.uk

Location

Property

Annual Rent
£6,000
Annual Rates
TBC
Lease Term (Years)
TBC
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

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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