Retailer of British Arts and Crafts in Warwickshire

Kenilworth, Warwickshire
REF: R07728

Asking Price:
£95,000
Annual Turnover:
£105,000
Annual Net Profit:
£36,000
REF: R07728

Overview

Tenure:
Leasehold
Established:
2018
  • Excellent reputation
  • Loyal customer base
  • Spacious, well-equipped premises
  • Low overheads
  • Strong supplier relationships

The business for sale is a retail shop supplying art, ornaments, gifts, cards, and interiors in Warwickshire. Established in 2016 as a hybrid of a workshop and gallery space, the business for sale is perfectly located on Kenilworth’s high street, a gorgeous town with thousands of visitors to the famous Kenilworth Castle and the surrounding independent shops and tea rooms.

The business is proud to exhibit and sell an excellent range of high quality artwork that is designed and made by a roster of British artists. The variety of mediums offered is extensive and includes glasswork, ceramics, crafts, and candles, making it the ultimate destination for anyone looking for an original piece of artwork or a gift for someone special. The owner continually adds to the amazing stock range throughout the year and customers also appreciate the provision of classes to improve their own creative skills. There is currently a waiting list for the workshop classes, demonstrating the popularity of the business amongst the surrounding community.

The stock included in the sale is an estimated value and subject to seasonal fluctuation. The current owner is happy to discuss the specific stock details with any interested parties.

The gallery is ideally situated on the picturesque high street of Kenilworth, immediately next to the famous Kenilworth Castle. The premises’ exterior and interior are both presented to an extremely high standard, tastefully reflecting the town’s historical aesthetic.

Visitors enter the shop from a small courtyard entrance into the main showroom which features two large bay windows full of display items. To the left of the entrance is the staff counter and to the right is a display area with an island also displaying items for sale. To the back of the showroom is a staircase which takes you up to a private area in which the owner creates her art pieces. By turning left at the top of the staircase you will find a storage room and W/C facilities. The businesses has an excellent website with an online store that is ideal for expansion, as well as a thriving mailing list and a strong social media presence. A small handover period is available to ensure a smooth transition between owners.

This is a prime acquisition opportunity for a local creative who already knows the community of Kenilworth and is ready to run their own gallery. It would also be ideal for a family who want to run a business together and have an appreciation for the arts, or for a start-up looking to expand.

The gallery offers great scope for further development. For example, the new owner could consider hosting events in the gallery space, such as exhibition openings. Combining this with an effective advertising campaign would be an excellent way of increasing awareness and attracting new customers. Participating in trade shows may also have a similar effect. The buyer could implement a loyalty scheme for clients with the intention of encouraging repeat custom. They may also look at expanding the existing product range and hosting more of the popular art classes to meet demand. Extending the opening days and hours would be a great means of further meeting demand, potentially hiring staff to assist.

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  • Village location
  • Residential area
  • High street location
  • Nearby car parking
  • High footfall
  • No local competition
Rent
£14,000
Rates
£0
Lease Term
6 years
Lease Expiry
2024
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
TBC

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

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