Successful Art Gallery in North Yorkshire

Helmsley, North Yorkshire
REF: 02143

Asking Price:
£49,950
Annual Turnover:
£150,000
Annual Net Profit:
£40,000
Recently Sold
REF: 02143
Photo of Successful Art Gallery in North Yorkshire
Photo of Successful Art Gallery in North Yorkshire
Photo of Successful Art Gallery in North Yorkshire
Photo of Successful Art Gallery in North Yorkshire

Overview

Tenure:
Leasehold
Established:
1990
  • Huge growth potential
  • Excellent Reputation

This is an exciting opportunity to purchase a dynamic fine art, craft and sculpture gallery in Helmsley, North Yorkshire.
The business specialises in and showcases an extensive selection of contemporary wall art as well as ceramics, glass, jewellery, metalwork and textiles to compliment the local and visiting clientele.
The business is very well stocked and is currently run by family owner operators and has been established for over ten years. It has ascertained a solid reputation within the market.

The business trades from a well loved and crafted leasehold unit that has a strong position on a busy street with a lot of footfall.

The quaint town house style building is entered through a single doorway in the centre of a neat shop face with window displays on both sides. This leads into an open plan display gallery that then leads up two steps and into a larger gallery room which in turn opens out onto a courtyard garden which is overlooked by the beautiful ruins of Helmsley Castle.

The walls are well decorated with wall art that is sourced by the current owners from well known local and national artists. Within the centre of the upper tier are jewellery display cabinets and moveable plinths which are used to show work for sale. This particular space backs out on to the courtyard garden which allows a lot of natural light and warmth into the whole gallery space.

The Courtyard Garden offers a tranquil space for a subtle and dynamic retail opportunity offering sculptures and garden art for sale. This space alone draws in tangible footfall for the business.

Intelligent Business Transfer are delighted to be able to offer this superbly well-developed business to the market in its growing and profitable position and is to be sold during a period of lucrative growth.

The business is practically stocked and has a combination of owned pieces that compliment a selection of artwork on a sale or return arrangement with loyal and popular artists.

The current owners are artists themselves and create many pieces to sell in the gallery – this offering will be made available for any purchaser of the business. During the ten years that the owners have been running the gallery they have established excellent working relationships with their gallery artists many of which are very highly regarded within their chosen media.

Since setting up the business a decade ago there has been significant owner investment into the building, such as a solid oak flooring, quality carpets and an ongoing upkeep to the internal and external decoration of the building.

The retail business has an edgy and dynamic retail offering, with all products being hand sourced by the owner operators who run the business to a high standard. The most recent turnover has been recorded at £150,000 which produced a net profit of £25,000 which can be adjusted to £40,000.

The business comes attached with a strong client database and all collateral required for instant growth and a quick return of investment.

Location

Property

Annual Rent
TBC
Annual Rates
TBC
Lease Term (Years)
6
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
D 76-100

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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