Successful Art Gallery in North Yorkshire

York, York
REF: R08110

Asking Price:
£90,000
Annual Turnover:
£85,283
Annual Net Profit:
£27,289
REF: R08110

Overview

Tenure:
Leasehold
Established:
2005
  • Excellent reputation
  • Loyal customer base
  • Characterful, spacious, well-equipped premises
  • Strong supplier relationships

This is a unique opportunity to acquire a successful art gallery which showcases an ever changing collection of fine craft and contemporary art designed and made by the hands of some of the best artists and makers working in Great Britain. This fantastic business was originally established in 2005 and was taken over by the current owners in 2016. The gallery has been growing steadily ever since and has gained an excellent reputation and a loyal customer base across the country and in the sector. The gallery offers an extensive selection of individual and handmade pieces of art, including original paintings, jewellery, ceramics, glass art, bronze art, metal work, prints and textiles.

The premises are located in a charming traditional building which is filled with character and light, and combined with the picturesque courtyard garden creates a unique and welcoming gallery space. Helmsley is an extremely popular North Yorkshire Market town with a year-round high footfall of tourists and locals alike. A weekly market taking place every Friday creates a further attraction for visitors to the town. This excellent location ensures there is plenty of passing trade. The gallery has strong relationships with the makers of the beautiful and varied work on display and has a waiting list of artists and makers wishing to be exhibited in the gallery.

(It's worth noting that the most recent turnover is from 2020 when the business was affected by the pandemic and is not representative of a standard financial year. The adjusted net profit for 2020 would be £42,651.)

The business trades from leasehold premises on a busy street just off the market square in Helmsley.

The quaint traditional stone building is entered through a single doorway with window displays on either side which make the most of the beautiful exterior of the property. This leads into the front sales area which houses display cabinets and the original ‘Saltbox’ wooden cupboard from where the gallery takes its name. Two steps lead into the top part of the gallery which is flooded with natural light and warmth which serves as an ideal display area for wall art and the multiple display cabinets, shelves and plinths.

Rear doors lead out to the enclosed courtyard garden, overlooked by the beautiful ruins of Helmsley Castle. The garden offers a unique, picturesque and tranquil place to display garden art, sculptures and metal work. This space alone draws in tangible footfall for the business. The business stocks a mixture of owned pieces and agency sales (Sale or return work).

This would be an ideal opportunity for a retailer who has an interest in the art world. There is huge potential for growth with this business as there is a massive opportunity to expand the gallery opening hours. Currently, due to personal choice, the gallery only opens 5 days a week, from 11am to 4pm. Opening for longer hours and across seven days would provide additional trade and revenue opportunities.

The gallery has a strong online presence, with a successful website, a Facebook page with 800 followers and an Instagram account with nearly 400 followers, again offering a huge potential for growth. These platforms are an excellent online window for the gallery and are a great selling tool for the business, however, there is huge scope to develop these channels further by having a more dedicated focus and by creating the opportunity to purchase online.

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  • Nearby car parking
  • Residential area
  • High footfall
  • Close to local businesses
  • Market town location
Rent
£17,400
Rates
£860
Lease Term
6
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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