Thriving Craft School in Ardington- Selling due to health reasons

Ardington, Oxfordshire
REF: 03430

Asking Price:
£75,000
Annual Turnover:
£135,000
Annual Net Profit:
£20,000
Reduced
Recently Sold
REF: 03430
Photo of Thriving Craft School in Ardington- Selling due to health reasons
Photo of Thriving Craft School in Ardington- Selling due to health reasons
Photo of Thriving Craft School in Ardington- Selling due to health reasons
Photo of Thriving Craft School in Ardington- Selling due to health reasons

Overview

Tenure:
Leasehold
Established:
2011
  • Huge reduction for quick sale due to ill health
  • Significant growth potential
  • Wide-ranging courses
  • Skilled workforce
  • Solid annual turnover

This is a fantastic opportunity to acquire a well developed, independent craft school, which has experienced stellar growth since it began trading in 2011.
Offering exceptional courses and a professional service, this business has amassed a loyal customer base that helped it generate a high annual turnover.
With low overheads and a solid reputation, this is a brilliant platform for a new buyer looking to manage a successful business model.

This is a popular and well-operated craft school which offers over 220 short courses a year to adults, ranging from printmaking to textiles and jewellery-making. Taught by professional, award-winning and experienced freelance tutors, this business guarantees a reliable and friendly customer service.
It currently functions from a large, red-brick Victorian building which has been elegantly designed and maintained. Internally, the premises is comprised of two classrooms, to the front and back, which both include 11 moveable work benches, ideal for teaching students in. A dining room is accessible via both classrooms and can accommodate 24 people. An office features two desks and there is also a well equipped kitchen.
Outside, there is a large garden space where classes can also be held. There are also two courtyards and six storage sheds/outbuildings.
Situated in a beautiful countryside setting, the huge windows of the premises provide wonderful natural light.
A user-friendly website details the courses available and an online booking system allows users to efficiently enrol on the course of their choosing.
Having grown organically through word of mouth, the business also carries out regular advertising through national and local press and papers. It is also present on Facebook and has a mailing list of over 3,000 students/subscribers.

Intelligent Business Transfer are delighted to bring to the market this well established craft school which has amassed a strong following and cemented a stellar reputation in the local area. Established five years ago, the business continues to grow each year, generating a high annual turnover in excess of £135,000 in 2015.
This is an ideal platform for an individual with a keen interest in crafts and would equally suit someone wishing to manage a business or combine teaching and managing their own school.
There exist a number of initiatives which could be implemented to ensure further growth.
Currently operating 5 days a week, 8 months a year, there is potential to trade all year round which would undoubtedly attract more customers and boost the yearly takings. As well as this, running courses seven days a week would also be beneficial.
Opening in the evenings would enable the business to carry out more classes on a regular basis which would further increase turnover.
Offering courses for children would also grow the customer base and it could offer classes and activities for school children over the Summer holidays, which would undoubtedly be successful. Furthermore, increasing advertising both locally and via social media would increase exposure to the courses and attract more people.
Intelligent Business Transfer are searching for a suitable buyer.

Features

Online Presence

Website: www.ardingtonschoolofcrafts.com

Location

Property

Annual Rent
£15,000
Annual Rates
£5,250
Lease Term (Years)
6
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
G 150+

Financial & More

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

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