Glass Arts And Crafts Studio And Shop For Sale

Business description

• Specialised Glass, Art & Giftware Shop
• Showcase gallery for local artists’ work
• Attractive well stocked premises

LOCATION:
The business is situated in Southville, Bedminster, a suburb which lies to the south of Bristol city centre. Southville is an area of independent shops, cafés and restaurants.

BUSINESS:
This business was established in 2003 and has been built from scratch to cater for a discerning market. The vendor takes commissions for unique stained glass designs which she makes herself, ranging from church windows to hanging mirrors.

The vendor has extended the facilities available to include a picture framing service. Whilst this service is not included in the price, the vendor will be happy to promote the service to the new owners on a commission basis.

In addition to the work carried out by the owner, the business houses a gallery through which local artists and crafts people sell their work. All the art, craft and designer work, through glassware, ceramics, jewellery, art and more is made locally which is an unique selling point and provides an important showcase. The shop provides quality, affordable art. The artists’ work is on a sale and return basis so the showroom has a regular stock turn.

STAFF:
There are two self employed part time staff who currently support the vendor.

HOURS:
Monday to Friday 09.00 till 17.30
Saturday 10.00 till 16.00

BUSINESS PREMISES:
(all sizes are approximate & should be considered 'nominal'.)
The business premises have a high street presence with a large single fronted display window with customer access to the side.

The main show room and gallery is 9.6m by 4.8m in size (at its widest point).

At one end there is the customer counter and till with shelving to the side. There is display shelving in various parts of the gallery.

To the rear is access to a workshop, measuring 4.6m x 3.4m, and a storeroom with kiln (not included in the sale).

Beyond this is access to a small kitchen and washroom and W.C.

Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.

TENURE:
Leasehold. Rent of £9,919 was payable in the year 2008/09.

LEGAL FEES:
Vendors and Buyers each to meet their own legal costs, but if a lease is to be assigned from the vendor to the buyer they will also be expected to share the landlord’s legal costs on a 50/50 basis. If a buyer wishes to negotiate a ‘new’ lease, they will be responsible for all the landlord’s legal costs.

LOCAL AUTHORITY:
Bristol

RATES:
The rateable value of the premises was £1,908 per annum whilst rates of £159 per month were payable in 2008/9.

NOTE:
This information has been obtained either from the current rate demand for the property, or by telephone from the local authority. The amount payable is the standard rate for the Rateable Value shown. In some circumstances this may vary, and therefore it is recommended that. potential buyers make their own enquiries through the local authority to check whether the rateable value remains correct and whether the rates payable will be the figure quoted above.

SERVICES:
We understand from the vendor that all main services are connected to the property.

GUIDE PRICE:
The vendors are seeking £24,950 plus stock at valuation, for the lease, business goodwill, fixtures, fittings and equipment, subject to inventory.

STOCK:
The vendor informs us that the value of the stock is approximately £7,000 although the artists work is on a sale or return basis.

Property information

Property:

Leasehold