Manufacturer & Retailer Of Fine Art For Sale

Business description

MANUFACTURER/RETAILER OF FINE ART
& MIRRORS
LEICESTERSHIRE
REF: 8804LE
Advent Business Sales have been instructed
to offer for sale this well established
business which has been successfully trading
since 2000.
The vendor has reluctantly decided to sell
due to deteriorating health reasons and
personal commitments.
Our client has built up a good reputation
which enjoys a high percentage of repeat
custom.
The business specialises in manufacturing
fine art canvasses box, frame, picture frames
and mirrors.
All work is carried out to a specific standard
with over 200 regular customers and a
further access to over 150 in addition.
The products are then sold to retailers such
as furniture and fireplace establishments,
where they display and sell the product.
The marketing is channelled through
regionalised agents, who work for the vendor
and actively look to achieve a regular sales
pattern.
Turnover at present is not as expected, this is
due to the vendor’s ill health, which has
hampered his involvement and day to day
running of the operation.
This business has the base and formula to
treble turnover within a short frame of time
and this is a conservative estimate.

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold
Original lease: 7 years
Remaining lease: 3 years
Review every: 3 years
Rent: £7,600 & £4,100
– rolling contract
We are advised that the annual business
rates are currently: £2500

Living accommodation:

2 light industrial units with efficient sales and workshop areas, consisting of the following: Ground Floor ? Unit 1: ? Entrance ? Ground floor sales showroom with displayed art, pictures and mirrors ? Office ? Further showroom to first floor with an additional office ? Deceptively large and spacious manufacturing workshop and storage areas ? Equipped to a high efficient standard including: MDF board cutter, glass cutter, plastic cutter, mount cutter, heat seal machines, electronic cutting machine, manual cutting machine, underpinners ? Compressors ? Finishing tables ? A range of hand tools Unit 2 ? Is used for over flow storage, although this site is optional

Location:

Our client is ideally located within a densely populated residential and commercial area of Leicester
close to the city centre.
There are ample local shopping amenities with easy access to major road networks leading to the city
centre.
There is plenty of private parking spaces for up to 12 vehicles to the rear of the premises.

Other information

Competition / Market:

Advertising is done through leaflet distribution, local papers and through regional agents. A high proportion of sales are via recommendation and competitive pricing.

Trading hours:

Mon – Fri: 9.00am – 5.30pm,Sat: 9am – 12.30pm

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