Picture Framing And Sales In Suffolk Town Centre For Sale

Business description

HISTORY

• Business established by vendors in 1985
• Strong service ethic rapidly introduced
• Reputation for excellent standard of work quickly built up
• Website introduced
• Membership of Fine Art Trade Guild
• Loyal repeat customer base established over very many years
• Contacts within the art world maintained

REASON FOR SALE

• Retirement, but the vendors would be delighted to assist with a handover and train a new buyer if required

PRODUCTS

• Greetings cards
• Giftware and ornaments
• Very broad range of picture framing materials stocked
• All types of frames can be supplied including wood, hand painted, stained, gold and contemporary
• Wide range of artwork sold including
o Pictures
o Prints
o Oils
o Etchings
o Watercolours

SERVICES

• Bespoke picture framing service
• Restoration service (sub-contracted)
• Conservation framing
• 3D framing
• Cross stitch framing
• Exhibition framing service for artists or museums

CUSTOMERS

• Substantial and discerning customer base with over 3,300 database entries during the last 3 years
• High repeat rate with customers seeking service and advice as the priority
• Mainly personal but with occasional commercial clients
• Museums
• Artists

SUPPLIERS

• Framing materials sourced from 5 main UK manufacturers/distributors
• Artwork supplied from a range of local and national contacts

STRENGTHS

• Established on site for over 25 years
• Discerning, repeat, reliable and affluent client base
• Very limited competition locally
• Consistent financial performance
• Excellent working environment and quality of life
• Fully equipped workshop
• Wide range of trade contacts already in place


DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

Property information

Property:

Leasehold

Lease terms:

• Original Lease 25 years
• Lease Remaining less than 1 year
• Rent £12,000 per annum
• Rates £3,614 per annum
• The landlord will negotiate a new lease

Location:

• Prominently sited in parade of complementary businesses
• Very close to main High Street and large concert venue with ample public parking
• Draws customers from both the town and rural environs
• Within easy reach of London

Premises details:

• A traditional town centre retail shop on 2 floors
• Double fronted window display
• Large customer counter
• Racking, shelving and illuminated display cabinets appropriate to trade
• Kitchen
• WC
• 2 first floor workrooms
• Mount cutter
• Underpinning machine
• Morso machine

Business Operation

Expansion potential:

• Business development activity extremely limited at present
• Opportunity to extend the range of services beyond existing range
• Review of product mix and blend
• Further website development

Trading hours:

• Tuesday to Friday 9.00am to 5.30pm
• Saturday 9.00am to 4.00pm
• Sunday and Monday closed

Employees:

• Vendor and spouse • 1 part time staff member (2 days per week) • 1 part time staff member (1.5 days per week)

Other information

Related documents:

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• Sales particulars

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• EPC