Attractive Artists Materials & Picture Framing For Sale

Business description

The Olde Worlde premises we understand are a Listed Building

DOUBLE FRONTED BOW WINDOWED MEDIUM SIZED PREMISES split level. Front area with woodstrip floor. Rear section carpeted. Spot and striplighting. Counter, electronic cash register, modern shelving.

REAR WORKROOM fully equipped for picture framing.

Staff cloakroom with w.c. and wash hand basin
Staff kitchen

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease from a private landlord, the present lease having approximately 3 years unexpired at a rental of £12,800 p.a. exclusive of rates, fixed for the remainder of the term.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 8 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

RECOMMENDED FOR EARLY INSPECTION

Location:

Sought after trading position, town centre position, BUCKINGHAMSHIRE

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £2,250 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 60% approx. We are advised sales year ending 31 March 2010 showed sales £103,160 with a gross profit of £57,784 (56%)

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £40,000 plus STOCK AT VALUATION (£16,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 9 a.m. - 5 p.m.
NO SUNDAY TRADING

Employees:

The business is at present operated by a lady vendor with the assistance of 4 part time staff. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance