Established Picture Framing Fine Art Gallery In Walsall For Sale

Business description

The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £25,000 pa (see financial summary below).
- A business with great potential.
- An easily run operation.
- A good first time buyers business
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides picture framing and a fine art gallery and sales.

History
Phoenix Business Transfer Agents are delighted to place onto the market this Leasehold Picture Framing and Fine Art Gallery which has been established since 1999. The business has been in the hands of the current owner since 2010 and he now wishes to sell due to emigration.

Services
This very good business opportunity provides picture framing and a fine art gallery and sales.

Staffing
The concern employs no staff and is family run.

Owners Role
The owner is involved in the day to day running of the business.

Marketing
The owner markets the business in local restaurant menus, a golf club brochure and they have a website.

Competition
There is no local competition.

Market
The client base consists of local residents and town centre shoppers with high volumes of repeat customers.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include Sunday and Monday trading.
• Increasing the promotional activities to include evening events featuring local artists.
• Develop commercial contracts with local businesses and hotels etc.
• Becoming more efficient with staffing levels.
• With an enhanced website.

Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.


The present annual turnover is £25,500. The present value of the stock is £11,500 (all stock is included in the asking price).
The potential turnover of the business within the next 2 years is forecast to reach £60,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.


Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 5 years with 1.5 years remaining. The rent is £3,550 pa with a review in 2013. The lease may be renewable or negotiable for longer term if required. The rates are currently free of charge.

Leasehold rent:

£3550pa per annum

Location:

- Situated in the town centre area of Walsall in the West Midlands.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the A4148, A454, A34, A461 and M6.
- Sutton Coldfield, Wednesbury and Wolverhampton all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.

Premises details:

The property is terraced, part of a parade of shops and is approximately 300 sq ft. The front is branded with an attractive glass front. There are electric shutters and a CCTV system. The main customer service area is carpeted with a middle aisle and shelving to the walls. It is very well presented and is very conveniently laid out.

To the rear is a store room, toilet and staff facilities.

Size in square feet:

300sq ft

Business Operation

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include Sunday and Monday trading.
• Increasing the promotional activities to include evening events featuring local artists.
• Develop commercial contracts with local businesses and hotels etc.
• Becoming more efficient with staffing levels.
• With an enhanced website.

Competition / Market:

There is no local competition.

Reasons for selling:

he now wishes to sell due to emigration.

Trading hours:

Tuesday to Saturday: 10.00am – 5.00pm
Sunday and Monday: Closed

Employees:

The concern employs no staff and is family run.

Years established:

12 years

Other information

Support & training:

The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Furniture / Fixtures value:

£7,500 (included in the asking price)

Inventory / Stock value:

£11,500 (included in the asking price)