Well Established Highly Profitable Worcestershire Bespoke Picture Framer For Sale

Business description

The vendor has been in ownership for the last 7 years. The Business was established in 1988 and the nearest direct competition is around 10 miles away

HISTORY

The vendor has been in ownership for the last 7 years. The Business was established in 1988 and the nearest direct competition is around 10 miles away

REASON FOR SALE

A change in the vendor’s personal circumstances has precipitated a sale.

The owners will assist in a handover period as required/agreed.

PRODUCTS

Ready made frames, mounts, limited edition prints, open prints, good selection of upmarket greetings cards, postcards – local and others, original art work, clip frames, mirrors.

SERVICES

The Company offers a bespoke framing service using quality mouldings from well known manufacturers such as Argadia, Nielson, Euro Mouldings and Ashworth and Thompson.

The company supplies from the most basic budget to 6’ x 4’ elaborate antique effect frames.

CUSTOMERS

Approximately 75% drawn from the local area with a high repeat and referral trade, with the remaining 25% from tourists coming into the town attracted by its culture, heritage and beautiful landscapes.

STRENGTHS

• Extremely well established,
• Fully equipped,
• Excellent location
• High gross margins
• No local competition.
• Fully staff run.

STOCKS

We are advised that stock at cost is approximately £15,000.
REF: 9579WR


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 broker. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants.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).

An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.

Property information

Property:

Leasehold

Location:

Prominent main road location in a select arcade in an affluent town in Worcestershire. Other nearby businesses includes jewellery, furniture, fabrics, restaurant, banks and a delicatessens.

Parking is free of charge time limited in front of the arcade

Business Operation

Expansion potential:

• A working owner would increase profits immediately by reducing staff costs.
• Open Mondays, advertise more,
• Compress the space taken up within the shop to allow for new lines to be introduced, such as arts supplies, ceramics, books, local interest items.

Trading hours:

Mon: Closed
Tues to Sat: 9am to 5pm

Employees:

The business is run by the existing staff who consists of 1 full time and 4 part time who work approximately 10 hours per week each. A full time working owner would save on staff costs.

Years established:

22