Attractive Old Established Picture Gallery Plus Picture Framing For Sale

Business description

Forecourt with parking for 2 cars for customers

SPACIOUS DOUBLE FRONTED PREMISES. Picture gallery with laminated strip floor, ceiling with spotlighting on tracks, electronic cash register.

Rear workshop, fully equipped for picture framing including new underpinner with compressor, tilt and angle saw, Morse guillotine, Edemco 2226 dry mounting press, Keen Cut Ultimat 48" mount cutter, guillotine plus hand tools etc.

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease having approximately 10 years unexpired at a rental of £14,000 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £4,200 p.a. approx. + water rates

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

REDUCED FOR EARLY SALE

Location:

Situated in a parade, sought after residential area, KENT

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £1,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 66% approx.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £13,500 plus STOCK AT VALUATION £10,000 SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 9.30 a.m. - 5.30 p.m.
NO SUNDAY TRADING
The business is also closed on all bank holidays

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.