Framing Art Supplies & Artwork Business For Sale

Business description

Neston, South Wirral

Turnover £247,383

Established Over 20 Years

562.6m² (6,056ft²)

Retirement Sale

Leasehold

Business History:
The vendors advise that the business was established in 1989. They are now looking to semi retirement.

Business Profile:
The business comprises picture framing, art supplies, artwork and art classes. The owners offer a full bespoke quality framing service providing artistry and experience. Customers include corporate and contract work by quotation. Skills include framing football shirts, all memorabilia, embroidery and tapestry stretching, title apertures and multi apertures. Large corporate work, restoration cleaning, dry mounting and heat sealing. Complementing the business is the large and comprehensive art materials section with extensive product knowledge. The wide choice of ready made mounts and frames allow the artist to then return to frame their artwork. The business also prints and supplies Giclee prints on both watercolour paper and canvas.

Accommodation:
The premises were well presented at the time of our visit and comprise three combined units totalling approximately 562.63m2 (6056 ft2). The buildings have concrete floors, painted block walls and portal frame roof construction with perspex type roof light panels and fluorescent lighting. For description purposes the premises can be split into three areas as follows:-

Retail Area:-:
This has an inset customer entrance of double glazed construction. The retail area benefits from slat-wall cladding, counters and various displays including gondolas. This area also includes separate staff and customer toilets.

Area 2:-:
This area is for various work processes and includes a disabled toilet and further toilet, both of which have W.C.'s and wall mounted wash basins. There is also an office measuring approximately 5.52m x 3.87m with laminate flooring and fluorescent lighting. There is a roller shutter door which is not utilised.

Area 3:-:
This has a large roller shutter access door and is utilised as a work and finishing area. It has an enclosed print room to one side.

Outside:
The premises benefit from approximately seventeen parking spaces around the perimeter plus turfed/landscaped areas. The main customer entrance is protected by roller shutter doors.

Staffing:
Three full time including one owner. One part time and one Saturday staff member.

Fixtures & Fittings:
A schedule of fixtures and fittings will be made available for prospective buyers. The business does benefit from an extensive selection of equipment which includes Minigraph underpinners, Morso guillotine, Trucut CAD-CAM mountcutter, Ideal guillotine, vertical Keencut glass/board cutter, large format camera, Mimaki JV4-130 Giclee 6 colour inket plotter, compressed air supply, Fletcher 1000 circular/oval glass cutter, Hot press vacuum press, OKI colour printer, tapestry stretcher and Rotatrim wide format, paper trimmer, laminator and Fletcher hand mountcutter.

Property information

Property:

Leasehold

Lease terms:

Financial Profile:
Jolley & Co have management accounts and accountant prepared accounts for the year ending 31st March 2009 showing a turnover of £247,383. The vendors will be pleased to discuss all the financial aspects of the business with prospective buyers.

Tenure:
Leasehold. The owners have been renegotiating their lease and had agreed in principle a rent of £21,000 for twelve months followed by an increase to £28,000 thereafter together with a break clause at the end of each twelve month period. However the vendors advise that the landlord will be prepared to negotiate a new lease with a buyer. The rent includes maintenance and insurance. Jolley & Co have not examined any existing or proposed lease documentation and a buyer must arrange for their solicitor to verify that this information is correct.

Uniform Business Rates:
Ellesmere Port & Neston Council have verbally provided the following information: Rateable Value: £24,500. Rates Payable 2009/10: £11,882.50p.

Price:
£49,500 for the goodwill, fixtures and fittings plus SAV.

Living accommodation:

Accommodation Included.

Location:

Location:
The business is located within the Clayhill Business Park in Neston. Many other businesses are located within the immediate area and the business benefits from free parking. Neston and nearby Heswall are good residential areas on the western side of the Wirral peninsula with other good residential areas within the region.