Picture Framing Arts Gifts & Gallery Price Reduced For Sale

Business description

The particular highlights of the business are:
• The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
• Ideally located concern offering excellent lifestyle.
• A well established business.
• Good loyal clientele.
• Fully equipped business with favorable lease terms (see below).
• Turnover in excess of £138,000 with a net profit of £15,000, being fully staffed (See financial summary below). This is very impressive considering the credit crunch. There is large profit available for an owner/operator.
• A business with great potential which has not been exploited because the Owner has had a change in personal circumstances.
• An easily run operation.
• Good loyal well trained staff.
• A good first time buyers business.
• Very well presented and spacious premises and workshop with good landlord.

We are delighted to place onto the market this very successful picture framing, art and gifts gallery which has been established for over 20 years. The business has been in the hands of the current owner since 2006 and she now wishes to sell due to a change of circumstances.

This very good business opportunity provides a quality, personal service with picture framing, high end gifts and original art. Local artists are invited to display their works.

The concern employs a full time workshop manager who works 32 – 40 hours per week and is paid a salary of £22,000. In addition to this there is also a front of house staff member who works 2 ½ days a week and is paid £10 per hour. They would both stay after a sale if required and are both very experienced.

The owner works part time with a hands on role.

The owner markets the business in local magazines and has a website which has good SEO.

As far as competition is concerned there is some local competition but this business is the premier concern in the area because of its quality and traditional methods.

The client base consists of approximately 1,000 clients. There are about 66% of new clients using the business and there is some commercial work undertaken.

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 product line to include a much larger selection of gifts and to develop the arts side of the concern.
• Better usage of client database which needs to be computerized.
• Becoming more efficient with staffing levels and pay.
• Working more hands on hours and saving on wages.
• With the introduction of e-commerce.
• With an enhanced website.

The owner would be available for a business familiarisation period of one week 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.

Financial Details
The present turnover is about £2,000+ per week with a gross profit of 75%and a net profit of £15,000. The wages are £520 per week. The present value of the stock is £15,000 and the fixtures fittings and equipment are worth £3,000.
In 2008, the turnover was £138,333 with a gross profit of 75%. The potential turnover of the business within the next 2 years is forecast to reach £200,000 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.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 9 years with 6 years remaining. The rent is £15,504. . The rates are £705 per month over 10months.

Location:

This superb business opportunity is situated in Bourne End in the County of Buckinghamshire .It is on a main arterial road and enjoys much traffic flow. There is a residential area surrounding the property and it is within the commercial part of the village. There is ample free parking nearby. The location has a very affluent local population.
The area is full of independent traders.
The location is well linked with the M40, M4 and M25 and the railway station close by. The business has clientele from within a ten mile radius. The locale offers a good lifestyle opportunity.

Premises details:

The property is very well presented and is approximately 35 ft x 45 ft. The front is branded with an attractive glass front and large window display. There is a full burglar alarm system. The main customer service area is carpeted with very attractive gift displays and a cards rack. There are also many paintings displayed along the walls. It is very well presented and is very conveniently laid out.
To the rear is the workshop which is very well equipped and spacious. There are also staff facilities.

Size in square feet:

35 ft x 45 ft

Other information

Competition / Market:

As far as competition is concerned there is some local competition but this business is the premier concern in the area because of its quality and traditional methods.

Support & training:

The owner would be available for a business familiarisation period of one week 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.

Reasons for selling:

Owner now wishes to sell due to a change of circumstances.

Trading hours:

The business operates from Monday to Saturday between 9.30 am and 5.30pm.

Furniture / Fixtures value:

£3,000

Inventory / Stock value:

£15,000