MINI-LAB Service & Potential Portrait Studio For Sale

Business description

This photograph processing and printing business provides 30 minute film processing, enlargements, reprints, digital processing, a made-to-measure framing services, onsite processing, photocopying services, personalised calendars, greeting cards and passport photos to a broad range of clients.

Stringent standards are administered throughout the entire production process. There is a strong interaction with clients ensuring that services are tailor-made to their specific needs thus enhancing the excellent reputation for reliability and integrity enjoyed by the business.

The business has invested in technology, creating a competitive edge. Modern equipment includes the QD21 digital machine unit with accompanying Konica software and related equipment.

The business provides vlaue for money specialist digital work, while remaining within the client’s budget and processing requirements.

The business is well situated in a thriving town centre and perfectly positioned to benefit from the extensive centre improvement and redevelopment plans taking place. As a result the store will be positioned in one of the most sought after locations in the area.

Property information

Lease terms:

The premises enjoy a prominent busy location and are circa 58 sq mtrs (625 sq ft) with two glazed shop front windows.

Leasehold the property is held on a 15-year lease commencing 19th June 2000 with rent reviews every five years. The rent is £17,250 per annum with rates being £7437.00 per annum.

Interested parties should verify this information by contacting Northampton Borough Council.

A service charge is levied on each tenant for services that include site security, cleaning of common areas, refuse collection, fire alarm, arcades lighting, and other elements. The annual charge at present is approximately £2.43 per sq ft of space occupied.

Location:

Northampton is an historical centre for the area with a well-established town centre within which is a full range of shops and a traditional market. The town enjoys good road and rail communications, and is particularly well served by the M1 motorway off junctions 15, 15a & 16 and additionally to the A14 in the North.

The premises form part of a covered shopping arcade and is situated in a highly prominent position adjacent to the inner ring road that provides one of the town's premier gateways into the Town Centre.

Other retailers include Argos Superstore, Peacocks, Iceland, Heine Gericke, HFC Bank and J D Wetherspoons. The arcade has approximately 531 car parking spaces, which provide a constant pedestrian flow through St Peters Walk to which the premises have direct access.

Traders in St Peter's Walk include Time Machine, Footware Fever, Iris, Chinese Healthcare Centre, Pulse, Tots & Teens, Shine Hairdressing. Petroc Pasties, Crystal Connection, Sugar Shack, Wesselton Jewellery and the IT Centre with computer gaming and cyber café facilities.

Traders in Gold Street include Wilkinsons, 99p store, and Pound Stretcher, together with a range of restaurants and smaller shops. The nearby modern purpose built leisure complex of Sol Central has a multiplex cinema, health suite and a variety of restaurants.

Other information

Expansion potential:

The quality of the location cannot be overstated since its prominence guarantees access, visibility and footfall. The business is well established and profitable, with a strong customer base, retaining a high level of return customers, a great many of whom having done so on a regular basis and for many years. Quality is important to this business reflected in the database of 7000+ customers through Privilege Card.

Growth and Expansion:

The town centre is due for a massive development starting shortly this year.

Key Opportunities:

Portrait studio set-up, Large Format Printer for large prints and canvas printing, T-shirt printing, Advertising, Frame Making. Set up of a web site, adding Kiosk for customer printing.

Competition / Market:

Most of the business's turnover is generated through the current existing satisfied client base and word of mouth recommendation.

Support & training:

The owner will be prepared to give 10 days training and introduction to the business.

Reasons for selling:

Retiring

Trading hours:

9:30am to 5.15pm 6 days a week