Asking price: £10,000

Sales revenue: £100,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Advent Business Sales have been instructed to offer for sale this well established business which has been successfully trading since 2000.

The vendor has reluctantly decided to sell due to deteriorating health reasons and personal commitments.

Our client has built up a good reputation which enjoys a high percentage of repeat custom.

The business specialises in manufacturing fine art canvasses box, frame, picture frames and mirrors.

All work is carried out to a specific standard with over 200 regular customers and a further access to over 150 in addition.

The products are then sold to retailers such as furniture and fireplace establishments, where they display and sell the product.

The marketing is channelled through regionalised agents, who work for the vendor and actively look to achieve a regular sales pattern.

Turnover at present is not as expected, this is due to the vendor’s ill health, which has hampered his involvement and day to day running of the operation.

This business has the base and formula to treble turnover within a short frame of time and this is a conservative estimate.

Advertising is done through leaflet distribution, local papers and through regional agents. A high proportion of sales are via recommendation and competitive pricing.

The business is staffed at manufacturing level by the vendor and 1 full time and 1 part time employee.

The vendor is willing to offer his assistance in the form of a hand over period to ensure a smooth transition.

The business has been valued by the vendor accordingly to ensure a quick sale.

Current stock at valuation is in the region of £50,000.


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 These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants.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

Years established: 2000

Employees: The business is staffed at manufacturing

Trading hours: Mon – Fri: 9.00am – 5.30pm,Sat: 9am – 12.30pm

Property: Leasehold

Lease terms
TENURE: Leasehold Original lease: 7 years Remaining lease: 3 years Review every: 3 years Rent: £7,600 & £4,100 – rolling contract We are advised that the annual business rates are currently: £2500

Location
Our client is ideally located within a densely populated residential and commercial area of Leicester
close to the city centre.
There are ample local shopping amenities with easy access to major road networks leading to the city
centre.
There is plenty of private parking spaces for up to 12 vehicles to the rear of the premises.

Competition / Market
Advertising is done through leaflet distribution, local papers and through regional agents. A high proportion of sales are via recommendation and competitive pricing.

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