Asking price: £110,000

Sales revenue: £182,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Advent Business Sales have been instructed to offer for sale this extremely well established arts and crafts business, which has been trading successfully for over 10 years.
Due to the vendors need to spend more time concentrating on other business interest, it has reluctantly been offered for sale, so he
can achieve his longer term goals.
The business retails a comprehensive range of arts and craft materials, supported by stationery and greetings cards. The list
below gives an idea of items sold but by no means is exhaustive:.
• Artists materials
• Craft materials
• Stationery for home, office and school
• Pens, pencils
• Greetings cards
• Cartridges
• Diaries and notebooks
The high percentage of sales are accredited to the students of the highly acclaimed Loughborough Art College as well as the
Loughborough Endowed School. Turnover peaks in the region of £4500 per week during term time.
Two full time employees staff the business.
The vendor is willing to conduct a short hand over period of 2 – 4 weeks if necessary.
REF: 8838LE

Years established: 1998

Employees: Two full time employees staff the business.

Trading hours: Mon – Sat: 9am – 5.30pm Sun: closed

Property: Leasehold

Lease terms
TENURE: Leasehold Original lease: TBC Remaining lease: TBC Review every: TBC Rent: TBC We are advised that the annual business rates are currently: £600

Living accomodation
BUSINESS PREMISES Ground floor lock up premises in Loughborough town centre, comprising of the following: Ground Floor - Main entrance leading into retail shop area - Fully equipped with shelving, racking and central aisles - The premises are well stocked - Till area and cash desk to the centre - Doorway to rear - W/c External - Pedestrianised precinct to front of shop

Location
Our client is located in a large busy pedestrianised precinct, bustling with activity in Loughborough town centre. The immediate area offers a good range of small independent to large
corporate businesses, which naturally provide a high level of footfall.
There are several parking areas in the town centre. Loughborough can easily be accessed as it sits comfortably between the East Midlands largest three cities.

Expansion potential
A working owner could easily increase net profits by reducing the wage bill. An area for immediate growth would be marketing the services and goods offered to the many small businesses in the area. This business would make an ideal purchase for a first time business venture or for a stationers looking to expand into an excellent location.

Support & training
The vendor is willing to conduct a short hand over period of 2 – 4 weeks if necessary.

Financing available
Please let us know if you require finance for the purchase of a business.

Related documents

		8838 business details

		Sales paticulars

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