Asking price: £550,000

Sales revenue: £642,330

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
This business was established in 1981 and has been under the current ownership since 1988. The business supplies an unparalleled range of printmaking materials which have been sourced worldwide while continuing to research and provide new products in this ever-expanding market. With a small enthusiastic team of practicing painter printmakers, the business offer a reliable mail order service to artists, studios and colleges and also welcome customers to its central London shop where they receive expert advice from the experienced staff and can sample and test the products at first hand.

Ten years ago the company initiated an Artist in Residency scheme, opening up professional development opportunities for graduate printmakers in the early stages of their career. The business also offer weekend workshops in an increasing range of specialist areas of printmaking and prides itself on being actively involved with printmaking. Through constant interaction with the country’s leading printmakers the business remains at the cutting edge of its field today.

This business has developed an excellent reputation throughout its many successful years of operation, and has a loyal client base generating high levels of repeat business. With an in-depth knowledge of the product range and technical aspects of the process, staff are more than capable of helping customers and guaranteeing high levels of customer satisfaction, as would be expected of a company in this specialist field.

With turnover of circa £642,330 per annum, this cash positive business generates gross profit of circa £270,000 and represents a very good investment opportunity for an owner operator, perhaps wishing to acquire very well positioned leasehold premises plus well-respected printmakers

Equipment:

Very large bespoke database detailing all on-line customers.
Sage software is used for accounts.

Customer Service:

This company is proud of its portfolio of customers, which has been achieved by concentrating wholly on producing the highest quality service, sterling reputation and competitive prices. These customers range from Artists, Studios and Colleges with 45 per cent of business generated from private customers. This business well established, and has gained a reputation for a consistently high standard of products and customer service.

Key Strengths:

This business firmly concentrates on the quality end of the market throughout its full range of equipment and materials. With an excellent reputation for a quality product range the business enjoys high levels of repeat business from a strong loyal customer base.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Annual turnover is circa £642,338, generating a gross profit of £270,000. The operating profit of the business is £183,000 with a net asset value of £100,000 of stock.

Years established: 1981

Employees: The business is owner run with five part time retail assistants, all of whom are Artists.

Trading hours: Monday – Friday 10.00 am – 6.00 pm 11.00 am – 4.00 pm Saturday

Property: Leasehold

Lease terms
Annual rent is charged at £30,000 per annum with rates charged additionally at £2,000.

Location
The business operates from leasehold premises in South East London, with three years remaining on the existing lease. Annual rent is charged at £30,000 per annum with rates charged additionally at £2,000.

The property measures circa 2,000 square foot of showroom and storage.

Expansion potential
The current market for this business’s products is stable and is forecast in the longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.

Competition / Market
This business has invested considerably in advertising and currently advertises through various trade magazines along with a company brochure and informative website.

Support & training
Full support and training will be provided to the successful purchaser.

Reasons for selling
The current owner wishes to commence a new business venture following the sale of the business.