Picture Framing Business In Dorset For Sale

Business description

Very profitable picture framing business -
Excellent gross margin -
Very low overheads -
Good town centre location -
Well established -
Popular & affluent area

BUSINESS:
The business, established since 1995, was set up by the vendor and is regarded as one of the leading framers in the area. There is no real competition within a ten mile radius and customers come from a wide area, attracted by the reasonable prices, friendly service and wide range of over four hundred mouldings.

90% of the turnover comes from framing pictures, with the balance divided between the sale of pictures, framing accessories and cut mounts. The business has a high percentage of repeat business and also a reputation for framing large pictures. It also specialises in framing memorabilia.

The customer base can be split approximately as follows :
Repeat business 60%
General public 25%
Local artists 5%
Schools 5%
Corporate 5%

The vendor has invested a fair amount into publicity, which includes advertising in local magazines, direct mail shots, PR with local art clubs, and work for the local Chamber of Commerce.

LOCATION:
Dorset Market town

TENURE:
Leasehold. The premises are held on a five-year under-lease which commenced in September 2005. The rent is fixed at £3,300 p.a. The agents understand that as the head lease runs until 2019, it should be possible to negotiate a new lease or lease extension once it expires in 2010.

ESTABLISHED:
1995

EMPLOYEES:
The vendor works full-time in the business and is involved in all areas. There is one part-time assistant working approximately 10 hours per week. She has been employed for four years and has 18 years experience of picture framing.

TRADING HOURS:
Monday - Friday 9.00am – 5.00pm / Saturday 9.00am – 2.00pm / Sunday closed

SALES REVENUE:
The turnover in the financial year ending 31st March 2007 was £58,181, with an excellent gross profit margin of 74.3%.

OPPORTUNITIES:
The business, which has been established for over 10 years, offers great opportunities for expansion. The gallery displays paintings which are for sale, some of which are procured through the Internet and generate extremely good margins. Nearly 10% of the turnover comes from sales of paintings.

Since moving to the current premises the vendor has been able to improve stock control which, in turn, has lead to higher gross margins.

A new store is likely to be constructed within a two minute walk from the premises, which will increase still further the number of shoppers to the town. A new coffee outlet has recently opened a few doors away from the business, which is also increasing the numbers of people in the vicinity.

GUIDE PRICE:
The vendor is seeking £37,500 plus stock at valuation, for the lease, business goodwill, fixtures, fittings & equipment, subject to inventory.

SUPPORT & TRAINING:
The vendor is happy to provide some training after exchange of contracts and, subsequent to completion, is prepared to discuss complex framing jobs, should the need arise.

VIEWING:
All viewings to be arranged via the Sole Agents, Adams & Co on 01300 345 564

FINANCE:
Finance can be arranged for the purchase of this business. Contact Adams & Co for further details.

FULL PARTICULARS:
Please contact for full particulars.

Property information

Property:

Leasehold

Lease terms:

Leasehold. The premises are held on a five-year under-lease which commenced in September 2005. The rent is fixed at £3,300 p.a. The agents understand that as the head lease runs until 2019, it should be possible to negotiate a new lease or lease extension once it expires in 2010.

Location:

Dorset Market Town

Other information

Expansion potential:

The business, which has been established for over 10 years, offers great opportunities for expansion. The gallery displays paintings which are for sale, some of which are procured through the Internet and generate extremely good margins. Nearly 10% of the turnover comes from sales of paintings.

Since moving to the current premises the vendor has been able to improve stock control which, in turn, has lead to higher gross margins.

A new store is likely to be constructed within a two minute walk from the premises, which will increase still further the number of shoppers to the town. A new coffee outlet has recently opened a few doors away from the business, which is also increasing the numbers of people in the vicinity.

Trading hours:

Monday - Friday 9.00am – 5.00pm / Saturday 9.00am – 2.00pm / Sunday closed