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Established over 15 years in a thriving retail area of a prosperous Surrey town, the business has shown steady growth with a loyal and varied customer base. Retirement leads the owner to offer the opportunity to purchase the business and stock, and build on its solid reputation and profitability.
The retail offering comprises a comprehensive stock of artists' materials catering to professional artists, hobbyists, students & young children; craft materials for enthusiasts and creative fun; stationery & pens; cards & wrapping. Bespoke picture framing is carried out on site, with a dedicated customer consultation space and a modern, fully equipped workshop.
Combined turnover for financial year to March 2018 was approx £178,000 ex VAT of which approx two thirds represents retail sales with a gross margin ca. 50%, and one third framing with gross margin ca. 70%.
Established in 2002 by the current owner, the business has built a reputation as a supplier to artists by being reliably well stocked and providing friendly, helpful service, whilst offering a broader range of creative items, stationery & cards to ensure that it is not categorised as just a specialist shop. The picture framing service offers quality workmanship, promptly delivered at sensible prices, and customers include schools, interior designers & local businesses. Job records dating back over 12 years are held on file.
This represents an opportunity to acquire a reliable source of excellent profitability and a rewarding lifestyle business for a hands on partnership or, for a more entrepreneurially minded buyer to build on stable foundations through enhanced margins and focussed sales.
The 650 sq ft main shop comprises carpeted, air conditioned retail space with 3 large display windows, stock room, framing consultation room, toilet and small kitchen. The framing workshop is a separate, modern 250 sq ft building to the rear of the shop, which could also provide space for small art classes or demos. Shop & workshop are fully alarmed with central station monitoring. There is off road staff car parking at the rear of the shop.
The current lease provides protected tenancy under the Landlord & Tenant Act with a rent of £14,100 pa. The landlord has indicated readiness to offer a new lease to a suitable tenant. No rates are currently paid under Small Business Rates Relief rules.
The shop is situated at a pedestrian crossing in a busy retail street with on street parking, as well as a free car park and 2 national supermarkets with car parking within 400 yards walk. Neighbouring shops include a number of hobby, homes & interiors, and lifestyle businesses.
Offers are invited at an asking price of £55k plus stock as valued (in excess of £50k at last stocktake). As well as 15 years goodwill the price includes specialised shopfittings - paint & paper stands, card racks & spinners etc; till & office equipment; fully equipped framing workshop - workbenches, Morso, mountcutter, board & glass cutter, underpinner & hand tools; frame pricing software and 12+ years of complete job records.
£14,100 per annum
Busy retail location in prosperous town. Close to supermarkets, parking and other home & lifestyle shops
Bright, air conditioned shop with adjacent framing workshop
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