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Art Shop, Gallery And Picture Framers For Sale

Kendal, Cumbria, UK
Asking Price:
£75,000
Turnover:
£210,000
Net Profit:
Available on request

Picture Framers, Artist Materials and Gallery in Cumbria for Sale.

A wonderful opportunity to take over the reins of an institution, a picture framers, gallery and artists supplies business that dates back more than 50 years and has been owned and operated by the owners for the last 35 years. Our client now wishes to retire and it is for this reason alone that this phenomenal business comes to the open market.
LOCATION: Located in the desirable South Cumbrian market town of Kendal, the gateway to the Lake District National Park. The town is filled with commerce, supported by tourists and a large resident community. All major retailers have a presence in this bustling town, as well as unique independent traders who attract custom from near and far.
THE BUSINESS: Our clients have owned and operated the business since 1986 with the help of mainly part-time staff. The reputation for offering an unparalleled level of service and a one-stop shopping environment for art lovers is legendary. The bespoke framing service accounts for 50% of the sales turnover, the sale of specialist art materials 30-35% and the remainder is made up by sales of original art, prints and limited editions by well-known local and international artists. The vast stock and range of artists supplies guarantees a good level of custom, however an enterprising fresh focus toward the use of Social Media and online E-Commerce would really take this business to an exciting new level. Our clients would be more than happy to assist new owners with training for a transitionary handover period and even remain available on an on-call basis as consultants for as long as the new owners need them.
THE PREMISES: Ground floor, lock-up retail sales shop with wide and prominent main road frontage. Two large display windows and attractive signage. Internally the ground floor sales and display areas extend to approximately 73.5 sq m. To the rear are two workshop areas of approximately 11.3 sq m and 16 sq m. A considerably larger workshop and store measures approximately 29.5 sq m and a mezzanine workshop floor is accessed by steps and gives an additional 16.4 sq m of floor space with a store room of 8.1 sq m. Utility areas include staff WC and kitchenette. The lower ground floor has two elegant gallery showrooms of 13.8 sq m and 15.7 sq m, plus a large store room of almost 32 sq m.
TRADING INFORMATION: The business has consistent sales turnover in excess of £200,000 (net of VAT) per annum. Projected turnover to April 2022 is on course to reach £210,000 with adjusted net profits of circa £80,000. An extremely healthy and successfully run business.
EPC Band E.

Property Information

Property:

Leasehold

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