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Award Winning Arts And Crafts Business In Elgin For Sale

Elgin, Moray, UK
Asking Price:
£114,995
Turnover:
£72,600
Net Profit:
Available on request

Business
Please quote reference B06957

Hilton Smythe welcomes to the market an exciting opportunity to acquire (on a freehold basis) an award winning, exceptionally well run and thriving arts and crafts business.

Bee Crafty has been under the careful and meticulous ownership of our client since 2005, building up an enviable reputation not just locally but within the industry in general, a true testament to the hard work and dedication from the current owner, resulting in the high calibre of business on offer. The business is now being offered for sale due to our client wishing to leave the industry after many successful years of trading as they look to retire in the near future.

This long-standing business originally started trading in 1989, with our client initially running the business from 1998, before taking full ownership in 2005. The business stocks an extremely wide variety of arts and craft materials and has many loyal customers who visit them from all over the country. The business was voted the ‘Best Independent Retailer in Scotland’ in the ‘Best of Crafts Awards’ 2020 and again in 2021 which is voted for by the readers of Crafts Beautiful magazine, a true testament to the dedication from the owner and staff within the business.

We feel there is scope to increase turnover with the undertaking of a robust marketing campaign via local press, social media, along with the introduction and promotion of a dedicated website where customers can either click and collect or order for delivery, along with the introduction of some further products.

This is a highly desirable business with an excellent business model in place and would be a very attractive proposition for either an individual or partnership looking for their first business in this sector which is already established, or for an experienced operator looking for an additional business with an attractive income stream.

A tremendous opportunity to own this well-established and popular business, with the current owner happy to offer a hand over period. Early enquiries are highly recommended to avoid disappointment.

Location
The business is located in a prime trading location on South Street, within the popular Moray town of Elgin. The business is complemented by being surrounded by a host of local independent retailers, leading to a good level of footfall, and passing trade. Due to the number of wedding related businesses on this street, South Street has long been known as “The Wedding Street'' by locals and customers.

Elgin is well serviced with a wide range of local amenities including primary and secondary schooling, Dr Grays Hospital, along with a good selection of hotels, pubs, restaurants, and a variety of independent and major retail stores. The town further benefits from excellent road and rail links to the cities of Inverness and Aberdeen.

Premises
The business is located in a ground floor, single fronted retail property, a bright and welcoming interior comprising ample display areas with shelving to the perimeter, free standing displays to the centre and a service counter. The shop further benefits from ample storage and w/c facilities. The premises can be found in overall good condition.

Tenure
We are advised that the business is being sold on a Freehold basis.

Hours
The business hours are -

Monday – 10:00 – 17:00
Tuesday – 10:00 – 17:00
Wednesday - 10:00 – 17:00
Thursday – 10:00 – 17:00
Friday - 10:00 - 17:00
Saturday – 10:00 – 17:00
Sunday - Closed

Staff
We are advised that the business is owner run and managed, with the help of 2 part-time members of staff.

Financial Profile
We are advised as per the 2020 accounts, the business generated a turnover in the region of £73,000. Further financials can be made available upon request.

Please quote reference B06957

Property Information

Property:

Freehold

Contact Hilton Smythe

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