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Framing And Photo Shop On The Suffolk/Cambridge Border For Sale

Newmarket, Suffolk, UK
Asking Price:
£45,000 Furniture / Fixtures included
Turnover:
£50K - £100K
Net Profit:
On request

We have been trading in a Newmarket for over 28 years and the time has come to retire.
Since moving to a much smaller town centre unit, 3 years ago we have saved on overheads plus we have a better trading position and much better footfall.

We also have a large workshop on a business park a couple of miles out of town.

Sale includes all relevant equipment.

We currently operate 6 days a week with my wife and I and a part time member of staff and have an online ordering website also.

This is room to expand the business.

The shop is in a main pedestrianised throughfare between the indoor shopping centre and the high street.

** NEW INFORMATION**
Our main framing competitor has closed.
We are now the only main framer in town.

Another photo printing shop has opened in town, as yet no impact on our business.

The business position is that the staff member runs the shop 4 days a week with support from myself if needed while I am at the workshop making up the posters ,canvas ,gifts, frames etc.

This would suit a similar set-up. Could also be run as a ‘one man band’ closing a day or 2 in the week.

Property Information

Property:

Leasehold

Leasehold Rent:

£10,620 per annum

Location:

Prime position in the main thoroughfare between high street and indoor shopping area.
Large workshop is in a business park a couple of miles from town.

Premises Details:

Single fronted shop, in a pedestrianised street also a large workshop located a couple of miles away on a business park.

Size in square feet:
Shop: 95 sq ft. - Workshop 409 sq ft

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Longer hours. Much bigger online and social media presence. Business to business offerings.
Framing, video transfers, canvas-poster printing for other stores in the area.
Glicee printing for artists.

Competition / Market:

My only framing competitor is closing down, so will expect a spike in volume of this lucrative sector.
From printing point of view Boots the Chemist (Non attended kiosks)
A new photoshop has opened in town.

Reasons for selling:

Retirement.

Trading hours:

Monday - Saturday 9:30 am - 4:30pm

Employees:
1
Years established:
28

Other Information

Support & training:

Training as required for a duration to be discussed.

Furniture / Fixtures value:
£500 - included in the asking price
Inventory / Stock value:
£3,500
Website:
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