CoGoGo welcomes to the market an exciting opportunity to acquire an exceptionally well-run and popular Arts & Crafts Shop in Letchworth.
The business is often described by customers as an Aladdin's Cave of Art and Craft Treasures. The staff are experts in a variety of fields, including gilding, printing and modelling as well as painting; able to advise on the best products for your particular needs.
The business now comes to the market due to the current owner’s decision to retire.
The business benefits from a solid and loyal customer base, having been established locally for almost 50 years. In addition to retail sales, the business also includes a well-regarded in-house picture framing service, providing an additional revenue stream.
The founder, Tim, has since moved on from the business. Now, almost 10 years later, with the new owners, they have now moved to be known as ' Art & Craft Supplies' rather than Tim's Art Supplies, but decided to keep the name as it is very well known locally.
They specialise in art supplies for all painting disciplines such as oils, acrylics, watercolours and gouache, plus offering children's poster paints and sets with supporting stock for knitting, sewing, tapestry, long and cross stitch, card making, modellers, and all craft in general. Craft kits always come in stock to suit children and adults, from beginners to fully experienced, including the ever-popular paint-by-numbers.
Their framing work is all done in-house on their premises, meaning your precious artwork is not being sent away for completion but delicately kept in their hands. They provide a quoted timescale of around 2-3 weeks, which allows enough time for ordering in moulding or missing mountboard colours. They take less time, depending on whether the stock is in place. On many occasions, they have managed either same-day or next-day turnarounds - so if the job is urgent, it is always worth speaking to them first. They will always give a price before you commit to proceeding further.
Assets included -
Multiple stands & Shelving
Desk & Computer
Printer
Framing machine
Cutters
Modern EPOS
Till System
In-house CCTV
A (Non-selling) Website
Financial Profile
We are advised on the following:
Turnover: £89,206
Net Profit: £13,597
