Prominent Location Close To City Centre
Annual Turnover £65,976
Gross Profit £39,585
Further Financial Info Available After Viewing
Owner Operators/No Staff
Fantastic Online Reviews
Two Websites Included
Huge Scope To Extend Opening Hours
Potential For Online Sales
EPC - D
REF 7837 – Leasehold Specialist Art & Crafts Gallery
Blacks Brokers are pleased to bring to the market this leasehold specialist art & crafts gallery located in Chorlton-cum-Hardy, Manchester.
Creative Recycling Gallery was established by our client in this affluent area of Chorlton-cum-Hardy in 2004. This unique gallery, specialises in commissions, artwork as well as unique handmade original designs, framed artwork, free standing art and sculpture, glass work, accessories, ceramics and gift novelties. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted online. Creative Recycling Gallery has two websites in place.
Creative Recycling Gallery occupies a main road trading position within a parade of shops, bars, fashion boutiques and much more. The area is densely populated residentially and commercially with neighbouring businesses including a variety of independent retailer. There are also a number of other local amenities nearby including schools, convenience stores and restaurants. The area is well linked by the M60 with very strong public transport links and parking is available in the immediate area.
REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s retirement plans the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a seven year lease which began in 2020 at a cost of £240 per week.
The business operates with our two clients only in employment and the business has been managed on a part time basis to suit due to a variety of factors including Covid-19 and lockdown measures. There is much scope to expand these opening hours.
Creative Recycling Gallery has traded solidly since opening and our client has established a strong repeat customer base. We are advised that the business has annual turnover of £65,976 and gross profit of £39,585. Full financial information is available upon request.
This long established business occupies an enviable trading position in a sought after and bustling area of Manchester. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of longer opening hours, a new online presence with social media and a strong marketing drive. A new owner could also expand the product range. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.