Attractive Picture Framing Shop in Bedfordshire For Sale

Prime high street, busy market town. Bedfordshire

Turnover £ 1,600
Price £70,000

Features

Most Attractive Bespoke Picture Framing / Gallery

6 DAYS OPENING
Superb Trading Position
Established 1989

Rare opportunity to acquire a business with an Excellent Reputation, Repeat Customer Base, Website/Social Media In Place, Award winning Fine Art Trade Guild bespoke framing, Gallery selling popular art alongside independent artists, with Digital printing & Gifts sculptures cards

DOUBLE FRONTED PREMISES in the region of 770 ft² Full window front and side giving maximum exposure to passing traffic and pedestrians. The ground floor is made up of serving and gallery area and printing 55 sq mtrs approx, Leading to the framing workshop 20 sq. mtrs approx. Included in sale: Gunnar F1 hybrid, Cassese CS20, silent compressor, art work, plus canon Printer iPF600, framing equipment, mouldings.

Staff Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,600 p.w. with a Gross profit of 55% approx. Accounts Feb 2023 Annual Turnover £83,000 / Gross Profit £46,000

The owner keeps the turnover just below the VAT threshold. Full accounts can be made available to serious interested parties after viewing.

Staff

The business is at present operated by the vendor with 1 full time staff employed.

Trading Hours

6 Day week
MONDAY - SATURDAY 9am - 4pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) at a current rent of £15,000 p.a.

We further understand that the landlord, subject to satisfactory references, is prepared to grant a new lease at terms and rent to be agreed.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1989, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £70,000 including STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 35,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote