Picture Framing and Art Gallery in East London For Sale

Situated in a Parade, excellent trading position, residential and commercial area, East London

Turnover £ 2,750
Price £60,000

Features

Well Established Picture Framing, Art Gallery, Greetings Cards & Workshop with Excellent Reputation & 15 Years Trading History

4 DAYS OPENING

- Sale due to potential move abroad.
- Well established Bespoke Picture Framing Gallery and workshop with 15 years trading
- Double fronted shop with shutters
- Located on busy main road with prestigious shops and tourist attractions nearby.
- Ideal for owner occupation but can be run by two staff.
- Currently trading four days a week, there is an opportunity to expand trading hours and boost income.
- Excellent reputation and potential for growth.
- The asking price can be recouped in two years with the net profit as it stands
- Strong base of loyal repeat customers
- We are open to offer support and training if needed
- After over 30 years in the framing industry we are looking forward to retirement.


DOUBLE FRONTED PREMISES in the region of 680 ft² WITH ELECTRIC SHUTTERS, laminated strip floor, suspended ceiling with LED Panel lights, Air conditioning with hot air, sales counter, cash register

Show Room

2 Work Shop Room.

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

Staff Kitchen. New central heating boiler.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,750 p.w. with a Gross profit of 50% approx. We are advised the sales for year ended 2025 showed turnover of £141, 013. Gross profit £84,083 (59.6%)

Staff

The business is at present operated by 1 of the partners with 1 self employed staff.

Trading Hours

4 Day week
WEDNESDAY - SATURDAY 10 a.m. - 5 p.m.
There is potential and demand for increased opening hours.

Tenure

The private landlord subject to satisfactory references are prepared to grant a new SECURE RENEWABLE LEASE 7 years full repairing and insuring lease with rent reviews every 3 years at a current rent of £21,600 p.a.

Business Rates from April 2025 £1,880 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2010, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS' SEMI-RETIREMENT (AFTER 30 YEARS IN THE FRAMING BUSINESS) AND OTHER BUSINESS INTERESTS.

THE VENDORS ARE HAPPY TO OFFER SUPPORT AND TRAINING DURING THE IF REQUIRED TRANSITION PERIOD.

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £60,000 plus STOCK AT VALUATION (£10,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 30,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote