Picture Framing and Art Gallery in East London For Sale

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

Turnover £ 2,620
Price £60,000

Features

Picture Framing, Art Gallery & Greetings Cards

5 DAYS OPENING

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,620 p.w. with a Gross profit of 50% approx.

Staff

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

Trading Hours

4 Day week
WEDNESDAY - SATURDAY 10am - 5pm

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 OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £60,000 plus STOCK AT VALUATION (£20,000 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