Sold £19,500 - General Retail
The particular highlights are:-
• a well established business in a town centre near pedestrian walk-thru • good location, central, with customer parking close by • no staff • low overheads only £400 per month break-even • a niche business with very little competition • 5 days trading, Tuesday to Saturday, inclusive 9.00 to 5.00 pm • a modern retail unit 12’ by 20’, workshop above of similar size. • excellent reputation with repeat customers • equipped with professional framing equipment – morso, underpinner, mountcutter etc
History Established in 1998 Genuine retirement sale owner 60 +
No marketing or advertising other than the phone book (small yellow pages box) Currently trading on long established reputation.
Opportunities • The business has huge potential • Develop sales of Postcards to local hotels , Guesthouses and Public Houses • Opportunity for online art sales • Profitability could be improved with a computerised pricing system • Introduction of cards and gifts on a greater scale • Exhibiting art for professional artists on a commission basis
Training and handover
The owner would provide and welcome on the job experience to assist someone new to framing to asses the business and gain a good understanding of picture framing.
He will continue to live locally and give extensive training and support to the new owner.
The turnover for 2012 was £18000 realising a profit of circa £11000pa
Full accounts for previous years will be available to serious applicants.
The current owner has good working relationship with the landlord and the landlord would be willing to discuss a new lease to co-incide with the transfer of the business, subject to references etc. Current rent amounts to £300 per month only !
This is an excellent example of a business suited to an individual or couple seeking an independent way of life in a fast changing world.
Price for goodwill, lease, equipment, tenant’s fixtures, utensils, £19,500
Stock included at valuation ( approximately £10,000)