ARTISTS MATERIALS & PICTURE FRAMING POOLE DORSET

Price:

Leasehold - £49,500

Turnover:

Seller Ref:

AR4337DO

Location:

Dorset, High St, Poole

Business Type:

Retail businesses

See Other:

Art shops for sale in Dorset
Picture framing shops for sale in Dorset
Retail businesses for sale in Dorset

Description:

THE BUSINESS:

SITUATED IN THE TOURIST HOTSPOT OF POOL DORSET THIS BIJOU SHOP HAS A FRONTAGE TO THE TOURIST TRAP HIGH STREET
THE SHOP SELLS AWIDE RANGE OF TOP NAME ARTIST MATERIALS ROWNEY ETC AND SUB CONTRACTS THE PITURE FRAMING SIDE OF THE BUSINESS ALTHOUGH THIS CAN BE RE-INSTATED WITHIN AS THE EQUIPMENT REMAINS. THE ROOMS AT THE BACK FORMERLY USED FOR FRAMING ARE USED AS A GALLERY. TAKINGS ARE IN THE REGION OF £119.000 WITH A GROSS PROFIT OF £54.536 AND A RECONSTITUTED NET PROFIT OF £29.000.
THERE ROOMS ABOVE W.C OFFICE STORAGE ETC.
WE ARE INFORMED THAT THE BUSINESSS IS BEING OFFERED WITH 5 UNEXPIRED YEARS OF A 21 YEAR LEASE. THERE IS A POSSIBILITY OF A NEW LEASE. CURRENT RENT £16,000 PER ANNUM BUSINESS RATES PAYABLE £547.PA. 2 CAR SPACES AT REAR (1 RENTED OUT)
PHONE VANDERVELLS FOR MORE DETAILS 01872 261120.

Lease Terms:

ADVISED 5 YEARS REMAIN OF 21 £16.000 RENT P.A.

Trading Hours:

9.30AM TO 5.00PM CLOSED SUNDAYS.