Craft Shops for sale in Cumbria

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S Martin (Feb 2013)
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Leasehold Price: £35,000 Turnover: £86,000 Gross Profit: £38,000
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market this well established and popular arts and crafts business, which is ideally located in Cumbria.

The business was established by our client in 2009 and is only now being offered to the market due to our client’s desire for an early retirement. The business currently operates 6 days per week and generates a turnover in the region of £86,000 per annum, with a gross profit of approximately 44%.

Our client offers a wide variety of art and craft materials including, paints (oils, acrylics and watercolours), mount boards, paper, card, brushes, easels, cases and adhesives, to name a few. Our client also offers a picture framing service. The property boasts over 50 sq. metres of floor space, is very well maintained and fitted out to suit the trade.

The business has built up an excellent reputation within the area and further afield, for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours, perhaps by offering Sunday trading. A new owner could also embark on a modest marketing campaign to highlight the excellent goods and services offered.

This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already thriving business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

LOCATION
This busy art and craft business occupies substantial ground floor premises, ideally located within a town in Cumbria. The business is set on a busy road and is surrounded by a wealth of complimentary shops, business and schools, therefore, benefiting from a very high volume of footfall and passing trade. The business further benefits from good car parking facilities within the area.

The area of the business is served by the public transport system, with bus stops within easy walking distance of the property. The nearest railway station is approximately 7½ miles away. The area is also well served by the A-roads, with two being within easy driving distance, which link to the national A-road and motorway networks.

PREMISES
Substantial ground floor premises in an ideal trading location, briefly comprising:

Main sales and display area with:

2 x large display windows.

Racking and shelving to perimeter walls.

Greeting card display units.

Wall display hangers.

Serve over counter with electronic cash register and credit/debit card terminal.

To the rear:

Store room with small kitchen area.

WC.

External:

Rear communal yard.

TENURE
We are advised Leasehold:

Original lease length: 5 years

Remaining lease length: 3 years

Rent: £9,600 per annum

HOURS
The business is open:

Monday – Saturday: 9.00am – 5.00pm

Sunday: Closed

STAFF
The business is owner run and managed with 2 x full time staff members.

FINANCIAL PROFILE
The business generates a turnover in the region of £86,000 per annum, with a gross profit of approximately 44%.


Tenure: Leasehold

Listed by: Hilton Smythe
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