Miscellaneous businesses for sale in Bedford

View the "Quality Turnkey Pottery Painting Studio And Tearooms Bedford" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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S Martin (Feb 2013)
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Leasehold Price: £79,995 Price Reduced Annual Turnover: £205,000 Annual Net Profit: £42,507
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Business Description
Location
Em-Pwr Business Brokers Ltd is pleased to place onto the market a well established business which is very centrally located in Bedford. It enjoys a very prominent position in the High Street and enjoys good pedestrian and traffic flow. There are many other businesses housed in the area.

Business Details
This Business was established in 2003, the present Owners having purchased it in 2008. Since this time the Company has grown into a well known local brand and re-located to its present premises in 2011. It is now one of the largest Studios in the country. The Directors wish to sell to semi- retire and are prepared to look at any proposals to purchase the business and would consider part of the payment of the business to be in instalments

The Business consists of a large studio with space for 67 customers and is very upmarket, therefore attracting mothers and well to do clients. The large size of the premises and seating ensures a large range of client choice for repeat business. As a result of this, profit margins are very healthy. The revenue streams are studio painting, parties, hand and footprints, and it also incorporates one of Bedfordshire’s only loose leaf tearooms with a traditional lunchtime menu. A small amount of the products is outsourced including jewelry and wooden plaques.

There is a store manager employed as well as a store supervisor, that between them share a vast knowledge of the business and all its related procedures. There is also one-part time member of staff with 6 weekend part timers. There is a full training/procedure manual with all business processes which is available. In addition to this, a full training and handover period will be offered.

The present marketing strategy is aimed at families and parents, new mums, social groups and organisations. There is continuous and repeat business and a 2,500 strong email base. New customers are attracted via word of mouth, the Bedford hospital programme, advertising in the Primary Times, Summer School Out brochures, and passing trade. At least 50% of turnover is repeat customers.

There is potential to grow the business, which has already shown yearly expansion. The tea rooms and food side of the business could be given much more focus. There is potential to convert the cellar to increase capacity. The wedding signing plates could be expanded. Also the hospital partnerships could be expanded to include Luton & Dunstable, and Milton Keynes. Evening parties could be more pro actively promoted and pottery making classes could be developed. There is no other competitor in the County.

The Owners are happy to provide a hand over period and consultancy if required and are prepared to look at any proposals to purchase the business and would consider part of the payment of the business to be in instalments

Financial Details
The accounts for 2016 show a turnover of £205,392 with an operating profit of £42,507. The accounts for 2015 show a turnover of £195,609 and an operating profit of £32,609. The assets are valued at around £5,000 and the stock levels fluctuate between £3,000- £5,000.

Property Details
The premises is located over 2 floors, with a large studio, tearooms and storage. There is parking for 2 cars at the rear.

Tenure
The property is leasehold with 5 years left and a rental of £25,000 pa.

Ref: 13281

Price: £79,995 plus assets plus sav

Disclaimer
These details do not constitute part of an offer or contract. The statements and descriptions given are made without warranties by EM-PWR Business Brokers LTD. The information contained herein has not been verified by EM-PWR BUSINESS BROKERS LTD; complaints regarding the accuracy of the information contained herein will not be acknowledged. Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations, figures and information given on behalf of the seller. Furthermore, any representations made by any representative of EM-PWR BUSINESS BROKERS LTD regarding this business are subject to verification and should be independently corroborated.
Tenure: Leasehold

Location Details:

Em-Pwr Business Brokers Ltd is pleased to place onto the market a well established business which is very centrally located in Bedford. It enjoys a very prominent position in the High Street and enjoys good pedestrian and traffic flow. There are many other businesses housed in the area.

Leasehold Term:

The property is leasehold with 5 years left and a rental of £25,000 pa.

Listed by: Em Pwr UK
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