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WELL-ESTABLISHED ART GALLERY / PICTURE FRAMING - GROWING VILLAGE HIGH STREET - THAMES VALLEY - NEAR READING, BERKSHIRE

Berkshire, England

  • Leasehold Price: £22,500  Price Reduced arrow_drop_down
  • Annual Turnover: £84,824
Seller Reference: C.6829
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Business Description
 
 
 
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Seller Reference: C.6829
Request Details
Business Description
PRICE REDUCED - WELL-ESTABLISHED ART GALLERY / PICTURE FRAMING - GROWING VILLAGE HIGH STREET - THAMES VALLEY - NEAR READING, BERKSHIRE

Situated in the busy High Street of a prosperous village community in the wealthy Thames Valley, a few miles from Reading.

The Attractive Premises are held on lease which Landlord has offered to renew for a term of 10 years at a commencing rent of £14,000 per annum subject to 3 year reviews and a break clause at end of year 5. Landlord Rent Deposit:- Six months’ rent.

Smart Single Fronted Shop (approx. 15’9” frontage x 32’ deep narrowing to the rear). Storeroom (approx. 7’8” x 7’6”).

Main Workshop (approx. 15’ x 13’4”, well equipped with strong workbench, ‘Morso’ mould cutter, ‘Alfamachine Minigraf 4’ underpinner, oval mount cutter, ‘Keencut Ultimat’ mount cutter 48”, ‘Keencut’ mount cutter 62”, ‘Keencut Excalibur 5000’, ‘Bambi’ compressor, etc.).

Small Storeroom. Small Kitchenette. Cloakroom.

EPC Rating:- C-64

The business was established by the present owner in the 1980’s and has grown steadily over subsequent years.

Latest Accounts available for the year ended 30th September 2018 show Turnover of £84,824 (ex VAT) with Gross Profit circa 67% and a Net Profit with certain addbacks totalling around £27,500.

It should be emphasised that the present owner is suffering ill health and it is considered that a younger owner with renewed vigour and enthusiasm would increase the levels of trading, especially for someone more ‘internet savvy’.

Price required for goodwill, lease, tenant’s fittings, fixtures, utensils & equipment:- £22,500 STOCK EXTRA AT VALUATION (CIRCA £20,000 AT COST - NEGOTIABLE)
Tenure:
Leasehold
Location Details:
Situated in the busy High Street of a prosperous village community in the wealthy Thames Valley, a few miles from Reading.
Leasehold Term:
The Attractive Premises are held on lease which Landlord has offered to renew for a term of 10 years at a commencing rent of £14,000 per annum subject to 3 year reviews and a break clause at end of year 5. Landlord Rent Deposit:- Six months’ rent.
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