Art Shops for sale in Sheffield

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Artist`s Material And Craft Retail Business

Sheffield, South Yorkshire, England

  • Leasehold Price: £10,000
  • Turnover: £28,726
  • Gross Profit: £12,799
Seller Reference: 2122 F
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Business Description
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Seller Reference: 2122 F
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Business Description
Option to purchase stock separate

Hilton Smythe is delighted to welcome to the market this well-established and popular artist’s material and craft products retail business in Sheffield, South Yorkshire. The business was established by our client in 1992 and is only now being offered to the market due to our client`s declining health. The business is currently run at a pace to suit our client and operates on minimum hours. The business is open 6 afternoons per week and generates a turnover in the region of £29,000 as per 2016 accounts, with a good gross profit of 45%.

The turnover is generated from the sale of artists materials, craft products, handmade paper, greeting card making goods, water colour paints, acrylic paints, oil paints, inks, pencils, pastels, canvas, papers, brushes, easels, books, DVDs, mount boards and picture framing. Our client also offers free deliveries within the local vicinity. The property boasts a large sales and display area with racking and shelving to suit the trade.

We feel the turnover could be increased by extending the opening hours as the business is currently run at a minimum pace. There is also scope for a new owner to launch a website to promote the business and services offered, as well as offering online ordering services, which we feel would increase the turnover significantly. This is an excellent opportunity for a new owner, with drive and enthusiasm, to take this well-established business to the next level; therefore early viewing must come highly recommended.

Artscene occupies substantial ground floor premises on the very busy Chesterfield Road in Sheffield, South Yorkshire. The business is ideally located and is surrounded by a wealth of complimentary shops and businesses and benefits from a vast amount of footfall and passing trade. There is ample free car parking facilities within close proximity to the premises. The parade of shops is surrounded by a very large densely populated residential area from which our client draws trade, along with business from the many local art clubs and societies and lots of Sheffield’s professional artists and tutors.

Sheffield is a city and metropolitan borough in South Yorkshire. Its name derives from the River Sheaf, which runs through the city. Historically a part of the West Riding of Yorkshire, and with some of its southern suburbs annexed from Derbyshire, the city has grown from its largely industrial roots to encompass a wider economic base. The population of the City of Sheffield is approximately 551,800 and is one of the eight largest regional English cities that make up the Core Cities Group. Sheffield is the third largest English district by population.

The area of the business is well served by the public transport system with several bus stops within easy walking distance of the property. The nearest railway station is approximately 1½ miles away in Sheffield City Centre. The area is also well served by the A-roads, with the business located on the A61, which links to the vast A-road and motorway networks. Barnsley is approximately 22½ miles away and Doncaster is 28 miles away, from which many of our client`s customers travel from, as well as Worksop, Retford, Chesterfield, Rotherham, Holmfirth and from the Peak District.

Stock is worth £70,000

Ground floor retail premises, briefly comprising:
Main sales and display area with:
Large display window with security meshing.
Raised display area to rear.
Display units to perimeter walls.
Central display area.
Serve over counter with credit/debit card machine.

External with:
Good signage.

Stock is valued at around £70,000; however our client is selling for £30,000.

We are advised Tenancy agreement: Rolling rental. Rent: £350 per calendar month.

Monday - Friday: 11.15am - 4.20pm Saturday: 11.15 - 3.00pm Sunday: Closed

The business is owner run and managed.

Financial Profile
The business is open 6 afternoons per week and generates a turnover in the region of £29,000 as per 2016 accounts, with a good gross profit of 45%.

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