Business
Please quote reference B07855

CoGoGo welcomes to the market an exciting opportunity to acquire an exceptionally well run and popular Arts & Crafts Shop in Letchworth.

The business is often described by customers as an Aladdin’s Cave of Art and Craft Treasures. The staff are experts in a variety of fields including gilding, printing and modelling as well as painting; able to advise on the best products for your particular needs.

Tim’s Art Supplies now comes to the market due to our clients desire to retire.

The founder, Tim, has since moved on from the business now almost 10 years later with the new owners they now move to be known as ‘ Art & Craft Supplies’ rather than Tim’s Art Supplies but decided to keep the name as it is very well known locally.

They specialise in art supplies for all painting disciplines such as oils, acrylics, watercolours and gouache, plus offering children’s poster paints and sets with supporting stock for knitting, sewing, tapestry, long and cross stitch, card making, modellers, and all craft in general. Craft kits always come in stock to suit children and adults from beginners to fully experienced, including the ever-popular paint-by-numbers.

Their framing work is all done in-house on their premises, meaning your precious artwork is not being sent away for completion but delicately kept in their hands. They provide a quoted timescale of around 2-3 weeks which allows enough time for ordering in moulding or missing mountboard colours, however they take less time depending on if the stock is in place. On many occasions they have managed either same day or next day turn arounds – so if the job is urgent it is always worth speaking to them first, they will always give a price before you commit to proceeding further.

Assets included –

• Multiple stands & Shelving
• Desk & Computer
• Printer
• Framing machine
• Cutters
• Modern EPOS
• Till System
• In house CCTV
• A (Non-selling) Website

Location
Part of the original Garden City building being self contained, Tim’s was established in 1978 and continues to florish now in the busy historic market town within Letchworth, positioned to overlook the pavement fountain display.

Premises
The internals have recently been redecorated and they have placed wood flooring throughout the premesis for a more modern, sleek look.

At the rear of the premesis is a shared ‘slope’ with the adjacent shop.

Parking permit has been put in place immediately behind the shop, which our client pays an annual fee for.

Ground Floor – 

• Main sales area
• Large serving area
• Storage 
• Toilet

First Floor – 

• Used for framing & admin

Second Floor –

• Loft access (Access currently blocked)

External Area –

• Access to rear / bin area
• Alarm system fitted

Tenure
We are advised this business is being sold on a Leasehold basis with 4 year and 8 months remaining on a 5 year lease. The rent is advised to be £14,000 per annum.

Hours
The current trading hours are:

Monday to Friday – 9:45am to 5:00pm

Saturday – 9:00am to 5:15pm

Sunday – Closed

Staff
The business is currently run and managed by our client.

Financial Profile
The advised turnover for 2023 was £120k. Full financials can be made available upon further request.