Picture Framing Shops for sale in Southsea

View the "2 Art Galleries & Bespoke Picture Framers With Exclusive Gifts & Cards, In Southsea & Lee-on-the-Solent, Hampshire" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

2 Art Galleries & Bespoke Picture Framers With Exclusive Gifts & Cards, In Southsea & Lee-on-the-Solent, Hampshire

Southsea, Hampshire, England

  • Leasehold Price: £70,000
  • Annual Turnover: £275,556
  • Annual Gross Profit: £157,755
Seller Reference: M3809
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Business Description
 
 
 
 
 
 
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Seller Reference: M3809
Request Details
Business Description
*FOR SALE AS A PAIR* - 2 ART GALLERIES & BESPOKE PICTURE FRAMERS, INCLUDING RETAIL OF EXCLUSIVE CARDS & GIFTS, OCCUPYING DESIRABLE LOCATIONS IN SOUTHSEA & LEE-ON-THE-SOLENT, HAMPSHIRE. Originally established 50 yrs ago & now offered for sale due to pending retirement. Southsea shop is situated just off multiple precinct & has retail area of 688 sq.ft with separate fully equipped workshop 544 sq.ft – NB full training given. Lee- on-the-Solent shop overlooks seafront & has a retail area of 396 sq.ft. Run by a couple with part-time assistance. Recorded T/O £275,556 (ex VAT) y/e 31 Dec ’19. GP £157,755 (57%). Both shops offered with new 10 yr leases at combined rental of £25,500 p.a.x. - £70,000 + S.A.V. (Ref. M.3809). PLEASE VISIT OUR WEBSITE: www.andrewgreenwood.com
Trading hours:
The Southsea Gallery opens at 9.00 am and closes at 5.00 pm, from Monday to Saturday and the Lee-on-the-Solent Shop opens 7 days a week, from 10.00 am to 5.00 pm.
Number of employees:
6pt
Tenure:
Leasehold
Support and Training:
Full training and support given.
Location Details:
The Southsea Gallery is situated just off the Palmerston Road multiple shopping precinct, between the Marmion Road shopping thoroughfare, close to a large Waitrose supermarket and car park. The Lee-on-the-Solent Art Gallery occupies a prominent position, amidst a parade of shops that enjoy seafront views across the Solent towards the Isle of Wight. The shop is situated opposite a large seafront car park, although has the benefit of on-street car parking.
Leasehold Term:
Both shop premises are offered for sale with new 10 year leases (not verified). In this respect we are advised that the initial rental for the Southsea shop will amount to £14,500 per annum and £11,000 per annum for the Lee-on-the-Solent unit.
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