8857LE FINE ARTS & CRAFTS L/H £70,000+SAV
Business for sale
Asking Price:
£70,000
Turnover:
£1
Annual profit:
£1
Audited accounts:
Yes
Management accounts:
Yes
Years trading:
3
Employees:
No
Photos:
No
Ownership:
Sole trader
Business description
Advent Business Sales is pleased to havebeen instructed to offer to the open market
this extremely well established and
profitable arts and crafts shop.
Founded by the vendor over 22 years ago
and at the current site for 6 years, the
business is only now being offered for sale as
she plans her retirement.
The business specialises in arts and crafts
and offers:
• Paints
• Books
• Cards and gift wrap
• Cases
• Light boxes
• Kids crafts
• Inks, crayons, canvas, pencils, pens,
bushes
• Artists sets
The business occupies an attractive and
modern unit, which is decorated to a high
standard.
The shop stocks a wide range of goods,
which results in custom being drawn, not
only from the local area but from far and
wide with a high level of repeat business.
Two part time employees, who work
approximately 24 hours per week each plus
the vendor part time also, staff the business.
They achieve an excellent annual turnover of
approximately £14000, with an above
average gross profit of 51%.
We are advised that stock at cost is
approximately £33,000.
REF: 8857LE
BUSINESS PREMISES
Ground floor lock up premises briefly comprising of the following:
Ground Floor
• Centre door with side window displays into the main sales area
• Counter and till by the door
• Products on display on numerous wall units
• Centre gondola pin handing products
• Laminated floor throughout, strip ceiling lights
• Rear w/c
EXPANSION POTENTIAL
Whilst already a successful business, there is still genuine potential to grow both sales and profits further by:
1. Having a workshop on the premises to demonstrate the finer points, the premises can accommodate 6 at any one time
2. Offering picture framing but initially sub contracting the process until it is large enough to warrant its own production
3. Having its own web site with on site ordering
