Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Sold. Long-established Retailer Of Specialist Fine Art Materials
LISTING DETAILS
Firms For Sale ID:
29086
Vendor reference:
IZ022
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£40,000
Turnover / revenue:
£165,000
Net profit / cashflow:
Undisclosed
Years established:
1930
Trading hours:
The outlet is currently open between 9.30 am and 5.30 pm, six days per week. The outlet is closed on Sundays and all Bank Holidays
Number of employees:
7
OTHER DETAILS
Reason for selling:
This is a genuine retirement sale
Support and training:
The current owner will provide all necessary training and all relevant contacts to ensure a smooth transfer of the business to new owners and continuity of trading.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease length:
5
Lease terms:
The premises are rented with approximately four and a half years remaining of a five year full repairing and insuring lease, with a break clause in June 2012. Rent is £16,500 per annum. Rates are £7,470pa, but are currently on appeal.
BUSINESS DESCRIPTION
Long-established retailer of specialist fine art materials
Ref.IZ022
Location Surrey
Asking Price £ 40,000
Operating since the early 1930’s, this business is quite possibly one of the oldest established arts materials retailers in the UK, offering a comprehensive range of specialist fine art and graphics materials to student and professional artists, at very competitive prices.
Now into its third location in this, one of the largest commercial centres in Surrey, and close to the busy High Street, the business has been the first port of call for professional, leisure and student artists alike, at all levels of ability, frequently drawing a large proportion of its customers from within a twenty mile radius – and others from even further, keen to avoid a trip into Central London.
This business caters for artists working in almost all media including watercolour, oils, acrylics and pastels. It also carries extensive ranges of paper, board and canvasses as well as brushes, palettes, easels and an array of painting and drawing accessories. It stocks all kinds of bits and pieces including paper, glues, tapes, knives, scissors and much more. The business’s graphics and technical drawing section is equally strong offering a selection of drafting pens, drawing instruments, markers, pads and papers
Market / Competition / Non-Competition Agreements
Being well-established and a permanent fixture in the town for many years, this business enjoys high levels of residual awareness and good footfall from passing traffic. Its excellent reputation, specialist, independent status, high levels of customer satisfaction and the fact that artists are dealing with artists, all combine to generate considerable levels of repeat business and word of mouth recommendations.
The business features in the local Yellow Pages and the newsletters of local art societies. When approached the business also provides prizes for local Art Societies’ exhibitions and offers a small loyalty discount to major customers.
The business has a very well designed and informative website that performs very well in search engines for all appropriate search topics