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8857LE FINE ARTS & CRAFTS L/H £70,000+SAV

Asking Price: GBP 70000
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Business Location: United Kingdom » Leicestershire » LEICESTERSHIRE 
Category: Retail » Miscellaneous Retail
Description:
THE BUSINESS
Advent Business Sales is pleased to have
been 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
TRADING HOURS
Mon – Sat: 9.00am – 5.00pm
Sun: closed
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
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £140,000
Gross Profit: 51%
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
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
TENURE: Leasehold
Original lease: 9 years
Remaining lease: TBC
Review every: TBC
Rent: £
We are advised that the annual business
rates are currently: £
 
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Financial Information:  
Annual gross sales: (GBP) 140000
Yearly Revenue: (GBP)
Total yearly sales revenue
N/A
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:  
Business Area:
Year Established: 2002
Is Relocatable?:
No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
Number of Employees: 2PT
No of trading hours: Mon – Sat: 9.00am – 5.00pm
Reasons for selling:
now being offered for sale as she plans her retirement
Market competition and expansion:
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
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