Established Picture Framing Business in Twickenham London with Accommodation
Twickenham, London
- Status
UNDER OFFER
- Date Submitted:
18/03/23
- Advert ID
510238
- Reference
B07260 / Rightbiz
- Call Agent:
- Leasehold: £249,995
- Turnover: £278,228 (£5,351 Per week)
- Net Profit: £106,408 (39% Profit margin)
Business Details
Well established Picture Framing business for sale
BusinessPlease quote Reference B07260
CoGoGo are delighted to welcome to the market Frames of Twickenham Limited, a highly rated picture framing business in Twickenham.
The business has been under our clients ownership since 2001, building up an excellent reputation and very loyal customer base.
Frames of Twickenham Limited has now come to the open market due to our clients desire to retire.
They offer a full bespoke framing service offering all styles of frame to compliment your chosen image.
Key selling points -
- A well-established business with an enviable reputation and many regular customers
- Current owners happy to offer a handover to ensure the continued success
- All fixtures, fittings and equipment included in the sale making this a real Turnkey business opportunity
- Prime trading position in a salubrious area
- Includes living accommodation or valuable additional income stream
- Advertising and marketing campaigns
- Maximise the use of social media
- Update the existing website
- Increase the range of products stocked in store
- Introduce a customer loyalty card / scheme
Location
Frames of Twickenham Limited is located on King Street in Twickenham.
The business has eye catching signage and receives high levels of footfall and passing trade.
Premises
Occupies a double fronted premises on a busy high street.
Ground floor -
- Generous retail shop, windows and glazed door to front creating a light, airy and inviting interior with a pleasing upmarket feel.
- Workroom to rear
- Both workroom and shop are air conditioned
- To the first floor is a generous 3 bedroom flat which is sublet and currently receives a rent of £23,400 per annum.
Tenure
We are advised that the business is being sold on a Leasehold basis, with the current lease expiring in 2031. From June 2023, the rent is £32,725 per annum. From June 2024, the rent is £33,250 per annum and from June 2025, the rent will be £33,800 per annum.
Hours
The current trading hours are -
Monday – 09:00 – 17:00
Tuesday – 09:00 – 17:00
Wednesday – 09:00 – 17:00
Thursday – 09:00 – 17:00
Friday – 09:00 – 17:00
Saturday – 09:00 – 17:00
Sunday - Closed
Staff
We are advised that the business is owner run and managed, with the help of two long serving part time members of staff.
Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £280,000. Further financials can be made available upon request.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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