Picture framing business in Leatherhead Surrey with £81K turnover - retirement sale
Leatherhead, Surrey
- Status
FOR SALE
- Date Submitted:
28/03/23
- Advert ID
510771
- Leasehold: £20,000
- Turnover: £82,000 (£1,577 Per week)
- Net Profit: £32,000 (40% Profit margin)
Key Features
- Accounts Available
- Established Business
- Offers Invited
- Retirement Sale
- Town Centre location
- Attractive Business
- Fully Fitted
Business Details
Profitable Picture framing business retirement sale
Hi,
My name is Sue, the owner of The Black Dog Gallery in Leatherhead. Due to retirement, I am looking to sell my business in the next few months.
We are a highly rated picture framing business in Leatherhead, Surrey.
I have owned the business since 2003, building up an excellent reputation and very loyal customer base and I am selling the business due to retirement.
We offer a full bespoke framing service offering all styles of frame as well as art (on a sale or return basis) as well as small pieces of jewellery and trinkets.
Key selling points -
- A well-established business with a great reputation and many regular customers
- Approx £81K annual turnover with £52K gross profit.
- Happy to handover to ensure a continued success.
- All fixtures, fittings and equipment included in the sale. A turnkey business. Viewings recommended to show you the operation set up.
- Just off the Leatherhead high street with close proximity to shops. A good front window to catch passing trade.
Things that can be improved -
- Advertising and marketing campaigns in the local and surrounding areas.
- Maximise the use of social media
- Update the existing website (although it is fit for purpose)
Premises
Occupies a single fronted premises off the high street close to a range of shops.
Ground floor:
Retail shop with front space (5m x 3.5m) and a back half (3.3m x 3.5m). There is also a small bathroom incorporated which is 1.65m x 1.5m
Basement:
- There basement is approx. 3.5 x 5m which is used as a workshop.
Tenure
New lease terms to be discussed with very friendly and accommodating landlord.
Hours
The current trading hours are Monday - Saturday 9.30-5.30.
Staff
I work in the shop 4 days a week and we have a part time staff member who works 1.5 days per week.
Financial Profile
As per the 2022 accounts, the business generated a turnover in the region of £81,000. Further financials can be made available upon request.
Asking price:
£20,000
Website: https://www.theblackdoggallery.co.uk/
Map
What's Nearby
Listing Statistics
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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.
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