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Finance And Services:

Sold. Established Art Gallery, Picture Framing, Painting & Frame Restoration, Artist Materials

LISTING DETAILS
Firms For Sale ID:
33217
Vendor reference:
AH138
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£59,950  
Turnover / revenue:
£51,000
Net profit / cashflow:
Undisclosed
Years established:
21
Trading hours:
Monday Friday: 9am 5.30pm
Number of employees:
2
Employees / staffing:
The owner, who oversees all activity including new artist selection, is responsible for the overall performance of the business supported by one part time person responsible for framing who works 3 days a week, plus 1 part timer employed for one day per month for book keeping.

OTHER DETAILS
Reason for selling:
The owner has now reached retirement age.
Support and training:
Support and training will be provided for a period of time to be negotiated at the time of sale.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
A lease can be arranged for the purchaser at 120.00 per week with rent reviews by negotiation. The freehold could be purchased for between 70-75,000 in addition to the asking price.
 
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BUSINESS DESCRIPTION
Established Art Gallery, Picture Framing, Painting & Frame Restoration, Artist Materials
Ref.AH138
Location N. Ireland
Asking Price 59,950
This well repected art gallery is one of the best in Northern Ireland and has gained a good reputation. Established in 1992 as a picture framing company the business moved to different premises and became an art gallery in 2000. A one stop shop it offers a selection of services and products, including bespoke picture framing, frame and picture restoration plus artist materials attracting customers from far a-field. The variety of products and services provide a diverse income stream for the business and offer the chance to develop further within the separate areas.

The exceptional selection on display is both modern and traditional, representing a collection of both Irish and English artists that are attractively displayed across the separate gallery rooms. The work includes pictures in oils and watercolours, plus prints, engravings and bronze.

The business has its own company website which brings in plenty of interest.

Market / Competition / Non-Competition Agreements
The business has an attractively designed and easy to navigate web-site to maximise awareness. By far the most effective form of marketing for the business however is the strong word of mouth recommendations and referrals it receives from very satisfied customers, testimony to the high level of regard the gallery has and its excellent reputation for good quality art products and services.