Under Offer
Well established Picture Framing business for sale
Twickenham, Greater London
- Asking Price: £249,995 +SAV
-
Turnover:
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.
- Tenure: Leasehold
Please 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
We are advised that the business is owner run and managed, with the help of two long serving part time members of staff.
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
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.
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.
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Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
