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Well-Established Picture Framing Business in Winchester, Hampshire for Sale

Winchester, Hampshire

  • Asking Price: £115,000
  • Turnover: Winchester Framing Ltd reports a turnover of circa £130,300 per annum with a gross profit of 73%.
  • Tenure: Leasehold

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Hilton Smythe welcomes to the market Winchester Framing Ltd. Originally established in the 1970s under the name of The Printed Page this quality picture framing concern has been run and managed by our clients, a successful husband and wife team since 2001. The business has established a loyal client base over the years, with much repeat business and recommendations. Winchester Framing Ltd reports a turnover of circa £130,300 per annum with a gross profit of 73%. The business offers an extensive range of quality bespoke frames, each hand made to order. For customers the business offers either one-off mounts or volume mounts using the latest computerised mount cutting technology. Additional revenue is generated from the sale of limited edition prints, photo frames, print on demand service, sculptures and mirrors. Winchester Framing Ltd has a fully optimised website www.winchesterframing.co.uk with on-line shopping service. We believe this arm of the business has the potential for growth, perhaps by adding additional merchandise. This is a turn-key and well-established business which genuinely comes to the market as our clients look towards a well-deserved retirement.

The business is owner run and managed with the assistance of 1 members of staff working 3½ days per week.

The business opens:- Monday to Saturday 9.30am - 5.00pm Sunday closed.

The business is located is the vibrant city of Winchester, Hampshire. Winchester Framing Ltd sits on the well maintained Bridge Street, in the heart of the City centre. Surrounded by independent retailers, eateries, public houses and usual amenities, ensuring consistent footfall throughout the day. Winchester is packed with historic buildings, monuments and museums. The city is located at the western end of the South Downs National Park, along the course of the River Itchen adding to the charm of this sophisticated city which draws thousands of visitors each year. The city is served by the M3 motorway and several A roads, A34, A31, A3090 and A272. The town boasts its own railway station and an excellent bus network running throughout the city and out towards local villages and towns.

Double fronted mid parade premise briefly comprising:-Ground - entranceVibrant frontage with good signage, both windows haveitems displayed on the window ledges.The ground and lower ground of the shop consists of thefollowing sections:-Ground - rear workshop areaSmall kitchenette area, single bowl stainless steel sink withright hand drainer mounted into a two door under cabinet.General storage areas.Door leading into rear workshop;1 x KEENCUT SYSTEM 4000 glass cutter.1 x HGP 220 VACUUM PRESS (currently not used).1 x CLARKE branded picture hook hanger press.1 x CASSESS branded air gun.1 x BAMBI triple head compressor.Lower GroundThis area is fully carpeted and is where the GUNNAR F1computerised electric mount cutter is located. This isleased at £300.00 per month.There is also a light wood computer cabinet with redoperator's chair. General storage and frame display (onwall), along with a light wood cabinet housing small tomedium prints for sale.Ground - left hand bay areaTo the immediate left on entry there is a cloth coveredwork bench/frame display table fitted into the bay, withopen storage beneath. The cloth covered workbench/frame display table also continues behind you and isaffixed to the inner partition.The left hand wall directly adjacent to this area consists offrame section display area; customers are able to select aframe of their choosing.Ground - right hand bay areaThis area is predominantly filled with brushed wood andglass shelf display cabinets displaying a vast array of coldcast bronze figures and silver plate frames.There are also several print displays along with a "GlebeCottage" card display carousel.Ground main sales counter areaA dark wood purpose built glass fronted counter is locatedhere. On top of this is a sales catalogue and general tradingitems.1 x Olivetti branded electronic till1 x card payment terminalWinchester Framing Ltd, 2-3 Bridge St, Winchester, SO23 9BHHilton Smythe Commercial (UK) Ltd is a company registered in England and Wales, company number 7514489.The front is illuminated to show off many of the items thatthe vendor is able to produce.To the right of and to the rear of the ground floor section isa vast range of ready-made frames in varying shapes andsizes.First FloorWooden floor throughout this area.This area is the main workshop of the business andconsists of the following areas/equipment:-Adjacent to staircase - vertical frame stock rack, sectionedby supplier.Multiple ceiling mounted frame stock rack.CS 810 frame pinning machineMorso DK 8900 Randers Guillotine Chopper.Assets include:Valliani mount cutter with built in guillotine.2 x storage under work benches, equipped for storage ofmountboard.1 x air powered staple gun.1 x air gun, mainly used for cleaning frames beforeassembly.1 x Performance Power branded 14.4 v cordlessdrill/screwdriver with charger.Multiple storage areas and storage cabinets.Mount board storage cabinet1 x bench mounted swivelling tool box.Work to do and work completed storage areas.There is a 1ft x 2ft (approx) advertising board attached tothe bridge as you leave Winchester

Tenure
We are advised leasehold The original lease length is 10 years Reviewed every 5 years Rent is £9250 per annum.

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