Northern Lights Gallery, 22 St Johns Street, Keswick, Cumbria, CA12 5AS
Northern Lights Gallery, 22 St Johns Street, Keswick, CA12 5AS
Business for Sale £125,000
Northern Lights Gallery is situated in St John’s Street, approximately 60 metres along from Market Place in the centre of Keswick. The location is a good trading location for a business of this nature and there are several complimentary businesses in close proximity.
Keswick is the principal tourist centre of the northern Lake District, attracting huge numbers of visitors throughout the year and benefits from 7 day trading for most of the year. Nearby retailers include specialist local shops – local produce, galleries and restaurants.
Northern Lights Gallery sells contemporary paintings, crafts and jewellery made in Britain by a number of gifted, talented and passionate individuals, many of whom live in Cumbria and the North. They are willing to stay loyal to the gallery. The gallery has an e-commerce site that shows some of the many and varied offerings of the business, which can be viewed at www.northernlightsgallery.co.uk.
We are offering the gallery business complete with all fixtures and fittings necessary to trade together with the stock and leasehold premises. There is an accompanying strong, established trading record.
The business model comprises artists providing work selected in conjunction with the proprietor of the business which are then offered for sale by the gallery on a ‘sale or return’ basis. In addition, there is some stock owned by the proprietor which will also be included in the transfer
Northern Lights Gallery has traded successfully for a number of years operating from the business premises at 22 St Johns Street referred to above. The gallery is run by 2 part-time gallery assistants. One part-time assistant manager and the owner manage it; however, the business could be run by an individual or, equally, a couple. Fixtures and fittings include all those display units, shelving, EPOS equipment as is currently at the property and can be observed by inspection. The gallery is normally closed on Wednesdays and Sundays, apart from school holidays when it is open every day. Opening times are 10.00/10.30 to 5.00/5.30. Only occasional exhibitions have been held and this is, therefore, an area of the business in which expansion could easily be achieved.
Three years accounts are available to interested parties, usually following a viewing. The turnover has increased steadily over the past 7 years and, for the last full year of trading, it was a little under £100,000 at £92,662 (it should be noted that turnover excludes payments made to artists for their works) with EBITDA of some £49,000. The average turnover over the last three years is approximately £90,000 with EBITDA of approximately £43,000. Current stock amounts to approximately £5,000, which is included in the offer price.
This is an easily operated, simple business model that has potential for expansion of turnover and profit.
Edwin Thompson are inviting offers in the region of £145,000 for the business and leasehold property.
- Highly profitable ready to walk-in business
- Just off Market Place in the centre of Keswick
- Complimentary businesses in close proximity