Hilton Smythe is delighted to welcome to the market this well established and popular arts and crafts business, which is ideally located within Cockermouth, Cumbria.
The business was established by our client in 2009 and is only now being offered to the market due to our client's desire for an early retirement. The business currently operates 6 days per week and generates a turnover in the region of £86,000 per annum, with a gross profit of approximately 44%.
Our client offers a wide variety of art and craft materials including, paints (oils, acrylics and watercolours), mount boards, paper, card, brushes, easels, cases and adhesives, to name a few. Our client also offers a picture framing service. The property boasts over 50 sq. metres of floor space, is very well maintained and fitted out to suit the trade.
The business has built up an excellent reputation within the area and further afield, for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by extending the opening hours, perhaps by offering Sunday trading. A new owner could also embark on a modest marketing campaign to highlight the excellent goods and services offered.
This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already thriving business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.
TENUREWe are advised Leasehold:
Original lease length: 5 years
Remaining lease length: 3 years
Rent: £9,600 per annum
HOURSThe business is open:
Monday - Saturday: 9.00am - 5.00pm
STAFFThe business is owner run and managed with 2 x part time staff members.
FINANCIAL PROFILEThe business generates a turnover in the region of £86,000 per annum, with a gross profit of approximately 44%.
Cockermouth Art & Craft occupies substantial ground floor premises, ideally located within the town of Cockermouth in Cumbria. The business is set on the busy Main Street and is surrounded by a wealth of complimentary shops, businesses and schools, therefore, benefiting from a very high volume of footfall and passing trade. The business further benefits from good car parking facilities within the area.
Cockermouth is an ancient market town in the Borough of Allerdale in Cumbria. According to the 2011 census, the town had a residential population of 8,761. The town is located just outside the Lake District National Park, on its northwest fringe. The regenerated market place is now a central historical focus within the town and reflects events during its 800-year history. Cockermouth also benefits from a significant number of visitors, due to its designation as a 'gem' town and being the birthplace of William Wordsworth.
The area of the business is served by the public transport system, with bus stops within easy walking distance of the property. The nearest railway station is Maryport, which is approximately 5 miles away. The area is also well served by the A-roads, with both the A595 and A66 being within easy driving distance, which link to the national A-road and motorway networks, with M6 junction 40 approximately 30 miles away via the A66. Workington is approximately 8 miles away, Keswick is 16 miles away and Carlisle is 26 miles away.
Substantial ground floor premises in an ideal trading location, briefly comprising:
Main sales and display area with:
2 x large display windows.
Racking and shelving to perimeter walls.
Greeting card display units.
Wall display hangers.
Serve over counter with electronic cash register and credit/debit card terminal.
To the rear:
Store room with small kitchen area.
Rear communal yard.