Hilton Smythe is delighted to welcome to the market this popular antique, homeware and art gallery business, which is ideally located within the town of Ledbury, Herefordshire.
The business has been an art gallery since the 1970s and has been in our client's careful ownership since 2015. Only now is the business being offered to the market, due to our client's desire for a well-deserved retirement. The business currently operates 5 days per week and generates a turnover in the region of £70,000 per annum, with a gross profit of approximately 60%.
Our client offers a wide variety of antiques, homewares and art from local, national and contemporary artists with a wide range of styles including paintings, ceramics, craft and sculptures, as well as an eclectic mix of art, furniture and collectables. The property boasts 121 sq. metres of floor space, are very well maintained and fitted out to suit the trade. The retail areas operate over two floors, with the third floor being used for storage purposes.
Our client has built up an enviable reputation within the area 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 of the business, perhaps by offering Monday trading, as the business is currently closed on this day. A new owner could embark on a modest marketing campaign to highlight the goods and services offered. The business already has a website in place to promote the business at www.healeyartandhome.com.
This is an excellent opportunity for a new owner to take this already busy business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.
TENUREWe are advised leasehold:
Original lease length: 6 years
Remaining lease length: 3½ years, as of April 2017
Rent: £16,000 per annum
HOURSThe business is open:
Tuesday: 10.00am - 4.00pm
Wednesday - Saturday: 9.00am - 6.00pm
STAFFThe business is owner run and managed with 1 x part time staff member.
FINANCIAL PROFILEThe business generates a turnover in the region of £70,000 per annum, with a gross profit of approximately 60%.
Healey Art & Home occupies substantial three storey Georgian listed premises, which is ideally located within the quaint town of Ledbury in Herefordshire. The business is situated on the busy Homend and is surrounded by a wealth of complimentary shops and businesses, therefore, benefiting from a very high volume of footfall and passing trade. The business further benefits from on street parking facilities to the front of the premises.
Ledbury is a market town, which lies east of Hereford and west of the Malvern Hills. The town boasts a significant number of timber-framed buildings, including Market House, which was built in 1617 and is located within the town centre. According to the 2011 census, the town had a residential population of 9,290. Ledbury is home to quaint little shops and boutiques on cobbled stone lanes, as well as excellent restaurants.
The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Ledbury railway station is just a 5-minute walk away. The area is also well served by the A-roads, with the A449, A417 and A438 all being within easy driving distance, which link to the national A-road and motorway networks. Hereford is approximately 14½ miles away and Gloucester is 18 miles away.
Substantial three storey, Georgian listed town house, in a prime trading location, briefly comprising:
First and second floor retail areas.
Many original features.
Artwork to walls.
Antique and collectable displays throughout.
Rear annexe room with French doors.
Third floor Dorma room, currently used for storage.
Rear yard with display area.