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Exceptional Arts Gallery - Norfolk for Sale

Swaffham, Norfolk

Leasehold : £ 89,995

This sought after art gallery business is situated on the market square in Swaffham, a traditional market town on one of the main routes through to the scenic North Norfolk coast, where there are many properties used as second homes and holiday lets. The town is situated 12 miles east of King's Lynn, 31 miles west of Norwich, and is only 25 minutes away from the well known village of Burnham Market. There are local shops, schools, banks, a library, a doctors surgery and regular bus services, a variety of sporting and leisure facilities, together with many tourist attractions such as the Wash National Nature reserve which is approximately 25 miles away and about 8km north of Swaffham there is the ruins of the formerly important Castle Acre Priory and Castle Acre Castle, as well as the National Trust Oxburgh Hall, which attract in excess of 75000 visitors to the area. Today the town is known for the presence of two large Enercon E-66 wind turbines, and the associated Green Britain Centre displays focus on green energy (including solar and wind power), transportation options without oil, and organic gardening. Swaffham is accessed via the A47 and the A1065.

EXCEPTIONAL ARTS GALLERY - NORFOLK
Situated in the rural market town of Swaffham
Scope for further development
Ideal partnership opportunity
Monopoly trade within area
Genuine retirement sale
Walk in condition
LEASEHOLD

Business History
Meridian Business Sales are delighted to offer for sale this beautiful art gallery which was established by our client in 2014. Our clients are reluctantly offering the business to the market due to a desire to take a well deserved retirement. Since the business was established they have invested time and money into the business and premises meaning that it is in full walk in condition. The owner operator business has been run with 2 full time staff at a pace that suits our client's lifestyle, meaning that there is massive scope for new hands on owner operator to further develop the business. Our clients inform us that annual turnover currently runs at £62,000 with a gross profit of £27,000 which is derived from providing a bright and airy exhibition area enabling talented artisans to display their works which include paintings, prints, photography, mosaics, sculptures, and wood carvings together with other artistic creations. Artists are able to hire a wall space to exhibit their work, on a monthly basis, with the added benefit of no hanging, administration or commission fees. There is an upstairs room which would accommodate 8 people which is ideal for craft groups and workshops. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. There is scope expand the business as necessary which may increase income. This is a superb opportunity to purchase an exceptional highly reputed business, and as such early viewing is highly recommended to appreciate the décor and ambience. This superb business is not to be missed.


Trading Hours: Monday: 9:00am - 5:00pm
Tuesday: 9:00am - 5:00pm
Wednesday: 9:00am - 5:00pm
Thursday: 9:00am - 5:00pm
Friday: 9:00am - 5:00pm
Saturday: 9:30am - 5:00pm

 
Accommodation: Secure entrance leading to: Gallery with led cool lighting throughout.

Feature brick fireplace with club leather chairs

Ornate walled areas fitted in sections to display wall art
4 x medium glass display cabinets with doors, lit with LED lights and lockable doors
2 x large glass display cabinet with door, lit with LED lights and double lockable doors
6 x floor plinths
1 x 2 tier plinth
Display window
Open alcove area lit with LED lights
Kitchenette with hot and cold running water and a new gas condensing A+ Rated boiler

Stairs to

FIRST FLOOR - Studio/Office
Studio with tables or tables and chairs
Sink with hot and cold running water
WC with a hand sink and shelving for storage


EXTERNAL
Communal parking opposite premises
Off road parking
Wheelchair access to Gallery themed lounge


 
Tenure: We are advised leasehold
Original length: 6 years
Remaining: 3 years


Financial Profile
Turnover: £62,000
Profit: £27,000



 
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