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Popular Art Studio In Grantown-on-spey For Sale

Grantown on Spey, Highland
Asking Price:
£20,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

• Popular ceramic painting studio for all ages set in an ideal trading location on the high street in the busy town of Grantown-on-Spey.

• Perfect self-employment opportunity with unique easy-to-operate business model, currently trading on a restricted basis.

• Potential to expand operations to include, pottery, artistry and various other arts and crafts activities, along with retail sales.

• Attractive leasehold premises having been refurbished and improved considerably during the current owners’ tenure.

• Spacious trading areas extending to 65m2 with kiln room, utility area, wc facilities and attractive display areas.

Property Information

Property:

Leasehold

Lease Terms:

The Lease is granted by a private landlord and is a five year lease which is due to expire in October 2020. The Landlord is happy to provide a new five to ten year lease and documentation will be offered to this effect. Rent stands at £7200 per annum. Full details will be made available to interested parties.

Location:

Grantown-on-Spey has a variety of facilities for residents and visitors and sits at the confluence of three major tourism “trails” dedicated to golf, castles and distilleries, and activity play areas such as Landmark and Craggan Outdoors. The town has a strong residential element and healthy tourist trade many of whom frequent the award winning caravan site. With its own excellent 18-hole golf course, Grantown-on-Spey is also near to the famous Boat of Garten Golf Course. The area is renowned for its salmon fishing along the River Spey and the town has a long tradition associated with the sport. In addition, the Cairngorm Mountains offer a range of mountain sports from trekking in the summer to skiing in the height of winter. The fact that the area (Badenoch and Strathspey population is c13,500) caters to an affluent population plus a strong tourism industry means that Smarty Art has a guaranteed and seasonal customer base for the business. The ever popular tourist honeypot of Aviemore is only 15 miles away and this also provides a steady stream of customers and repeat visitors to the business. The town centre has a host of shops and facilities. There is primary and secondary education within the town plus there is a wide range of social and welfare facilities.

Premises Details:

DESCRIPTION
Smarty Art is a most unique and attractive business, which operates as a craft studio, with the majority of income being derived from ceramic art painting. The business operates year round with a full 7 days operation during the summer season and school holidays, and weekend only opening for the rest of the year. Customers are welcome to drop in without booking and there is a regular clientele who frequent the business as well as the many holiday makers etc who visit the area. Occasionally evening workshops for groups, hen parties or one off events have taken place but this is not an activity the current owner has encouraged, preferring to open day time hours only. This is certainly an area that can be developed further should new owners desire.

Customers have a choice of ceramics to paint with prices starting from £8 up to £30, with any extras or special effects being charged separately. Tea and coffee is also available for purchase as well as a range of cold drinks and sweets. Kits can be purchased and taken home to paint or given as gifts. Gift vouchers and loyalty cards are also available. Postage is charged if items are sent on rather than collected.

The business is well laid out with tables and chairs to comfortably seat 24 customers. The current owners have invested in the business and have installed an attractive utility area, tea and coffee area, energy efficient lighting and have also improved the storage and toilet areas. Previously a kiln was located in the rear drying room and the isolation switch is still in place. Included in the sale the kiln (currently in the owner’s garage) could easily be installed again within the building.

This fully equipped business is presented in truly walk-in condition and new owners will have no major capital expenditure to commence trading. The current owners are prepared to offer guidance and advice to new proprietors to assist with a smooth transition. The selling price includes all in-house equipment, the kiln, plus full fixtures and fittings as per inventory which will be provided.

THE LEASEHOLD PROPERTY
A modern and well-presented building, the business operation is laid out over the ground floor only with entry at street-level into an open plan trading area. To the rear there is a kiln room, storage area and toilet facilities

TRADE
Now in its third year of operation with the current owners, Smarty Art achieved a turnover of £35,000, from a restricted trading pattern due to ill health. Profitability after paying all expenses including rent stood at £14,000 for year ending March 2018. There is significant expansion potential.

SERVICES
Smarty Art benefits from mains electricity, water and drainage.

Business Operation

Reasons for selling:

The current owners purchased Smarty Art in October 2015 and spent the next couple of years improving the business and investing in the internal aspects. Unfortunately the health of the main operating owner became an issue and service had to be restricted eventually resulting in the premature sale of Smarty Art today.

Other Information

Related Documents:

Contact Information

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