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Shop for sale

Richmond Road, Twickenham, Middlesex, TW1

£199,995

Property Description

Commercial information

  • Business for sale

Key features

  • REF: 14292 J
  • LEASEHOLD
  • PICTURE FRAMING

Full description

Tenure: Leasehold

BUSINESS
Hilton Smythe are delighted to present to the market one of London's most renowned and well established independent framers Just Good Frames. This is a long-established business first opening its doors in the 1960's and taken over by our client in 1997. Now offered for sale due to our clients wish to retire.

Our client and his team offers a full framing service and offer a large selection of frames, mounts and glass to perfectly display artwork, sports memorabilia, photographs and specialist items, large unique pieces to restoration of antique and cherished frames.

A real turn key opportunity, the business is fortunate to have constant work from regulars and word of mouth. 70% of trade comes from domestic customers and 30% from commercial clients.

93% of the workload is framing services only and the remaining 7% from the sale of Artwork.


A specialist in football shirt framing for both commercial clients and individual customers.

Larger fine art pieces can be collected and frames restored.

The shop also offers a wide range of modern pictures and paintings to buy.

Members of the fine art trade guild.

A new website could help increase the awareness to new customers moving into the area.


LOCATION
Just Good Frames occupies a central trading position on Richmond Road, East Twickenham.

The business sits alongside many other independent retailers including bespoke kitchen designers, interior shops, clothing shops, coffee shops and restaurants. This is one of the most desirable trading streets in south west London. Just Good Frames is centrally positioned between affluent Richmond and Twickenham and borders both the Thames and Richmond park.

Our client's customer base includes London, Surrey and Middlesex.

The leafy affluent suburban area of south west London is approximately 10 miles southeast of central London and is famous as being the home of rugby union, its Victorian parks, Thameside bars and restaurants. As a result, house prices are near the top end for greater London and attracts a wealthy resident ideal for our client's tyre of business.

Nearest stations are St Margaret's main line station and Richmond tube and rail stations.

There is 1 hour metered parking directly outside the business as well as some limited free parking in the adjacent streets.

PREMISES
Shop area -
Framing displays to both sides, framed artwork and prints to the left, central customer consultation desk and storage. There are 4 x CCTV cameras (2 x front facing street and 2 x further internal), new alarm system and new fire alarm system.

Work room -
Central large work table with storage to both sides.

Paint shed -
Designated room for frames restoration and painting, includes fire safe paint store cupboard.

Staff toilet.

Staff kitchen area.

Back shed -
Used for sawing and building of bespoke frames.

Equipment included -
Gunnar xl mountcutter
Brevetti prisma ce mitre saw
Cassese cs1999mxl
Hot press hgp360 vacuum press
Morso f mitre cutter
Fletcher f3100 board and glass cutter
Ademco hot press
Fletcher f2100 48" mount cutter
Gielle f1000
Toggle press
Charnwood w791 dust extractor
2 x compressors
Omer 53.4 flexi point air stapler
4 x Omer 4097.16 air staplers
Omer 3G.16 air stapler
3 x ingersol rand air drivers
Fletcher multimaster
Fletcher framemaster
Inmes f1-150m flexi-point driver
2 x computers
2 x monitors
2 x printers
2 x palm sanders
2 x air brad guns
Assorted hand tools

TENURE
The business is being sold as a Leasehold opportunity.

Renewable lease, new lease to be agreed.
Original 15 year lease.

Rent 20,600 per annum.

HOURS
Monday to Friday: 9.30am - 5.30pm
Saturday: 9.30am - 5pm
Sunday: Closed

STAFF
The business is owner ran (3 days a week), with help from 4 full time picture framers and 1 part time member of staff.

FINANCIAL PROFILE
2017 accounts show a turnover of circa 340,000, with a gross profit of 74%.



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