Superb position fronting main A259 road close to Eastbourne station
long established business
Well presented and ready for continued trading
Description:
The premises are located on the A259 road, one of the main routeways to Eastbourne town, close to the roundabout junction and close to the mainline train station. The recently improved and enlarged Beacon shopping centre entrance is close by. The premises are arranged as retail area to the front with workshops and stores to the rear, basement and private car parking as follows:
Retail area – internal width 6.5m (21′ 3″) x 4.7m (15′ 6″) – 30.6 sq m (329 sq ft) plus window display 0.6m (2′) x 3.4m (11′) 2.0 sq m (22 sq ft) overall 32.6 sq m (351 sq ft) fitted with wood laminate flooring, ceiling spot lights plus display shelving. Opening to:
Workshop area – 4.1m (13′ 6″) x 6.0m (19′ 9″) 24.6 sq m (267 sq ft) fitted with shelving and strip lights. It is possible, subject to obtaining any necessary consents, to incorporate this area into the front retail section to create a larger trading area. 2 steps at rear to:
Stores 4.2m (13′ 9″) x 6′ 6″) – 8.4 sq m (89 sq ft) window to rear, fitted with shelving and having hatch to workshop area, opening to:
Further workshop 4.2m (13′ 9″) x 3.8m (12′ 6″) – 16.0 sq m (172 sq ft) window to rear, door to outside, understairs store cupboard, door to:
Cloakroom fitted with low level wc and wash hand basin
We are advised there is a basement area suitable for storage and also housing a boiler suppling central heating via radiators.
Total overall usable area 81.6 sq m (879 sq ft)
There is private car parking to the rear of the premises.
Business
The business is incorporated as a Limited Company and trades as a picture framing shop having been operated by the current owner for over 20 years and been established for 40 years. The owner, who works limited hours, is looking to retire from the business. There are good stock levels of mounts, framing materials etc. for continued trading with the following equipment to be included in the sale:
Morso wood cutter
Cassese CS
299 Under pinner
Hot Press HGP 260 vacuum press
Keen Cut 70 x 50cm oval/circle mount cutter
2 x Omer pneumatic air guns operated by 1 x Ibambi silent compressor
Keen Cut Ultimat Gold mount cutter 120 x 100cm
Fletcher glass cutter 152 x 120cm
The business trades 6 days per week also including Sundays on the run up to Christmas with the following staff:
2 full time working 40 hours per week and who have been with the business for over 20 years
1 part time working 18 hours per week for over 15 years
1 part time working 16 hours per week employed this year
Accounts are available showing turnover for the past financial year to March 2024 in excess of £230,000 with good gross and net profits. Audited accounts will be made available to seriously interested parties in a confidential manner. A premium of £70,000 is required for the lease business and goodwill to include an agreed list of fixtures and fittings with stock at valuation on sale.
A new lease will be made available on normal proportionally full repairing and insuring basis at a commencement rent of £25,000pa, length to be agreed.
Under no circumstances should any staff be approached in the shop as they are unaware of an impending sale. Appointments to view will therefore need to be carried out outside of normal trading hours or when the owner is working without staff.
Further information about the business, trading hours etc. can be found at their website: www.eastbourneframingcentre.co.uk
Based on the postcode, Ofcom indicate that the fastest available broadband speed is:
Download1000Mb/s
Upload1000Mb/s
Note: This information is given as a guide only and without liability. Speeds are not guaranteed. The provision of a Broadband connection is not included in any property unless specifically stated. Applicants should verify available speeds with their chosen supplier.
