Business for sale in Playa Blanca

REDUCED FROM 50,000 TO 35,000 EUROS. A unique business offering the islands largest selection of Prints and Original Art, showing work by more than 20 local artists. There is also a separate framing workshop that also offers a complete service for clients own material and minor repairs/alterations to existing frames. The business located in a busy commercial centre some 70 metres from the resorts largest beach, is in easy walking distance of several major hotels. It consists of a 36m²local with an 18m²dedicated terrace for display of artwork and prints. Located below is a fully equipped and stocked workshop of 38m². The current owners, trading since 2002 will provide full training on the framing and all supplier introductions if required, as they are retiring locally. Currently the business only trades from 10am 5pm on 5 days (Tuesday Saturday). By extending to the more normal 10am 8pm for 6 days a week the hours would increase from 35pw to 60pw an increase of 71%. Additionally the owners are looking to establish working partnerships with complimentary businesses in the other major resorts to generate and increase framing work, with a collect and return service being provided and commission paid to the partners. The 2007 turnover was Euros 60,000 with a gross margin of 60%. It is anticipated that the extension to trading hours could add some Euros 15,000 per annum and the successful business partnerships in Puerto del Carmen and Costa Teguise a further Euros 18,000 per annum. . Finally the business would benefit considerably from having its own website to promote and sell original artwork. Overall this successful and well established business offers immediate trading with major defined growth opportunities.

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