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40 Year Old Art Framing Shop

Seminole County, FL
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Asking Price:$145,000
Gross Revenue:$228,396
Rent:$2,500/Month
Real Estate:$495,000
Cash Flow:$86,847
Inventory:$12,500
FF&E:$7,500
Established Year:1984
Listing ID: 2261305Listing provided by BizBuySell
BUSINESS DESCRIPTION

Turn-Key!! Art Framing Shop Located In An Upscale Area Of The County!

40 PLUS year designer and maker of custom wood and metal picture frames, with 25 years under current ownership. Located in an upscale area of the county, this shop has an excellent reputation and consistent revenues without advertising, direct sales or marketing. They have an extensive selection of custom framing materials and moldings from which to choose. Business comes with a large customer list. No experience necessary, owner will train! Solid books and records and a real money maker!! All framing equipment in place. Reputable company with focus on customer satisfaction & quality craftsmanship. Grow this business by adding more corporate accounts and interior designers. Can also add award plaques & trophies, as they already provide engraving. This business offers a significant opportunity for a hands-on, ambitious, creative individual. Seller owns the real estate, and will provide a new lease with first right of refusal to purchase the property, which was built in 2006. Great business for a couple, or two family members. SDE includes allowance of $31,200 to replace the second owner. Call today!

Please refer to listing number 2301869851 and advisor Paul Ihrig (407-718-6178) when inquiring about this listing.

DETAILED INFORMATION
Location
Seminole County, FL
Inventory
Included in asking price
Real Estate
Owned
Building SF
1,671
Lease Expiration
31/12/2024
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Owner - Strip Center Facilities: The condominium unit contains 1,671 s.f., all under air. The unit is split with the front half as a show room, and the back as production space. The space is being offered at $2,500/mo. plus real estate taxes and condo fees, estimated at $550/mo. combined. Exterior upkeep, repairs and maintenance are coverer by the association. The buyer will be given a new lease with first right of refusal to purchase the property. Monthly Rent: $2,500 Terms Options: Very Negotiable
Competition
The seller really has no direct competitors in their market. Big box stores like Hobby Lobby and Michael’s offer framing services, but the selections are limited and the quality of the materials is inferior.
Growth & Expansion
The sellers have had very consistent business over the years and have made a comfortable living. As such, they have not pushed to grow the business. There are several ways a buyer could grow the business, primarily by pursuing more corporate accounts and interior designers. These customers provide steady recurring revenue. A buyer could also add awards, plaques and trophies. The company already does some engraving, so this may be an easy way to cross-sell to their existing customer base. Finally, the company website could be optimized for online searches
Financing
Owner Financing Amount: $17,500 // Owner Financing Interest: 10% // Owner Financing T
Support & Training
2-week training at no cost
Reason for Selling
Retirement
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