Profitable & Established Creative Art Studio, 100% Absentee Owner

Phoenix, AZ
Asking Price:$499,999
Gross Revenue:$616,000
Rent:$12,400/Month
FF&E:$100,000
Cash Flow:$80,000
Inventory:$15,000
EBITDA:$109,000
Established Year:2022
BUSINESS DESCRIPTION

One of a kind creative art studio in the heart of Phoenix

100% absentee owner. Great growth opportunity for local owner targeting large group events and corporate parties. Strong social media presence and digital marketing. Discover the perfect space to inspire your creativity! This versatile art studio, located in a vibrant and artistic neighborhood, is now available for sale. Bright and Open Layout: Flooded with natural light, the studio features large windows and high ceilings that create an airy and inviting workspace. Customizable Space: The open floor plan allows for various configurations to suit your unique needs. Ample Storage: Dedicated storage areas for tools, supplies, and artwork, keeping your space organized and functional. Prime Location: Situated in a bustling area with a strong artistic community, this studio offers excellent visibility and access to light rail. Inspiring Ambiance: Thoughtfully designed with new rage paint concept as well as traditional spin art, bicycle spin art and splatter studios. Management and staff in place with well documented systems and processes. The new owner will be walking into cashflow from day 1 with opportunity to grow and scale or maintain with minimal involvement. Be the proud owner of this fun and exciting artistic environment.


DETAILED INFORMATION
Location
Phoenix, AZ
Inventory
Included in asking price
Real Estate
Leased
Building SF
4,975
Lease Expiration
01/05/2029
Employees
7
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
5 unique and creative art experiences for customers to choose from. Studio was recently expanded and we invested nearly $100k into build out.
Competition
Below average competition. Most paint and sips are not as interactive or have the ambiance we have.
Growth & Expansion
Opportunity to grow corporate and large party sales.
Financing
NO FINANCING
Support & Training
90 days of support and transitional period.
Reason for Selling
Pursuing other ventures.

BUSINESS LOCATION
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Angelo Pena
Angelo Pena