Business For Sale Listing 109951
Gallery & Custom Framing
Status as of Dec-4-2008 at 06:08 PM: Active
Business Summary
DESCRIPTION: This well organized and successful gallery and custom framing shop is located in the heart of Mid-Coast Maine. The business has a broad client base and twenty-six year track record of outstanding sales growth. Its excellent reputation combined with the attractiveness and growth of the region presents outstanding growth potential for a new owner. The business serves residential, commercial, and institutional clients. About 85% of sales are from framing customer-owned art. The balance is in photo frames, framed prints and consignment artwork. This is a unique opportunity to blend creative skills and fine art in a rewarding business with excellent investment potential.
MARKET: The company serves an exceptionally beautiful, well-educated and arts loving area of Maine. These communities have families with higher disposable incomes, who own more than one residence, and appreciate fine objects. The few local competitors do not have as dominant a location or as long a track record as this business. The business is located in a growing area. Even though it is dominant in its market, there is still plenty of room for growth. Its superior reputation for honest, high quality work creates a unique opportunity for market share increases in its core business. An Internet presence and expanded hours of operation during peak holiday and summer tourist seasons could greatly increase sales. The current location of the business has enough work space to accommodate a large increase in sales.
FACILITIES: The business occupies approximately 1,400 square feet of prime retail space. The attractive front room includes a show room and display area. The work area is an efficient well-lighted area that is the envy of other framers.
PRICE OF BUSINESS: $225,000
DOWN PAYMENT: $225,000
INVENTORY PURCHASE: $15,000
WORKING CAPITAL NEEDED: 25,000
Categories
Industry
Location
Financials
| Sales: |
Between $100 Thousand And $500 Thousand ($300,000) |
| Profits: |
Between $100 Thousand and $500 Thousand ($115,000) |
| Profit Type: |
Seller's Discretionary Cash Flow (SDCF) |
| Fiscal Year: |
Pro-forma |
| Asking Price: |
Between $100 Thousand and $500 Thousand ($225,000) |
