Business For Sale Listing 151679
Hand Painted Portraits “one-Of-A-Kind” Patent Pend
Status as of Nov-22-2008 at 06:00 PM: Active
Business Summary
Since starting operations just four years ago this niche business has become the largest producer of high quality, custom hand-painted portraits, at affordable prices worldwide. Historically the domain of hand–painted portraits was limited to the wealthy. The company's proprietary manufacturing technology has enabled this breakthrough capability to create custom hand painted art of extraordinary quality from everyday photos, for a fraction of the typical cost. The products enjoy broad appeal to families nationally and internationally. The company's patent pending manufacturing system combines digital and traditional technologies that produce "painterly-quality" portraits. The unique manufacturing process is very efficient and generates high gross profit margins with low consumer prices. Ninety percent of the companies' digital production is outsourced to India with some manual production functions now underway in Mexico. The company separates itself from artists painting high priced portraits that require numerous time consuming "sittings" by combining extremely reasonable prices, a high quality product, convenience and prompt delivery. Portraits are sold at more than 400 independent retail locations throughout forty five states. The portraits are also featured on The Home Shopping Network, The Shopping Channel in Canada and various catalogues. The company is planning to launch its own infomercial in 2009 as well as additional direct mail and web based sales programs. The business occupies 7,000 square feet of production/warehouse space with an additional leased 3,500 square feet of executive offices. The company employs forty. Non-union. This One-of –a-Kind company has three patent pending applications for its unique process and expects to derive significant value from this technology. Many "Trade Secret" innovations have also been developed and are used in the manufacturing process. These technologies create a formidable barrier to would be competitors.
Categories
Industry
Location
Financials
| Sales: |
Between $2.5 Million And $5 Million ($2,750,000) |
| Profits: |
Between $500 Thousand and $1 Million ($675,000) |
| Profit Type: |
Earnings Before Interest, Taxes & Depreciation (EBITDA) |
| Asking Price: |
Not Disclosed |
