Listing ID: 72546
This 7,500 square foot studio offers ceramics classes, memberships and private studio spaces. General use equipment includes 24 Shimpo pottery wheels, steel frame handbuilding tables, Airflow exhaust system and 2 spray booths. Production facilities include slip casting equipment, a large ram press, 2 gas kilns (fiber & brick), electric kilns, pug mill and more. An opportunity for ceramic artists and those interested in building on a growing creative community.
- Asking Price: $165,000
- Cash Flow: $50,442
- Gross Revenue: $215,348
- EBITDA: N/A
- FF&E: $80,000
- Inventory: $2,000
- Inventory Included: N/A
- Established: 2007
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:7,500
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
7500 Square foot space in excellent location
Owners will train for 30-60 days
The owners are ready to retire.
There are city, non-profit and higher education level ceramics offerings in the area. This business offers the best facility, class options, student access, location and service; directed to ages 16 through adult and to all levels of interest and experience.
This business has a lot of potential for an artistic buyer with an imagination and ideas that will improve sales and the bottom line.
The business was founded in 2007, making the business 15 years old.
The deal doesn't include inventory valued at $2,000*, which ins't included in the listing price.
The company has 1-3 employees and is situated in a building with approx. square footage of 7,500 sq ft.
The real estate is leased by the company for $5,500 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell businesses. However, the genuine reason vs the one they tell you may be 2 completely different things. As an example, they might claim "I have a lot of various responsibilities" or "I am retiring". For many sellers, these reasons stand. But, for some, these may just be excuses to try to conceal the reality of transforming demographics, increased competition, recent reduction in profits, or a variety of other factors. This is why it is very vital that you not depend totally on a seller's word, however instead, use the seller's solution together with your general due diligence. This will paint an extra practical image of the business's present circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Lots of operating businesses take out loans so as to cover things like stock, payroll, accounts payable, and so on. Remember that sometimes this can mean that profit margins are too small. Many companies come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future commitments to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that have to be satisfied or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location draw in brand-new customers? Most times, operating businesses have repeat clients, which form the core of their everyday revenues. Specific aspects such as new competition sprouting up around the location, road building, and personnel turnover can impact repeat customers and also adversely affect future profits. One vital thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Certainly, the more people that see the business often, the greater the opportunity to build a returning client base. A last thought is the basic location demographics. Is the business placed in a largely inhabited city, or is it located on the edge of town? Exactly how might the local mean household earnings effect future income potential?