Listing ID: 76464
An excellent opportunity to be your own boss of this growing profitable business of 26 years in one of the“Best Places To Live” (Money Magazine). As a solid fixture of the community and the industry, you’re all set to assume a turnkey operation in an atmosphere of beauty and creativity that provides outstanding custom picture framing, art, jewelry and gift sales, and artist studio space. The success of the business is built on providing an exceptional customer experience, elegant design, master craftsmanship and unique offerings. The real estate could be purchased from the landlord.
Experiencing steady year-over-year growth in volume of customers, expansion of sales and breadth of offerings, the current business practices and proven manufacturing processes and procedures are in place and can be readily adopted. The owner will provide training to ensure a smooth transition. For sale due to travel and retirement.
Inquire for more details and learn how you can buy a business for as little as 10% down on qualified SBA listings or how to use creative financing options to get a deal done! At Transworld Business Advisors, we are the most active business brokerage in the country – listing and selling the most businesses in the state. Get added to our buyer list today to receive notifications as businesses with your criteria hit the market
- Asking Price: $399,000
- Cash Flow: $138,674
- Gross Revenue: $424,994
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: 1995
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Free-standing building with 2,800 sqft of space.
Yes, 6 weeks.
Travel and Retirement.
The business was started in 1995, making the business 27 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals decide to sell operating businesses. Nevertheless, the real reason vs the one they say to you might be 2 totally different things. As an example, they may state "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these may simply be reasons to attempt to conceal the reality of changing demographics, increased competitors, current reduction in incomes, or an array of other reasons. This is why it is very vital that you not count completely on a seller's word, but instead, use the vendor's response along with your overall due diligence. This will repaint a more sensible image of the business's current situation.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many businesses take out loans with the purpose of covering points like supplies, payroll, accounts payable, so on and so forth. Remember that occasionally this can mean that revenue margins are too tight. Lots of organisations fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that must be met or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location draw in new consumers? Often times, operating businesses have repeat consumers, which develop the core of their everyday revenues. Specific variables such as brand-new competitors growing up around the area, road building and construction, and also personnel turnover can impact repeat consumers and negatively impact future revenues. One crucial thing to take into consideration is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business on a regular basis, the higher the chance to build a returning client base. A final thought is the basic area demographics. Is the business located in a densely populated city, or is it located on the outside border of town? Just how might the neighborhood median home income influence future income potential?