Listing ID: 76876
This business has been a valued member of the community for over 20 years, It continues to win local business awards year after year. They create the picture framing solution that is right for each customer. They do more than beautify your artwork, they also preserve memories and protect investments. Additionally, they have invested in technology that allows the client to see the finished product before they buy – taking the guess work out of the process.
In this day and age, you hear a lot about customer satisfaction, however, they really mean it. Clients enjoy peace of mind because if they take the work home and aren’t completely satisfied, they will redesign it for free with their industry-leading 30-day design guarantee as well as a lifetime craftsmanship guarantee.
All framing services are completed start to finish right at the store – ensuring the security and safety of every piece. They also accommodate immediate framing needs because they carry a large number of moldings and mats in stock. They don’t just build frames for pictures and paintings but also shadow boxes, all types of jerseys – really anything!
This business is located in an affluent and quickly growing area – so if you are looking for a business that has a lot of potential for growth – contact us today!
- Asking Price: $425,000
- Cash Flow: $173,323
- Gross Revenue: $623,147
- EBITDA: N/A
- FF&E: $115,365
- Inventory: $40,000
- Inventory Included: Yes
- Established: 2008
- 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
The company was founded in 2008, making the business 14 years old.
The deal does include inventory valued at $40,000, which is included in the listing price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell operating businesses. Nonetheless, the genuine reason vs the one they say to you might be 2 entirely different things. For instance, they may claim "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these might just be reasons to attempt to conceal the reality of changing demographics, increased competition, recent reduction in earnings, or a variety of various other factors. This is why it is really vital that you not count completely on a seller's word, but rather, utilize the seller's response along with your overall due diligence. This will repaint an extra reasonable picture of the business's present circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Numerous operating businesses take out loans in order to cover items such as supplies, payroll, accounts payable, and so on. Remember that occasionally this can mean that profit margins are too tight. Numerous businesses fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future obligations to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that should be fulfilled or might lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area draw in brand-new customers? Many times, businesses have repeat clients, which form the core of their everyday profits. Specific aspects such as brand-new competition growing up around the location, road building and construction, as well as staff turn over can influence repeat clients as well as negatively affect future earnings. One important point to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Obviously, the more individuals that see the business on a regular basis, the better the opportunity to construct a returning consumer base. A last thought is the general area demographics. Is the business situated in a largely populated city, or is it located on the outskirts of town? How might the local typical family earnings influence future income prospects?