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High Profit Picture Framing / Great Lease For Sale
Location New York,United States
Asking Price Range $250K - $500K
Gross Revenues $600000
Net Profit / Cash Flow $270970
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1989
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Reason for Sale Owner is retiring.
Description Two Opportunities Available. 1: Highly Profitable Custom and Contract Picture Framing business for sale. 2: Long Term Lease for sale in the heart of one of the most affluent North Shore towns in Suffolk County. Corner Lot w/parking, 15 Year Lease with no increases for the next 15 years. 3,500 sq. ft. with full 3,500 sq. ft. basement. You can sub let the space as well. If you want to buy the business, you are looking at a business that has been established for 20 years with a very large and loyal clientele, both private and corporate. They handle wholesale and retail sales with 3 full time employees that would be willing to stay. In addition to picture framing, they offer stock and photo frames, mirrors, lithos, posters, prints, original art, restorations, and much more. Cost of Goods is very low and hours of business are very reasonable for retail (M-F 9:30am-6pm, Sat. 9:30am-5pm, Sun. - Closed) In the past 12 months, the business has Gross sales of approx. $600,000 with a Net Income of approx. $270,970. The business is selling for less than a 2x's multiple, including over $100K in current inventory. This is an excellent business that would be perfect for an owner/operator. Please, serious and financially qualified buyers only. Be prepared to show proof of funds. The price is negotiable, but the seller will not hold a note.
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