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Wholesale Custom Framed Art To Design Trade Business For Sale
Location North Carolina,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $567000
Net Profit / Cash Flow $283000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1997
Number of Employees 1 - 3
Inventory $850,000
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training Owner will stay for a reasonable transition, business is owner operated and staff will need to be found afterwards.
Reason for Sale Retirement.
Description This profitable business is a ''to the trade'' source for custom framed art directed at providing both product and service to interior designers, architects, property managers and corporate America. They have worked over the past 13 years in building their selection of both art and frames to be able to provide both products and services for their clients that can't be matched by others!
This company's definition for ''turn key'' is that they design, build, deliver and install their products. They provide a level of service above any other and they stick with a project until it is completed to satisfaction. All assembly is done on site by their experienced staff. They also practice conservation framing procedures on all original art. What this business offers is a full range of art including prints, limited editions, originals on paper and canvas, oil paintings and photography. They have thousands of subjects and media choices, innumerable mat and frame design choices and custom service to meet the customer's design needs, along with some very unique mats and frames. They also offer mirrors, accessories and custom framing. The primary market is regional but work has been done in Boston, NY, NJ, OH, VA, SC, and FL.
All equipment and inventory are included in asking price of $1.78 million
There are two business condos joined on both levels, in a business condominium development available for negotiation. The 3,728 sq ft property is available for inclusion, valued at over $600k. The buildings are of new construction (2002) and are a loft style. The inside walls of the showroom go to a height of approximately 20 feet. There is one office, a framing room that consists of joined loft areas of the two units on the upper level making it into two rooms with approximately 945 SF. Also, there is a storage area with approximately 216 SF.
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