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Gallery Of Picture Frames And Art With Sports

Location  Illinois,United States
Asking Price Range  < $250K
Gross Revenues  $162000
Net Profit / Cash Flow  $85000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1996
Number of Employees  1 - 3
Relocatable  Yes
Number of Employees  1 - 3
Real Estate  Leased
Training  Yes from the owner a very experienced picture framer.
Reason for Sale  Want to relocate to Atlanta area to be closer to family.
Description  This is a well established solid business that offers Customers Custom Picture Framing Variety of Artwork c in the highy affluent neighborhood of Park Ridge bordering Northwest Chicagio and Niles. Offer Clients thousands of Choices and a large selection and inventory of Chicago Sports Memorabilia and Oil Paintings. We have been a destination for thousands in and all around Chicago and Wisconsin. $30,000 in Inventory and cash flow of $160,000 a year with the owner taking $60,000 as a salary. All equiptment and client list is included. 2 weeks training and goodwill from owner and many great and saavy ideas and ways to make money that other frame stores havent figured out. We would as a family like to relocate back south for family reasons and despite our passion for the store and our loyal customers whom we adore we need to be closer to family. Rent is $1,300 a month for the $1,000 square foot store with parking and free heat . a parking pass and basement storage space. The store has 12 foot ceilings and has a divided space for gallery and work space. Located right next to a Starbucks and a Halmark store and adjacent to a Movie Theater that brings walk in traffic throughout the year. We are asking that the new owner(s) have some retail experience or Art related picture Frame background. Our asking price is $35,000 and we can finance some of this amount over a negotiated period of time if needed. We have been a mainstay in Park Ridge and check out our website at parkridgeframersalley.com or on facebook as well framers alley
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