MergerPlace

Successful Art/Entertainment Studio

South Dakota


  • Asking Price: $99,500
  • Gross Income: $288,909
  • Cash Flow: $25,033
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $60,000
  • Listing ID: #202679
  • Established: 2013
  • Employees: 13 PT

Business Description

Business is a License based art & entertainment model, catering to adults, children and groups. Local artists inspire and instruct customers step-by-step on creating their art masterpiece. Because this business is a licensee and not a franchise, they do not pay monthly/yearly franchise royalties. Customers can choose to attend classes in the studio, participating restaurants, corporate tabletops, or host events in their home. Included in this transaction is a fun, growing turn key opportunity in Sioux Falls and license rights for Kansas City, which a buyer can choose to develop or re-sell.


Business Details

Primary Business Category: Amusements, Entertainment, Other
Location: South Dakota

Company Information

Year Established: 2013
Home Based: No
Franchise: Yes
Relocatable: Yes
Number of Employees: 13 PT

Financial Information

Asking Price: $99,500
Gross Revenue: $288,909
Cash Flow: $25,033
FF&E: $60,000
Seller Financing Available: No

Property Information

Facilities:

Business currently leases space in a high traffic, well located strip mall in Sioux Falls. With a little over a year remaining on the initial lease, new owner can choose to renew the current location or relocate the studio elsewhere.

Growth & expansion opportunities:

Excellent potential for growth in both Sioux Falls and Kansas City markets via a fun and entertaining business model and effective local marketing.

Competition:

A couple of direct competitor exists, but this business leverages their well-know name and business model to lead the market and continue to grow their sizeable customer base.

Reason for selling:

Seller looking to spend more time with growing family.

Support & Training:

Will train for 3 weeks @ no cost. Outside of the typical State and Federal licenses, no special licenses or skills are needed to operate the business.

Contact Business Seller

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Business Listed By:

Rey Gonzales

Murphy Business Brokers