MergerPlace

Paint & Entertainment Studios for Sale

Texas (Harris)


  • Asking Price: $1,295,000
  • Gross Income: $1,985,201
  • Cash Flow: $239,152
  • Real Estate: Not Disclosed
  • Inventory: $14,000
  • FF&E: $91,175
  • Listing ID: #212407
  • Established: 2014
  • Employees: 3 FT / 25 PT

Business Description

This multi-unit group of paint studios, covering the most established and desirable Harris county neighborhood and retail markets, provides the opportunity for friends, family, coworkers, charitable and community groups to gather for fun painting together while listening to music, snacking and sipping on their favorite drinks. The artists guide the groups with step-by-step instructions to ensure the customers have fun and are entertained, while providing a casual and comfortable atmosphere not found in other scenes.


Business Details

Primary Business Category: Services - Other Services
Location: Texas
County: Harris

Company Information

Year Established: 2014
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 3 FT / 25 PT

Financial Information

Asking Price: $1,295,000
Gross Revenue: $1,985,201
Cash Flow: $239,152
FF&E: $91,175
Inventory: $14,000
Seller Financing Available: Yes

Property Information

Facilities:

There are multiple locations operating from strip center locations across the Greater Houston area. Location sizes range from 1,500-2,000 square feet with a base rent rate ranging from $2,500 - $4,850 per month. Each of the locations has all of the supplies and space necessary to support the painting classes and events. See the Confidential Information Memorandum for detailed lease specifics.

Growth & expansion opportunities:

There are multiple avenues for growth for this business. In addition to increased marketing to the existing target customer, growth can also be achieved by expanding focus on programs for children, seniors, corporate groups, charitable groups and other affinity groups. Growth could also be achieved through new promotions and mobile class opportunities.

Competition:

The 'paint n sip' industry continues to grow due to strong demand and there are multiple competitors in the field. But this business belongs to one of the oldest and most established franchise brands in the industry and retains the rights to a large portion of the greater Houston area, making it a great way for someone to enter the industry with momentum and support already in place.

Reason for selling:

Seller wishes to pursue another business opportunity.

Support & Training:

Will train for 4 weeks @ no cost No special products or skills are required to operate this business, though a dedication to providing a fun and casual environment to customers will ensure success. Licenses for music services are required depending on the entertainment to be provided and while the franchise concept is a "bring your own beverage" concept, the business currently carries a TABC license for several of the locations in order to serve beer and wine.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Michael Holloman

Murphy Business Brokers