MergerPlace

Profitable Custom Frame Shop

Virginia


  • Asking Price: $129,000
  • Gross Income: $138,972
  • Cash Flow: $72,951
  • Real Estate: Not Disclosed
  • Inventory: $12,000
  • FF&E: $8,020
  • Listing ID: #206806
  • Established: 1982
  • Employees: 2 FT

Business Description

When you're in need of a custom-made frame that fits your artwork precisely, count on this conveniently located framery shop in the crossroads of bustling Hampton Roads, Virginia. With a legacy of more than 30 years of experience, the expert framers have the skills and materials needed to frame virtually any piece of art you have at a reasonable price. From shadowboxes and basic frames to custom matting and dry mounting, this team is able to provide a stunning frame to highlight any piece of art. Whether you're an individual in need of a custom frame for a piece of fine art or a commercial location in need of several framed photographs, they can handle all of your framing needs.


Business Details

Primary Business Category: Services - Other Services
Location: Virginia

Company Information

Year Established: 1982
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 FT

Financial Information

Asking Price: $129,000
Gross Revenue: $138,972
Cash Flow: $72,951
FF&E: $8,020
Inventory: $12,000
Seller Financing Available: No

Property Information

Facilities:

This operation is located in a fully subscribed, high traffic strip shopping center that is on a major traffic artery. This location provides access to a wide diversity of customers- students, commercial, residential, military, tourists, etc. The 960 square foot workspace provides plenty of room for customer greeting, frame display and back room operations. The business has two years remaining on the present lease with an option to renew. Rent is an attractive $1,895/month plus utilities.

Growth & expansion opportunities:

Geographic expansion and additional targeted marketing efforts to key consumer groups -- students, commercial business, etc. -- represent key growth options.

Competition:

There are 2 other local framing competitors. This business has been operating for 36 years running and in this specific location for 7 years.

Reason for selling:

Owner is focused on other business pursuits.

Support & Training:

Will train for 4 weeks @ no cost. Custom framing materials and the expertise to assemble, mat and frame art pieces. All business and commercial licenses are up to date and in effect.

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Business Listed By:

Hal Feder

Murphy Business Brokers