BizEx153-SG: Custom Art Framing Shop/Gallery Long Record of Profit-Westside

Background:

General Location:Brentwood, ca
Category:Retail
Manufacturing
Years in Business:25
Under Present Owner:5
Hours of Operation:9-5 m-sat
Owner Hours:10-4
Training:weeks, hours/week
Organization Type:S corp
Lease Expiration:4/30/2011
Lease Options:
Building Size:1150
Employees:2 FT; 0 PT

Reason for Sale:
One Partner Retiring

Financials

Asking Price:$385,000
Down Payment:Negotiable
Gross Sales:$389,069
Discretionary Cash Flow:$133,221
FF&E:$ 28000
Inventory Included?yes
Inventory:$5000
Minimum Operating Capital:$32,000
Real Estate Available?No
Real Estate Asking Price:$ 0
Rent:$7258/month
Payroll:$ 11790/month
Financing:SBA

Gross Sales
Gross Profit
Disc. Earnings

* YTD as of , ** = Prorated.

Broker Info


Stuart Gross
Business Broker
(310) 882-2200 ext 118
LIC# 01860825

Summary

This custom framing business for sale is a full service, high end framing business. The front end is a beautiful showroom and gallery and the back is a precision manufacturing operation where each piece is made by hand. The shop has been in business 30 years and in the current location for 8 years. It has been continuously profitable and has never had any debt. A reputation for excellent service, the right inventory and the ability to create framing even for archival and unusual items has contributed to their great reputation. The business is efficient and sophisticated in its operation. They have kept active in the community and participate in related activities that promote the business. They do only a very modest amount of marketing. The business is a relaxed and creative art world environment. The staff is excellent and wants to stay on if the new owner wishes. Partner is 65 and retiring. Owner will train. The shop is located in an exclusive west side area which is frequented by a well to do clientele. Pre-approved for SBA loan. Interested parties should register as a buyer online at www.BizEx.net and call Stuart Gross at 310-882-2200 EXT 118 for more details on this exciting opportunity.


More Details

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DISCLAIMER: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.