BYOB Art Studio For Sale

Matthews, NC (Mecklenburg County)

Seller Financing Available
BYOB Art Studio For Sale

Asking Price:$90,000

Cash Flow:N/A

Gross Revenue:$76,250





BYOB Art Studio For Sale

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Business Description

Profitable BYOB Art Studio

This is a scalable and profitable BYOB Art Studio located in Historic Downtown Matthews, NC with tremendous growth potential. 5% revenue growth YOY with 2016 estimated to be greater than 10% YOY revenue growth.
The main street storefront has 1 year left on lease for 1,000sq/ft of space. Rent is $12.00 per sq/ft gross. Highly trafficked storefront especially during morning and evening commute. Experienced dedicated contract artist on staff. If new owner is an artist they could expect earnings to include up to 27% of expenses. (- Would not have to pay out the 27% to contract artists-). Also includes robust website with fully functioning scheduling calendar, blog, kids page, camp signup forms and an outstanding social media platform. The company also has a trademarked name and is poised for franchise opportunities. Loyal customer following. Cash flow is based on an owner artist purchase. Start up cost for similar franchise models include a $25,000 franchise fee, 6%-8% gross profit sharing and a $25,000 start up estimate with no existing customer base.
The current business plan also includes the ability to host summer and after school children camps and off site weekly events. All which have been very successful.

Attached Documents

Detailed Information

Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
1 storefront in Downtown Matthews NC. All assets include tables, chairs, easels, bar, wine glasses, receptionist and waiting area furniture, etc.
No competitors in the south Charlotte (Ballantyne area), Matthews market. Tremendous opportunity for 2nd and 3rd locations if desired
Growth & Expansion:
No cons to growth or expansion. This is an easily franchised model or can be expanded to additional locations.
Support & Training:
Negotiable upon request
Reason for Selling:
New baby on the way!

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Business Listed By:
melissa spencer

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