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Custom Framing & Photo Shop - Best of Boston

Cambridge, Massachusetts (Middlesex County)

Retail - Home Furniture & Furnishings | Services - Other Miscellaneous services

Asking Price $100,000 Inventory $10,000* 
Gross Income $350,000 Real Estate  
Cash Flow $70,000 Year Established 1993
FF&E $50,000* Employees 4

* included in the asking price

** not included in the asking price

Flexibility as to Price

Named Best of Boston by Boston Magazine in 2008, this long-established custom framing and photo printing/developing store is in need of some new blood and leadership. A good base of individual and corporate and university customers has been built up over the years. Store would be ideal for an owner or owners who would like to work on the production side of things as well as the administrative. Current owner simply does the book-keeping and marketing work. Employees are trustworthy and experienced, but could be replaced by new owners so as to save salary. The business offers something new every day. Adapting the place to the new economy has been a challenge at times, but a new owner could take it to a new level.

Facilities: 1300 square foot storefront on main thoroughfare with great foot traffic and within walking distance of two major universities. Lease runs through end of August 2010 but no doubt would be an easy renegotiation/extension in this economy.

Competition: Store is in a great location, and does a lot of business with local colleges and businesses. Tight economy has actually weeded out many competitors. Especially on the photo printing side (particularly from film), we are getting to be the only game in town other than CVS.

Growth/Expansion: I think the store would be perfect for someone who has interest in doing production work themselves, which would save salary. Lots of room for growth with an owner who is dedicated to the business and will put effort into growing it.

Support/Training: Departing owner will train purchaser. Current employees that do the production work would stay on if so desired and can also train.

Reason Selling: Current owner is returning to corporate life.

AD # 467339

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