Fabulous, Established Art Studio & Services Business - $150k Cash Flow

Austin, TX (Travis County)

Fabulous, Established Art Studio & Services Business - $150k Cash Flow

Asking Price:$365,000

Cash Flow:$150,978

Gross Revenue:$767,216

EBITDA:N/A

FF&E:N/A

Inventory:$55,000

Rate/Sq. Ft.:N/A

Established:1985

Fabulous, Established Art Studio & Services Business - $150k Cash Flow

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Business Description

This is the chance to own a fabulous art gallery and services business in the heard of Austin's Historic District. The business has enjoyed over 30 years of success and offers an art gallery with wall art, sculpture and art objects. Niche products include art glass, antique frames and mirrors, glass paintings, alabaster sculptures and antique prints, bookends and figurines.

The business services are the majority of overall sales. These services include picture framing, over-size art framing, all types of restoration including art, frame, paper, canvas, object and photos.

As Austin grows, the economy has thrived and so has this business. The result has been a boon to this business and for many years to come.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
5,000
Lease Expiration:
N/A
Employees:
9
Facilities:
The business is located in Austin's Downtown Historic District. The store is currently in a 5 year lease with a 5 year option. The current lease ends September 2017.
Competition:
The business has an excellent retail location with plenty of parking on one of the major arteries connecting the most desirable neighborhoods and businesses in the city, They have impressive street appeal with a captivating storefront and signage. They have an excellent reputation in the community as well as high ratings on Yelp for first class customer service with the goal being happy customers who not only return but tell their friends. They have numerous loyal, return customers who have been with them since the beginning. Pricing is geared toward the high-end customer who can afford and appreciates high quality. They have the added advantage of having many suppliers and manufacturers currently giving deep wholesale discounts due to longstanding relationships and high volume orders.
Growth & Expansion:
The business has been part of the Austin community for several decades and enjoys a great reputation. There are not any competitors that exhibit the breadth of offerings that this business has. This is the chance for an owner to exhibit products and services that may enhance the business.
Support & Training:
Yes, negotiable.
Reason for Selling:
Retirement

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Derik Polay

Business Listed By:
Derik Polay

CGK Business Sales

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Sponsoring Broker:
Greg Knox

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