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Profitable Picture Frame Shop. Price Reduced! Owner Ready to Deal!

Suffolk County, NY

Seller Financing Available

Asking Price: $180,000

Gross Income: $172,000

Cash Flow: $97,000

EBITDA: N/A

FF&E: $136,395

Inventory: $10,000

Real Estate: N/A

Established: 1974

Employees: 2

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Business Description

This firm was established in June of 1974, when the husband and wife team opened at the present location. Since then, they have built a valued reputation as a quality business, becoming the preferred custom picture framer for the community.

Ownership takes pride in their work and is pleased that local universities, hospitals, businesses and well known artists have been loyal customers. Over the years their framing activities have expanded to specialty framing such as conservation framing, preservation, shadowboxing, and all areas of art from watercolor to a child's preschool finger painting.

Customers are encouraged to bring them any item that they would like to showcase in their home or business for professional service. Ownership takes pride in every job and makes sure that every customer s expectations are met, and satisfaction is guaranteed.

The store has framed a wide variety of famous pieces varying from Impressionistic art, Samari swords, Civil War memorabilia, remains from the Berlin Wall, Eagle Scout awards, medals from Olympic athletes, Academy Awards, September 11th Memorial pieces, and many other priceless heirlooms.

Detailed Information

Inventory:
Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The store is located in a shopping center, with ample parking. The store area is approximately 800 square feet, with a full basement. The street level space serves as the retail store, with beautiful displays of finished products and an array of framing supplies for the customer to choose for custom frames. The downstairs level provides adequate space for a work area to manufacture frames and for storage. The landlord has indicated that he will provide a new ten (10) year lease with similar provisions as the present lease;
Competition:
Business is unique in local market.
Growth & Expansion:
While ownership believes that more aggressive marketing would provide additional sales and profits, they have reached retirement age and no longer motivated to grow the business. It is felt that the business needs new ownership to pursue greater opportunities
Financing:
Seller will consider financing to qualified buyer.
Support & Training:
Seller will remian for sufficient period to transition ownership to buyer.
Reason for Selling:
Seller has some health issues and reached retirement age.

Listing Status for Premium Members

Ad#: 722403

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Angelo A. Ferrara

Business Listed By:
Angelo A. Ferrara

Rapt Enterprises Inc.

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.