Jupiter Paint and Sip Art Studio for Sale - Established Customer Base

Jupiter, FL (Palm Beach County)

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Asking Price: $110,000

Cash Flow: $45,000

Gross Revenue: $203,165

EBITDA: $45,000

FF&E: $15,000

Inventory: $1,250

Rent: $4,242 /Month

Established: 2015

Jupiter Paint and Sip Art Studio for Sale - Established Customer Base

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Business Description

Paint and Sip Art Studios for Sale - Established Customer Base

This social art studio offers a great opportunity to own a fun, social and creative business while still having a support system in place. The studio offers group classes for friends open to the public as well as kids camps and private events for kids parties, bachelorette events, and corporate events. Two locations are available for purchase, individually or separately, Jupiter and West Palm Beach, these studios have an established customer base and are involved in philanthropy and projects with the local schools and colleges. No art experience is necessary as the studio currently has highly experienced artists in place as instructors. However, an owner/operator that does have art experience could substantially increase the profit margins while having fun.

These locations are not a franchise, however a license from corporate is the current structure for both. Royalties are 6%. However I am willing to sell the fixtures and lease if that is preferred. The benefit continuing the license agreement is support from corporate, website maintenance, website and office platform for managing your businesses, online advertising as well as graphic design for the studios, existing client database of over 15000 customers and over 4000 pieces of licensed artwork to replicate with confidence.

The Jupiter location was established in July 2015. The plaza is undergoing a freshen up that should be done within a few months and is bringing many high traffic storefronts to the location. This is a great time to lock in the long term lease on what will be an amazing location on Indiantown Road. This studio has one party room and can hold up to 60 painters. Asking price of this studio is $110000 with a owner operator able to make about $45000 per year for teaching/managing the location.

The 2 locations are being sold together for $380,000 or separately at the asking prices listed. I will be happy to meet and provide access to locations and financial information. Numbers provided are based on an owner operator without staff managers.

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Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,850
Lease Expiration:
9/30/2020
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Jupiter location is 1850 sq feet and consists of a main studio, a party room, 2 bathrooms, storage area and bar area. All fixtures are included within the sale including computers, tv monitors, itouch and microphones, tables, chairs, and existing inventory on hand.
Competition:
While there are other sip and paint studios within Palm Beach County, our two studios boasts 5 star customer service ratings on all of the major sites and has an established customer base of over 15000 people that allows the new owner to quickly begin marketing with brand recognition. We are also the largest dominate Paint and Sip in central and north Palm Beach County.
Growth & Expansion:
The new owner can expand the class offerings to include crafts and workshops as well as daytime classes. An owner operator will substantially increase the profits for this business. A wine and beer bar was opened in the studio about 4 months ago and is already turning a profit!
Financing:
SBA Financing Available on this business
Support & Training:
The current owner will provide 1 month/cycle of training to make sure the new owner knows how to handle all aspects of the business and to assist in setting up inventory accounts etc.
Reason for Selling:
Life Change
Franchise:
This business is an established franchise
Business Website:
http://www.Uptownart.com
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Business Listed By:
Nicole Evasius

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