Profitable Franchise Paint and Sip Studio/Bar for Sale

Brooklyn, NY (Kings County)

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Asking Price: $150,000

Cash Flow: $85,000

Gross Revenue: $450,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $11,000 /Month

Established: N/A

Profitable Franchise Paint and Sip Studio/Bar for Sale

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Business Description

An Established Business with multiple income streams, center based and mobile

Key Business Highlights:

Annually over 12,000 painting clients participate in various programs

A proven franchise with successful business model has locations across the US and Canada

Turn-key business established over 4 years

Fast growing market for painting classes for children, adults, schools and corporate clients

A great 1,850 sq. ft. retail location in an affluent area with huge potential

Asking price below start-up cost

Full Liquor License

With seating of up to sixty four, guests create their masterpiece while being led by an experienced, professional artist who guides them through the painting process step by step.  Guests have the option to purchase an alcoholic or non-alcoholic beverage from a beautiful and well stocked in-studio full bar while listening to music from a surround sound entertainment system.

This location is a vendor for the Dept. Of Education and has many schools, after school programs and camps from the five boroughs return to them year after year while picking up new schools each year.  They also have a standing agreement with Ft. Hamilton Army Base to paint on the base once per month for the troops but it is also open to the public.
In addition, the sale of this location comes with a mobile licensing agreement allowing for off-site events within a 100 mile radius of the studio.  Off-site events are not limited to schools but also corporate team building, community events, festivals and galas, fundraisers, other businesses and even back yard BBQ’s.

The studio location is quite large for this area of Brooklyn surrounded by brownstones and many eateries which makes this a destination in Brooklyn for people who want to go out for the day or evening. There are five years left on the lease with a below market rent for the area. The current owner will help facilitate a longer term lease with the landlord for the new buyer of the business.

Included in the franchise sale are mobile and center location licenses,  all contents of the studio including art supplies, easels, aprons etc., as well as a custom bar and reception desk, all computers/printers, POS System, 160 bottle wine cooler, a soda refrigerator, an open air refrigerator, two back of bar refrigerators, a commercial dishwasher and ice maker, 5 TV’s (three of which are hooked into to a high definition camera which shows a live feed to the artist canvas and a four camera security system.

The new buyer only pays additional for the franchise license transfer and training fee as well as low mileage mobile van below wholesale cost of only $25,000. Also, the buyer will need to pay for the liquor license transfer under his or her name.
The business is priced to sell fast as the owners are looking to retire. The asking price is below the start-up cost of the franchise location in terms of buildout and time required to be profitable. In addition to the franchise training, the current owners will provide hands-on training to operate the business successfully.

This is a unique opportunity to be your own boss in a fun and exciting business that caters to a broad market of consumers and corporate clients.

Call now Dave Nagar 917-929-6194 at CEO Business Brokers, Inc. for available appointments to see the business operations.

Detailed Information

Location:
Brooklyn, NY
Real Estate:
Leased
Building SF:
1,850
Lease Expiration:
N/A
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(from currently available funds)
 
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Dave Nagar

Business Listed By:
Dave Nagar

CEO Business Brokers Inc.

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