Profitable and Established Sip and Paint Art Studio

Wake County, NC (Relocatable)

Profitable and Established Sip and Paint Art Studio
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Asking Price: $60,000

Cash Flow: N/A

Gross Revenue: $110,000

EBITDA: N/A

FF&E: $20,000

Inventory: $24,000

Rent: $3,114.16 /Month

Established: 2014

Profitable and Established Sip and Paint Art Studio

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Business Description

Be Your Own Boss Make your Own Hours

Sale of this art studio is due to owner relocation. This is an ESTABLISHED and PROFITABLE sip and paint business in the heart of RTP (Apex, Cary, Raleigh, Durham) area, NC. Sip and Paint is a newer yet established concept of socializing in a creative way. Sip combines art within a social, fun environment. Anyone can paint and produce a painting that can be hung on their walls! This art studio brings creativity to the common public in a fun and laid back environment. It is a BYOB studio, that is, clients may bring their own beverages and food including wine and beer. The studio offers regularly scheduled classes and books private parties, corporate team building events and kids birthdays.
In the past 5 years, this studio has become a brand that is recognized in RTP area. If you love art and have a flare for business, it would be a fun and easy business to run with comprehensive 2-4 week training provided onsite.
This business is located in a neighborhood full of families, children and businesses. This business has a lot of potential for day time activities. It is a profitable business and has lot of untapped potential for an owner willing to open the studio during daytime during weekdays. Currently the studio is only providing on demand and evening activities.
The current owner has only tapped into a quarter of the potential that this type of business offers due to being involved in other businesses. The new owner would have the opportunity to make use of the full potential this business has to offer which would include offsite events, kids camps, kids classes, travel parties, day time activities and DIY activities. An extensive and up to one month training will be provided to the new owner. License to use designs will be provided.
Inventory offered with the asking price includes $18000 worth of painting displays, easels, brushes, paints, starter canvases, tables, stools etc. in a fully running and established business.

Detailed Information

Location:
Wake County, NC
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,600
Lease Expiration:
6/30/2020
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The studio is very large and can hold big parties and classes. Assets included are art tables, stools, easels, paints, brushes, Floor Easels, Reference paintings (around 800) and studio displays.
Competition:
The art studio is located in the heart of thriving businesses and residential neighborhoods where our clientele comes from. There are similar businesses in the area that provide healthy competition to the business as in any other business.
Growth & Expansion:
There is 75% more growth potential for this business as currently the owner does not tap into Offsite events, DIY, and day time retail opportunity as well as day time classes, summer camps etc.
Financing:
Buyer should have funds available for 6 months lease rent in escrow
Support & Training:
Comprehensive training on every aspect of running this business will be provided; training on steps to painting, Human Resources, day to day running of the business including updating calendar, knowledge of seasonal demands to increase business, database of clients, updating paintings library and license to use current art work.
Reason for Selling:
Owner relocating
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Business Listed By:
RK

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