|Retail Framing, Awards and Art Shop |
Listing DetailsOffice ID: FRAME1
Listing Broker: Jeff Snell, M&AMI, CBI, ABI
Listing Price: $159,000
Cash Flow: $20,034
Inventory Included: Yes
FF&E Included: Yes
Real Estate Included: No
Sales Structure: Asset Sale
Seller Financing: No
Financing/Terms:Seller will consider an appropriate component of Seller financing.
Reason for Sale:Seller is interested in pursuing other activities outside the area.
Training:Seller will provide adequate training as negotiated by buyer.
OperationsYear Established: 1995
Last Acquired: 2004
Form of Ownership: S Corp
Employees (full-time): 1
Business Hours: Monday - Friday 10AM - 6PM, Saturday 10AM - 4PM, Closed on Sunday
Business Description:This business provides custom picture framing and awards engraving. The business operations include mounting, matting, framing artwork utilizing on-site production equipment. Framing of memorabila into shadowboxes, needle art and canvas stretching, dry mounting services are also completed on-site. Engraving production includes engraving plates to include in art and shadowbox framing, trophies, corporate plaques and acrylic awards.
Historical Summary:This business was established in 1995 and was purchased by the current owners in 2004.
Owner Qualifications:Owner must posess basic business operational and customer service skills. Prior frame shop experience a plus, but not required.
Competition:According to the popular website www.yelp.com there are three other businesses in the greater Cary area providing similar services. Clientele in retail is typically defined by proximity (people tend to shop near where they work and live) and by loyalty (driven by customer service, value and product quality).
Potential Growth:There is the potential to add new products, increase online paid and organic search engine marketing, add online commerce and expand hours. However, the greatest opportunity is for the owner to be an active full-time operator.
LocationSquare Footage: 1975
Located in an upscale, high-traffic shopping center on a major thoroughfare. This business is located in the heart of the "Triangle Region" of North Carolina which is consistently rated one of the "Top 10" in multiple categories including Places to Live, Places to Start a Business and Places to Raise a Family.
Last Updated: Oct 8, 2015 / 11:28 AM
Financial Information Current as of: Mar 14, 2011 / 12:00 AM