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Art Framing And Interior Design Shop For Sale

New York
Asking Price:
$720,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,200,000 (USD)
Cash Flow:
$360,000 (USD)

After 30 years in business, the owner of this Well-Established Art Framing & Interior Design Shop in Chelsea is ready to retire, but not before imparting his valuable know-how, customer accounts, and vendor relationships to you. Customer accounts include a multitude of architects and designers, as well as loyal retail customers, who keep getting minted day after day from neighborhood walk-ins and steady sidewalk foot traffic. The shop offers museum- quality framing for fine art, mirrors in all shapes and sizes, shelving, table tops, custom-made glass shower and steam doors, and much much more. You now have an opportunity to acquire a real gem at only 2 times the owner's discretionary cash flow. $75,000 of raw and finished inventory and another $75,000 in equipment are included in the asking price. Skilled employees, which include a master framer, internet marketer, and delivery man/installer, will stay on. The seller will discuss the unusual, but very favorable lease situation with you when you meet with him in person. Please do not speak with the employees or customers, as they do not know the business is for sale. Then, kindly contact the listing broker Jay Goldman to make an appointment to meet with the seller and get a tour of the facilities.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business

Property information

Real Estate:

Lease

Business Operation

Reasons for selling:

After 30 years in business, the seller is ready to retire.

Employees:
3

Other Information

Support & training:

Yes

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

500,000.00 Down & The Seller will finance $220,000.00 over 24 months at 6%

Furniture / Fixtures value:
$75,000 (USD) - included in the asking price
Inventory / Stock value:
$75,000 (USD) - included in the asking price

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