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Asking Price$720,000
Revenue$1,200,000 EstablishedUndisclosed
Cash Flow$360,000 Employees2 full, 1 part
FF&E$75,000 FranchiseNo
Inventory$75,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
After 30 years in business, the owner of this well-established and very profitable Custom Art Framing and Interior Design store in Prime Manhattan is ready to retire, but not before he imparts 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 generally heavy 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 more. You now have an opportunity to acquire a real gem at only 2 times the owner's discretionary cash flow of $360,000. $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 upgrade to premium membership to obtain the name and address. Be very discreet when visiting the location, as the employees and customer do not know it's for sale. Then, kindly contact the listing broker Jay Goldman to make an appontment to meet with the seller and get a tour of the facilities. Please call 1-877-735-5224 for further information.
Training/Support:Seller is willing to train new owner.
Seller Financing:500,000.00 Down & The Seller will finance $220,000.00 over 24 months at 6%
Sale Reason:After 30 years in business, the seller is ready to retire.
Ad #76530
Seller Reference #27517
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Jay Goldman
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