* Included in Asking Price
Vintage Home Decor & Paint Studio- Beach town -San Clemente. Available again due to Buyer's Non-Performance. Beach Town Vintage Home Decor and Paint Studio. Great business model. A happy Eclectic Shop located in S. Orange County beach town. Creative Mix of Painted Furniture, Unique & Vintage Finds. Lots of Color, Inspiration, and Local & Handmade Goods. Furniture painting studio, proprietary brand and protected distributorship. Popular paint classes. Unique shop featured on 6 page spread in national home magazine.
Retail shop in Rare One-of-a-Kind shop space with Unique and Funky finds. Great retail location in S. Orange County beach city with huge foot traffic. Loaded with custom painted furniture, chandeliers, original paintings, home décor, and garden stuff. Eclectic. Paint studio in adjacent office space is where owner teaches weekly classes on custom furniture paint techniques. People love it.
Seller's Discretionary Earnings increasing: 2015 $62,761, 2016 $66,237, Ap. 2017 YTD $24,971 annualizes to $75,000.
F&E at Fair Market Value: $5,000 (Included in price)
Inventory at Cost: $20,000, included in price. (Adjusted at closing)
Total Annual Sales: $318,222 (Ap. 2017 YTD annualized)
Seller's Discretionary Earnings: $75,000 (Ap. 2017 YTD annualized)
Asking Price: $125,000
Great business model. Paint is half their sales. People come from all over to take classes and buy this unique paint and learn the paint techniques. Another smart business model aspect is owner has "vendors" who work 1 day a week for free, provide artistic product, and the shop takes a cut on their sales. Has one P/T independent contractor. Also have consignees and shop takes a % of their sales. Vendors and consignees can vary as owner desires.
Creative website & Blog highlighting classes, portfolio, custom work, and interesting commentary. Can also follow on Facebook, Instagram and Pinterest.
Showroom includes multiple rooms in this unique shop space, around 1500 SF, office/studio around 250 SF. Lease on shop until April 2019, and office/studio month to month. Shop $3,400/month and office $880/mo. Four parking places plus close public parking lot.
Requirements for Proprietary Paint distributorship include buyer taking classes on technique at Company US location, carry a minimum inventory, and shop have right "look" and specialize in interiors. Great support for Distributors. Proprietary website just for distributors to exchange ideas. Distributors Worldwide.
Owner sees herself more on the creative, artistic end rather than the business end, and would like to stay involved if buyer desired, maybe as a "Vendor" or some other arrangement. Not absolutely necessary. Selling because she wants to spend more time with her family.
Ideas to increase revenue: Owner says promote classes. Marketing. Have a mailer from collected emails. Owner thinks a more business oriented person could run it better and make smarter deals.
Disclaimer: The information above was furnished by the seller. Sunbelt Business Brokers of Orange Coast or its agents have not verified the information and makes no representations as to its accuracy or reliability.
For more information call Jeanette Bailey, Business Broker, CBI, at Sunbelt of Orange Coast at 714-619-9310 ext. 251. Email: email@example.com. Fax: 949-679-1408.
|Training/Support:||Seller will stay on and provide training for a period of time and terms to be discussed prior to offer. Seller also acknowledges non-compete agreement to be discussed.|
|Sale Reason:||Spend more time with family.|
Seller Reference #ORCSTCA001-N1957
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