I’m selling my established art & custom framing business in beautiful Tarpon Springs, FL. The price is based on the assets and inventory, with my goodwill being a bonus. It could easily be relocated anywhere in the country since it includes everything you would need to open a store. I purchased the biz just a little over a year ago from a framer who was retiring. At the time, he was doing the framing out of his home, with his framed art and custom framing business being at the local, very large permanent flea market, where it has enjoyed a permanent presence for over 5 years. It sells about $70K per year in two days there. I moved the equipment into an 1800 square foot store in a very low visibility shopping center with no target stores, which was a mistake, since there is now two overheads and only one real selling point (little walk in at the store front). Personally, if I were not selling, I would relocate the framing into a nearly warehouse and enjoy about $35K in profit just from the flea market, or to a busier shopping center which would increase the sales substantially, but I would encourage relocating the framing facility regardless.
I was asking $50K for everything but have dropped my price to $40K. Its only been for sale for 1 month and I’ve only advertised it twice so far. Equipment includes a Wizard 5000 mat cutter, air compressor, cold vacuum press, wall mounted glass and mat cutter, table top mat cutter, miter saw, small filet guillotine, underpinner, router, large work table, fit-up table, 100’s of mats, 1000’s of feet of moulding, nice gallery walls that can be removed if you relocate, gallery lighting, enough hardware to last you a lifetime, and roughly $50K in framed and unframed artwork and prints. There’s actually a lot more stuff that will go with the business, but the price is basically based upon the items listed above. If you choose to stay local, the permanent store at the flea market has an excellent, loyal customer base. The storefront customers are primarily commercial and would stay with you if you relocated the framing facility into a warehouse or your home to turn the overhead at the store into profit for yourself. I’m saying they would stay with you, but obviously that depends upon your ability to keep the customers satisfied.
I have done very little advertising and a person with some marketing savvy would do very well here. I’m selling the business because while I am quite good at what I do and my customers base is loyal and growing just on word of mouth, I have too many other family and personal obligations that are making it very difficult for me to run this full time. However, if a buyer were to stay local, I would consider working for them, and would offer a training period to help ensure your success. I care very much about my customers and would want them to be able to rely upon the new owner the way they have relied on me, so my support would be to their as well as your benefit.
Please email me at di_moncher@yahoo.com if you have any questions, or post them on this board.
Thank you,
Cheryl
I was asking $50K for everything but have dropped my price to $40K. Its only been for sale for 1 month and I’ve only advertised it twice so far. Equipment includes a Wizard 5000 mat cutter, air compressor, cold vacuum press, wall mounted glass and mat cutter, table top mat cutter, miter saw, small filet guillotine, underpinner, router, large work table, fit-up table, 100’s of mats, 1000’s of feet of moulding, nice gallery walls that can be removed if you relocate, gallery lighting, enough hardware to last you a lifetime, and roughly $50K in framed and unframed artwork and prints. There’s actually a lot more stuff that will go with the business, but the price is basically based upon the items listed above. If you choose to stay local, the permanent store at the flea market has an excellent, loyal customer base. The storefront customers are primarily commercial and would stay with you if you relocated the framing facility into a warehouse or your home to turn the overhead at the store into profit for yourself. I’m saying they would stay with you, but obviously that depends upon your ability to keep the customers satisfied.
I have done very little advertising and a person with some marketing savvy would do very well here. I’m selling the business because while I am quite good at what I do and my customers base is loyal and growing just on word of mouth, I have too many other family and personal obligations that are making it very difficult for me to run this full time. However, if a buyer were to stay local, I would consider working for them, and would offer a training period to help ensure your success. I care very much about my customers and would want them to be able to rely upon the new owner the way they have relied on me, so my support would be to their as well as your benefit.
Please email me at di_moncher@yahoo.com if you have any questions, or post them on this board.
Thank you,
Cheryl