Art & Framing Assets 4 Sale in FL

summer

Grumbler
Joined
Jul 21, 2005
Posts
22
Loc
Tampa, FL
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
 
" It sells about $70K per year in two days there."
May I ask what you mean by this?
Thank you,
Julia
 
The flea market is open Fri-Sun only. I only go out there on Fri for about a half hour to drop off the framing jobs, but on Sat & Sun alone I bring in about $70K per year in those two days, 8:00 am to 4:00 pm. Its a very busy flea market. 2/3's of the space, which is roughly 900 sq ft is framed art for sale, and 1/3 space is my moulding and mat samples, and my fitting table.
 
I have not advertised this business locally since posting this, but it is still available if anyone is interested. I will be contacting a business broker who will probably bump the price up significantly.

-Cheryl
 
Just bumping this up. Due to personal issue I will consider any reasonable offers, and will even physically assist in the relocation/setup if you choose to relocate. The following is a list of inventory, but does not include many items that will go with the business:

1.Fully paid off lease on Computerized mat cutter (transferable with $250 paid to company, no future lease payments, only corner charges)
2.Fletcher 2100 mat cutter with squaring arm and stops
3.Fletcher Wall Mount cutter
4. Frame Square Vacuum Cold Press
5.Miter saw with 2 blades
6.Underpinner
7.7 print bins, full of prints in print sleeves
8.Fletcher frame point gun
9. credit card processors (owned)
10.White slat walls, removable, currently covering about 600 sq ft room
11.Gallery lighting with 26 lamps
12.Several hundred mat boards
13.2 tape dispensers
14.About 2500 ft of moulding
15.Assorted hand tools
16.Fletcher Attach EZ gun
17.Neilsen corner samples with 6 ft. spin tower
18.36" T-Square cutting bar
19.3 Desks with chairs (OK condition, not great)
20.3 computers
21.Beautiful marble customer service table (large, can accommodate large pieces of work)
22.Beautiful Display case that matches customer service table
23.5 drawer metal blue print cabinet for prints
24.Approx 200 beautifully framed prints and other artwork, many signed & numbered by well known artists. Retail prices range from $49 (I have very few small pictures at this price, but there are some), to $499 each. Majority of items have retail prices of $169 to $189 ea (lower end of retail for high quality items, could be easily marked up in a better location).
25.Phone/fax machine
26.Two regular wall phones
27.Hundreds of prints
28.Hundreds of cello bags of various sizes
29.Lieberman’s art explorer program
30.Router with inserts
31.Enough hardware to last you nearly a lifetime (well, almost a lifetime)
32.Paper chopper
33.One large custom made framing table with storage space under it
34.One custom made fit-up table with storage space under it
35.Custom made wooden mat storage bin, with 16 compartments for full size mats, ideal for color coordinating, as well as separate custom made bins for large fallout.
36.Custom made bins with 17 slots for storage and protection of customer art.
37.A very large amount of custom made wooden wall mounts for storage of full size moulding sticks, perfect for coordinating styles, profiles, etc.

Again, I’m certain there are many, many items that I have not listed. These assets and inventory can be relocated anywhere for a nearly immediate opening of an art and custom framing store (do you know how long it would take you to frame 200 pictures for a grand opening?), or the current business with its loyal customer base can be taken over locally. Personal obligations are forcing sale, explaining the low price. $40K takes all. Must be sold as a package deal, as business is still in operation and all equipment is needed to fullfill customer orders until business is closed or assumed by new owner.
-Cheryl
cl34689@yahoo.com
 
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