• Welcome! You will have to REGISTER a free account, before you can access the system. If you already registered, please LOG IN. (top right)
    If you can't remember your password, CLICK HERE to reset it. If you have questions, feel free to click the CONTACT US link at the bottom of this page.
LifeSaver Cloud from LifeSaver Software, Inc.

BUSINESS FOR SALE

J

JFEIG

Guest
I never thought it would happen, But it did.
We got slammed by a commercial job (over $30,000) and is has placed us out of business. Part of it is that We have lost our will to fight. I have contacted 3-4 leagal brains and the concessus is that we did nothing wrong as framers. The client designed the project and supplied the art. The problem is that the photographs (art)were printed on stryene with a UV coating. They wanted a 3-d dffect. The raisers gave way using 3M's 969. The tape was fine, the art acted like release paper and gave way.

To make a long story short. $275,000 worth of inventory, equipment and the business for $150,000.
The building is also for sale (separate)

------------------
Jerome Feig CPF ISA
Field Art Studio
Pleasant Ridge, MI
248-399-1320
248-399-7018 fax
 

Dermot

SGF, Supreme Grumble Framer
Joined
Apr 11, 2001
Messages
2,931
Jerry
I'm sorry you were unable to resolve the issue with the $30,000 job.

Good luck with the sale of the business, I can say without fear of contradiction or doubt that whoever buy’s the business will have an opportunity second to none to grow from.

Dermot
 
J

JFEIG

Guest
I had my #1 cloent come in last night. She informed me that next years model home schedule is up to 22 models from the original 19 she informed me about 60 days ago. Each model will be about $3,500(ea) income.

I told her the story. She was astonished! She could not speak for a while. We have our companies have worked together for 30 years. After selecting the art for 2 models and best wishes she left with a "pit in her stomach" as she put it.

As a sidebar to this. The straw that broke our back is the end client of the advertising agency that took us for a ride.

------------------
Jerome Feig CPF ISA
Field Art Studio
Pleasant Ridge, MI
248-399-1320
248-399-7018 fax
 
Vermont Hardwoods solid wood picture frame molding
Top