Bellevue Picture Frame Shop & Gallery For Sale

Business description

This business has been in the same location for over 26 years. The business is located in an excellent high traffic area of Loehmann's Plaza. The business specializes in picture framing, frames, art, furniture accessories, and gifts. There is no direct competition in the area. The business does both retail and wholesale business - the wholesale side could easily be increased. The business needs more internet presence; the current owner's do not even have a web site. The new owner could add interior decoration designer services. The business could sponsor art and gift shows and put on classes to teach the public how to frame and appreciate art. The Seller is very motivated and has priced this business at the value of the equipment only with no "Blue Sky". This is not a Franchise.

Property information

Location:

This business has been in the same location for over 26 years. The business is located in an excellent high traffic area of Loehmann's Plaza.

Premises details:

This business has been in the same location for over 26 years. The business is located in an excellent high traffic area of Loehmann's Plaza. 2659 sq ft with retail floor area, framing room, and large office upstairs. Base rent is $6,738 plus NNN charges of $1,384 per month. Lease runs till 3/31/2013 with an option to extend.

Size in square feet:

2,659

Other information

Expansion potential:

The business needs more internet presence; the current owner's do not even have a web site. The new owner could add interior decoration designer services. The business could sponsor art and gift shows and put on classes to teach the public how to frame and appreciate art. With a new owner operator and more energy this business will boom

Competition / Market:

There is no direct competition in the area. This is the only picture framing business that offers furniture accessories and gifts. It has been established in the same location for over 26 years and has a loyal customer base.

Support & training:

The Seller shall provide 2 weeks of on site training on the day to day operation of the business and will accompany the new owner to at least one gift show.

Reasons for selling:

Absentee Owner Retiring

Trading hours:

9:30 AM- 7 PM (M-Th) 9:30 AM – 6 PM (Fri-Sat) 11AM-5 PM (Sun)

Financing available:

Cash or Bank Financing

Furniture / Fixtures value:

$45,000 (included in the asking price)

Inventory / Stock value:

$80,000