The business began operations in 2013 as a Paint and Sip Studio. As of 2015, they had two locations in Broward County, Fl. From the beginning, they had a robust website for marketing purposes.
A Paint and sip business brings groups together for painting lessons, usually in the studio. It’s a fun way to gather for any celebration or corporate event. It has been trendy in recent years.
As a result of the restrictions in operations 2020, the seller promoted, through the website, virtual and offsite events, being able to host over one hundred events that year. Consequently, he decided not to renew the lease contract for both studios, turn the webpage into an “E-studio.” and focus on offsite events.
The seller currently has two painting instructors interested in continuing to work for a new owner.
This home-based business can be run on a part-time basis
Because of a new professional project that needed his full attention, the seller, who is not a painting instructor, decided to sell the E-Studio. He will assist a new owner for two weeks for a smooth transition.
- Asking Price:
- $40,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $26,032
- Cash Flow:
- $16,032
Property Information
- Location:
-
Broward County , FL
- Premises Details:
-
Online business
Business Operation
- Expansion Potential:
-
You can host many events, from birthday parties to corporate events.
Huge growth potential awaits.
- Competition / Market:
-
An E-Studio has multiple benefits, such as:
• Saving on rents and expenses related to the studio. These savings allow lowering the selling price.
• Convenience. Customers can find what they need at any time, from anywhere. Business is open 24/7
• Scalability. A physical studio limits business operations to a specific geographical area. With no geographic limitations, the services are available to customers worldwide.
• Affordable and Effective Marketing. Search engine marketing, organic and paid social media ads, and email marketing allows to reach a segmented market for a lower cost than traditional marketing methods.Since they are an independent brand not restricted to pre-established models, they can customize the events to the client's needs; this results in a more personalized experience.
- Reasons for selling:
-
New professional venture
- Employees:
- 2 PT
- Years established:
- 2013
Other Information
- Support & training:
-
The seller will train for two weeks at no cost to help with a smooth transition
- Financing available:
-
10,000, 12 month @ 8%
- Furniture / Fixtures value:
- $41,000 - included in the asking price
- Inventory / Stock value:
- $500 - included in the asking price
- Home based:
- This business can be run from home.
- Relocatable:
- This business can be relocated.
