The industry is rapidly changing, so CREATIVE, ENERGETIC, DEDICATED, ENTHUSIASTIC individual(s) are needed to take our picture framing/picture frame sales company to the next level and beyond! An infusion of "New" is necessary, so take this opportunity to build upon what exists and introduce your new ideas and your new concepts-success is limitless-you can make it happen!
This a diverse picture framing/picture frame sales business physically located in a large, affluent town in Fairfield County, Connecticut. Established over 30 years ago, the retail segment is a well-respected, anchor in the local community. It boasts an extensive customer list and is well poised for growth. The current owners expanded into commercial and then ecommerce in order to expand and insulate the business from market fluctuations. Commercial clients include museums, libraries, art consultants, artists and interior decorators. The ecommerce segment, in addition to its website, has been expanded into third party channels such as Etsy, Ebay, Houzz and Walmart.
The infrastructure is in place so with dedicated effort, creativity and determination, the new owners can take the business to the next level and beyond. Social media and SEO knowledge is very important to the overall growth of the business, particularly ecommerce. Included in the asset sale are all tangible assets including framing equipment, furniture and fixtures, finished goods inventory, raw materials and supplies. Intangible assets include three websites, domain names, customer lists, social media accounts, logos, phone numbers, email addresses, etc.
The business occupies a 2500 sq’ space, including 700 sq' second floor, in a beautifully maintained setting. It has a very large work/storage area, an overhead rear door for shipping and receiving and a nicely appointed front retail space. The owners of 22 years who are retiring, have done little to no marketing to advance the Company since COVID, as reflected in the price, and hope creative, aggressive new owner(s) will strive to realize its potential.
- Asking Price:
- $55,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $153,000
- Cash Flow:
- $43,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Gross Lease, open-ended
- Leasehold Rent:
-
$34,200 per annum
- Location:
-
Beautifully appointed "oasis" in a commercial setting with a gazebo. Well maintained property, ample parking and within walking distance of main thoroughfare.
- Premises Details:
-
Clean, tidy well-kept pleasing showroom for retail customers. Spacious workspace, 18' approximate height with a large overhead garage door and three ceiling fans. 700 square foot second floor flex space which can be used for a conference room/office, workspace or storage. 2500 overall square footage. Three zone HVAC.
- Size in square feet:
- 2,500
Business Operation
- Expansion Potential:
-
There is an abundance of growth opportunities within each segment. The current owners have developed a plan for each segment and will share the information with the new owner(s), if they desire.
- Competition / Market:
-
Local retail competition exists, however given our 30-year impeccable history, such competition has little adverse effect, if any at all. Commercial competition is present, however, given the size of the market, only opportunity for growth exists. On-line competition exists, however, with aggressive marketing coupled with the development of new, creative, unique ideas additional market share can be attained.
- Reasons for selling:
-
Retirement
- Trading hours:
-
Tuesday-Friday 10:00-5:00; Saturday 10:00-3:00. Closed Sunday and Monday.
- Employees:
- 1
- Years established:
- 30
Other Information
- Support & training:
-
Any and all training and support will be available to ensure a smooth transition..
- Furniture / Fixtures value:
- $30,000 - included in the asking price
- Inventory / Stock value:
- $10,000 - included in the asking price
- Relocatable:
- This business can be relocated.
