Business for Sale Overview:
Two Opportunities Available. Highly Profitable Custom and Contract Picture Framing business for sale. Long Term Lease for sale in the heart of one of the most affluent North Shore towns in Suffolk County. Corner Lot with parking, 15 Year Lease With no Increases for the Next 15 Years. 3,500 square feet with full 3,500 square feet basement. You can sub let the space as well. If you want to buy the business, you are looking at a business that has been established for 20 years with a very large and loyal clientele, both private and corporate. They handle wholesale and retail sales with 3 full time employees that would be willing to stay. In addition to picture framing, they offer stock and photo frames, mirrors, lithos, posters, prints, original art, restorations, and much more. Cost of Goods is very low and hours of business are very reasonable for retail (M-F 9:30am-6pm, Sat. 9:30am-5pm, Sun. - Closed) In the past 12 months, the business has Gross sales of approximately $600,000 with a Net Income of approximately $270,970. The business is selling for less than a 2x's multiple, including over $100,000 in current inventory. This is an excellent business that would be perfect for an owner/operator. Please, serious and financially qualified buyers only. Be prepared to show proof of funds. The price is negotiable, but the seller Will Not hold a note.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Reason for Selling:
owner is retiring
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- This may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.