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Asking Price:	$45,000 USD USA Dollars
Business for Sale Industry:	Retail: Non-classifiable
Reason for Selling:	Medical
Year Established:	1992
# of Employees:	1
Yearly Cash Flow:	$19,000

Business for Sale Overview:

Furniture, Fixtures, & Equipment: $20,000, Inventory: $20,000. Due to a medical condition, these motivated sellers need to sell Now, so have listed at a fast-to-move price of just $45,000! This framing shop is well-established, founded 15 years ago and acquired by the current owners 6 years ago. Until early 2006, the shop also included an art supply business (the financials do not include the art business). The remaining inventory of art supplies is available as a possible (if buyer wants it) gift to the new owner, and is valued at around $10,000 (which would make the value of inventory included in the sale equal to $30,000). This frame shop is one of only two frame shops in a fun, growing seaport city with a rich art culture and population. Business growth has not been strong because the existing owners run other businesses, so have not been able to focus their full attention on the business. New owners who are more involved with the shop should be able to grow this business into the future. There is currently 1 full time employee working 32 hours per week assembling frames who is happy to stay on. The shop is bright, clean, and well laid out, with high quality equipment for cutting frames and mats, as well as doing dry mounting up to 40x60 . No other local shop can handle the volume or larger items like this shop. The front area has the retail space with hundreds of frame samples which can be ordered. Many of the most popular frames are inventoried for custom cutting and faster turn around (typically 2 weeks, vs 5-6 for many other shops). All the furniture, fixtures and equipment are in very good condition. Condition of the building and location is excellent and comes with plenty of parking. Local towns are affluent, providing a new owner a wealth of opportunities.

Property Features and Assets:

There is 2,000 square feet of space in this high-ceilinged location. The retail area is up front and the large custom work area/inventory storage is in the back. There is a nice office space and an additional 500 square feet loft.

Market Competition and Expansion:

There is only one other frame shop in this very "artsy" seaport town. The shop for sale is the only one that can handle large scale and commercial orders. The sellers both have had other businesses that have distracted them from growing this frame shop. A buyer who focuses on this business and increases the promotion should see fine growth!

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.