Owner Financing is Available!
Business Overview:
This business is an award-winning art gallery and frame shop. The gallery deals in both fine and decorative art. It specializes in high-end custom framing as well as "affordable" custom framing including ready-made frames. The gallery is located in a prominent location on the main thoroughfare in one of the finest communities in the Wisconsin. Drive-by traffic averages more than 10,000 cars per day. Window displays facing two major streets attract both drive-by and walk-by customers. Multiple national and international awards for excellence and service from "Decor" magazine, the major industry publication, provide evidence of the outstanding reputation of this gallery. The owner has worked hard to develop and maintain this excellent reputation.
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.
Property Features and Assets:
The shop is located in a small, inviting strip mall and occupies 1,800 square feet of leased space. The current term of the lease expires on March 31, 2010 and the owner plans to renew the lease annually. The rent on the space is $2,600 per month. The tenant pays for the utilities and a portion of the bill for common area lighting. Real property taxes, real property insurance and maintenance (including snow removal and landscaping) are paid by the Landlord.
Market Competition and Expansion:
This is a unique opportunity to step into a business that has had good earnings for many years and includes all of the assets needed to be successful. Furthermore, the owner is willing to train the buyer and share her years of experience. Because business is being marketed as the economy recovers from the low point of the business cycle, the price of this business is based on the value of the assets included rather than the earnings of the business. This makes this business a great opportunity. The majority of the purchase price is inventory priced at the owner's cost. If you were to try to duplicate this shop, you would be spending more money and energy than you would by buying the shop.
Reason for Selling:
Retiring
Additional Details:
- The property is leased.
- The owner is willing to train/assist 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.