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  • RE:  Art Supply Store
  • Contact:  Kim Capen

Quick Facts

Asking Price: $125,000
Annual Revenue: $191,700
Net Profit: Not Disclosed
Cash Flow: $36,831
Total Debt: Not Disclosed
FF&E: $13,228
Real Estate: Not Disclosed
Year Established: 2012
Employees: 1
BBN Listing #: 457811185
Broker Reference #: 170-02329

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Business Overview:

This successful locally owned art supply store has been operating for 11 years and has an excellent selection of retail products. The owner has been selling art supplies and materials for 45 years and is a go to spot for any type of artist’s needs. This retail store is open 6 days a week and has one part-time employee. The owner/manager works 40 hours a week. This is a retail store and an INCOME PRODUCING SPACE AS WELL. So, with the wonderful retail store automatically get a paying tenant and enjoy the income! The location is wonderful, close to a popular downtown arts district along with food and other retail stores. Plenty of parking spaces in front and behind the store. The space is in great shape, has a new roof and the air-handler up to date. Low rent and wonderful space for a great retail owner.

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Property Features and Assets:

Inventory: $70,000 (Included in the asking price). Lease/Month: $2,200. Square Footage: 2,200. Building Type: strip center. Terms & Options: 3 year. Expiration Date: 9/24/2024.

Reason for Selling:

Retirement

Additional Details:

  • The property is Leased.
  • The owner is willing to train/assist the new owner.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

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