Business For Sale

High Quality Fine Art Giclee Printing Business

Central NC, NC
Wake County

Asking Price: Annual Revenue:
$125,000 $192,613

Retail: Art, Photography, Accessories

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RE: High Quality Fine Art Giclee Printing Business Broker: Jeff Snell, M&AMI, CBI, ABI
Owner Financing is Available!
Seller will participate in commercial lender/SBA Seller financing requirements.

Quick Facts

Asking Price: $125,000
Annual Revenue: $192,613
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $87,740
Real Estate: Not Disclosed
Year Established: 2007
Employees: 3
BBN Listing #: 53076351
Broker Reference #: CANVAS1

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Business Overview:

This business provides high quality Giclee reproductions on name brand canvas or paper using top of the line large format inkjet printers. Focusing on the high-end of the market, clients are located all over the world. This business is currently operated from a 2,140 square foot office condo owned by the seller or could be easily relocated.
The business has a modern website that supports sales, customer service and production requirements as well as a Facebook presence. The business offers art scanning and digital enhancement services.
The current owners, who purchased the business in 2010, have built the business by focusing on the highest quality product while creating relationships with their customers rather than chasing high volume low margin transactions with price shoppers.
Current production equipment is capable of supporting increased sales of at minimum 300%. The business does not offer credit terms resulting in zero bad debt and timely cash flow for the business.
With no retail hours and significant growth opportunity available, the new owners can be confident in the businesses stable sales that successfully weathered the financial great recession.
The asking price DOES NOT INCLUDE inventory which varies over the course of the year. Value of inventory at cost as of the day of closing will be added to the purchase price.
Historical Summary: The business was established in 2007 and purchased by the current

Initially the go to market strategy was to be a low price leader with average quality. The current owners moved the product and customer up market while raising prices appropriately. The business is now known as a fine art supplier of Giclee reproductions.

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Property Features and Assets:

Non-heated, weather tight storage are of 560 square feet in addition to the 2140 heated square feet. The most recent appraisal was $195,000 and is being used to estimate the current value. The commercial property will be sold at bank appraised value and is not included in the sale price.

Market Competition and Expansion:

There are a large number of online competitors that compete primarily on price. To do so they use lower quality paper and canvas, high-volume printers substitute off brand inks that render the end product non-archival, sub-museum quality. These vendors typically do not provide scanning and digital editing services. Those that do provide high quality canvas prints typically limit the range of products available. This business prints on brand name products with brand name first quality inks on high end printer/plotters. The business sources top end supplies without regard to distribution channel or manufacturer resulting in a best of breed solution. Current owner works approximately 20 hours per week. Increasing hours dedicated to sales and marketing would yield increased sales/profit. Seller feels that working 40 hours per week would allow sales and profit to at minimum double. Participation in art societies/guilds, gallery events, street fairs, art walks and other events where artists gather can be utilized to generate new business. Buyer may choose to add products such as ASI specialty advertising items (mugs, shirts, coasters, etc.)

Reason for Selling:

True Retirement

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.

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