Established, Successful Framing & Art Supply Store

Business Overview:

Art reigns supreme over this Art Supply and Framing business. Most of the business's revenue comes from custom framing and customers seeking the staff's creative expertise to frame fine art, diplomas, pictures, and family heirlooms. The store's focus on customers leads many of its clientele to become loyal, repeat customers who appreciate the advice and service they’ve received on past projects. Additionally, the store stocks fine-art supplies, gifts, and ready-made frames and carries more than 7,000 SKUs with brands including Hahnemuhle Paper, Da Vinci brushes, and Arches paper. The business's marketing is more than selling supplies. It hosts classes in the fall and early spring including one-time sessions or series of events led by a staff member or local artist. These classes become a source for new customers and repeat customers trying new materials and techniques. The store promotes its business with an active website, social media presence, direct marketing through Constant Contact, and weekly radio advertising.

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Property Features and Assets:

The business operates from a 2,200 sq. ft. space in a retail mall with large, exterior store-front windows that highlight the selection of stocked items on offer. The windows also provide a clear display of activities in the store and give incoming patrons an inviting bright ambiance to the space, showing off people working on projects. There's a business office and storage space for excess inventory.

Assets = $186,120

Market Competition and Expansion:

Competition in the area is light for the size of the community. The Joann's outlet store closed recently, leaving this business and a Hobby Lobby as the only outlets for these materials. There are several other specialized frame stores.

The potential for growth is high for this type of store. With one competitor leaving and only one remaining, there is potential for strong pricing power for the materials the store sells. Additionally, the business has a reputation for attracting artists and hobbyists who participate in the periodic classes at the store. This community will grow over the next decade as people have more time for leisure activities.

Reason for Selling:

The owners want to retire and pursue other endeavors.

Additional Details:

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