Franchise Craft Studio in Kingwood Area

Not Disclosed, TX
Harris County

Asking Price: Annual Revenue:
$40,000 $54,891

Retail: Art, Photography, Accessories

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RE: Franchise Craft Studio in Kingwood Area Broker: Katie Holditch

Quick Facts

Asking Price: $40,000
Annual Revenue: $54,891
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $15,000
Real Estate: Not Disclosed
Year Established: 2017
Employees: 4
BBN Listing #: 731744107
Broker Reference #: 76931-373539

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Business Overview:

This business is the premier DIY Craft Studio franchise on the market. Customers can experience a fun workshop, book own private parties/events, or pick up a kit to work on a craft at home. The studio provides all of the materials and walks customers through the process of creating one-of-a-kind works of art. To start your own location of this franchise from the ground up would cost a minimum of $63,325, so purchasing this business for $40,000 would cost you significantly less. In fact, a brand-new build out, franchise fee, inventory and the working capital needed would total well over $100,000 for a new store, not to mention having to find a lease space and negotiate that! The inventory on hand is currently over $10,000 and that doesn’t include the value of the tools and equipment for the projects.
This board and brush craft studio is located in a highly visible and popular strip center in the affluent Kingwood area. The economy in the area has recovered and is beginning to boom, and the population is on the rise as well. The sellers love the business concept and are confident that any buyer could significantly grow the revenue over the last half of the year and beyond.
Owners are currently operating as an absentee model, leaving substantial growth for property for a new buyer seeking to be more heavily involved in the day-to-day operations of the business. Significant assets are included in the sale such a build-out, FF&E and inventory.
*Please note that the revenue total listed is for a 7.5 month period, half of which was during the height of the pandemic. Revenue is currently growing rapidly.
The sellers purchased the business in the early fall of 2020 with the plan to grow the business and have residual income. However, with the pandemic and restricted capacities, growth was slower than anticipated, and it became clear that in order to be profitable, the business needed an owner/operator model. Both owners have full time jobs outside of the business and while they enjoy the operations, there are time and schedule restrictions that don’t allow them to operate the business full time.
These type of board and brush studios became popular a few years ago and the popularity is still booming. There is vast potential to quickly grow this location into a profitable and fun business for the right buyer.
With a new buyer functioning as an owner/operator, this studio would be profitable or close to it and ripe to double or triple in growth as the economy starts opening up and booming in the fall. This business is primarily busy on the weekends and evenings, so any owner/operator wouldn't have to be spending all day, every day at the space.
Tapping into bridal parties, ladies' night out groups, school groups, family events, work events, birthday parties and so much more would be the key to pushing sales through the roof. People are ready to get out of the house and this board and brush studio provides the perfect chance for them to do just that!

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Reason for Selling:

Other opportunities for seller

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 a franchise resale opportunity.

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