Paint & Entertainment Studios for Sale

Not Disclosed, TX
Harris County

Asking Price: Annual Revenue:
$1,295,000 $1,985,201

Recreation: Entertainment

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RE: Paint & Entertainment Studios for Sale Broker: Michael Holloman
Owner Financing is Available!
$1,150,000 down/$145,000 for 60 mos. @ 6.50

Quick Facts

Asking Price: $1,295,000
Annual Revenue: $1,985,201
Net Profit: Not Disclosed
Cash Flow: $239,152
Total Debt: Not Disclosed
FF&E: $91,175
Real Estate: Not Disclosed
Year Established: 2014
Employees: 28
BBN Listing #: 40994955
Broker Reference #: 6206-14736

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Business Overview:

This multi-unit group of paint studios, covering the most established and desirable Harris county neighborhood and retail markets, provides the opportunity for friends, family, coworkers, charitable and community groups to gather for fun painting together while listening to music, snacking and sipping on their favorite drinks. The artists guide the groups with step-by-step instructions to ensure the customers have fun and are entertained, while providing a casual and comfortable atmosphere not found in other scenes.

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Property Features and Assets:

There are multiple locations operating from strip center locations across the Greater Houston area. Location sizes range from 1,500-2,000 square feet with a base rent rate ranging from $2,500 - $4,850 per month. Each of the locations has all of the supplies and space necessary to support the painting classes and events. See the Confidential Information Memorandum for detailed lease specifics. Assets= $215,408

Market Competition and Expansion:

The 'paint n sip' industry continues to grow due to strong demand and there are multiple competitors in the field. But this business belongs to one of the oldest and most established franchise brands in the industry and retains the rights to a large portion of the greater Houston area, making it a great way for someone to enter the industry with momentum and support already in place. There are multiple avenues for growth for this business. In addition to increased marketing to the existing target customer, growth can also be achieved by expanding focus on programs for children, seniors, corporate groups, charitable groups and other affinity groups. Growth could also be achieved through new promotions and mobile class opportunities.

Reason for Selling:

Seller wishes to pursue opportunities.

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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