Specialty Art and Supplies Retail Store

Kingston, NY
Ulster County

Asking Price: Annual Revenue:
$795,000 $1,421,730

Retail: Art, Photography, Accessories

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RE: Specialty Art and Supplies Retail Store Broker: Gil Tatarsky
Owner Financing is Available!
$400,000 down, SCN for 36 Months at 8%.

Quick Facts

Asking Price: $795,000
Annual Revenue: $1,421,730
Net Profit: Not Disclosed
Cash Flow: $328,691
Total Debt: Not Disclosed
FF&E: $219,993
Real Estate: Not Disclosed
Year Established: 1978
Employees: 11
BBN Listing #: 788260184
Broker Reference #: 215-20272

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Business Overview:

The Company is the premiere Arts supplies and custom framing store in the Hudson Valley going into its 42nd year and has become a staple in the community. Previously housed in three locations, the Company has consolidated to one store where efficiencies and scale could be accomplished. Its current location is in a very heavily trafficked shopping plaza with high visibility and easy shipping and receiving and abundant parking. The Company has strong relationships with local artists and universities who continue to depend on the company for their art supply needs. The business focus includes custom picture framing, archival reproductions of artwork and graphic design and general copying services. The inventory not only includes high-end art supplies but also includes cards, gifts and novelties. The company recently purchased a new Point of Sale system that provides tools to enter the online and social media space which is a key expansion opportunity. The system also more accurately tracks inventory. Positioning the Company for growth, the owner recently completed expansion projects to build out the one location to include an employee lunch room, custom shelving in the copy shop,10 drawer flat files for framing intake and a new framing work table, shelving and lighting. This is an absentee owner situation as the owner only works a few hours a week and the store is run by managers. For additional information please contact listing agent Gil Tatarsky.

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Property Features and Assets:

This is a leased location of 4,800 square feet with a Total Rent of $5,088. Lease ends 03/2024 with a one 5 year lease option. Seller is not active in the business with 9 Full Time employees and 2 Part Time employees. Hours of operation are 10 AM to 5 PM, Sunday - Saturday. $359,446 in Inventory and $219,993 in FF&E included in Asking Price.

Reason for Selling:

Retirement and to pursue personal interests.

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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