HAND PAINTED PORTRAITS
Location:
Industry: Technology > Other Technology
Financials
Gross Revenue: $2,750,000
Cash Flow: $675,000
Seller Financing: Possibly.
Business Summary
Since starting operations just four years ago this niche business has become the largest producer of high quality, custom hand-painted portraits, at affordable prices worldwide. Historically the domain of hand–painted portraits was limited to the wealthy. The company’s proprietary manufacturing technology has enabled this breakthrough capability to create custom hand painted art of extraordinary quality from everyday photos, for a fraction of the typical cost. The products enjoy broad appeal to families nationally and internationally. The company’s patent pending manufacturing system combines digital and traditional technologies that produce “painterly-quality” portraits. The unique manufacturing process is very efficient and generates high gross profit margins with low consumer prices. Ninety percent of the companies’ digital production is outsourced to India with some manual production functions now underway in Mexico. The company separates itself from artists painting high priced portraits that require numerous time consuming “sittings” by combining extremely reasonable prices, a high quality product, convenience and prompt delivery. Portraits are sold at more than 400 independent retail locations throughout forty five states. The portraits are also featured on The Home Shopping Network, The Shopping Channel in Canada and various catalogues. The company is planning to launch its own infomercial in 2009 as well as additional direct mail and web based sales programs. The business occupies 7,000 square feet of production/warehouse space with an additional leased 3,500 square feet of executive offices. The company employs forty. Non-union. Senior Management and Founders are available long term and open to possible equity participation. This One-of –a-Kind company has three patent pending applications for its unique process and expects to derive significant value from this technology. Many “Trade Secret” innovations have also been developed and are used in the manufacturing process. These technologies create a formidable barrier to would be competitors.
About the Business
Year Established: 4
Employees: 40 full time -
Facilities: The business occupies 7,000 square feet of production/warehouse space with an additional leased 3,500 square feet of executive offices. The company employs forty.
Market Outlook and Competition: This One-of –a-Kind company has three patent pending applications for its unique process and expects to derive significant value from this technology. Many “Trade Secret” innovations have also been developed and are used in the manufacturing process. These technologies create a formidable barrier to would be competitors.
About the Sale
Management Training and Support: Senior Management and Founders are available long term and open to possible equity participation.
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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