Art Framing & Interior Design Shop in Chelsea - 27517

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Asking Price:
$720,000

Gross Revenue:
$1,200,000
Cash Flow:
$360,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$75,000
not included in asking price

FF&E:
$75,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

After 30 years in business, the owner of this Well-Established Art Framing & Interior Design Shop in Chelsea is ready to retire, but not before imparting his valuable know-how, customer accounts, and vendor relationships to you. Customer accounts include a multitude of architects and designers, as well as loyal retail customers, who keep getting minted day after day from neighborhood walk-ins and steady sidewalk foot traffic. The shop offers museum- quality framing for fine art, mirrors in all shapes and sizes, shelving, table tops, custom-made glass shower and steam doors, and much much more. You now have an opportunity to acquire a real gem at only 2 times the owner's discretionary cash flow. $75,000 of raw and finished inventory and another $75,000 in equipment are included in the asking price. Skilled employees, which include a master framer, internet marketer, and delivery man/installer, will stay on. The seller will discuss the unusual, but very favorable lease situation with you when you meet with him in person. Please do not speak with the employees or customers, as they do not know the business is for sale. Then, kindly contact the listing broker Jay Goldman to make an appointment to meet with the seller and get a tour of the facilities. Please call 1-877-735-5224 for further information.

About the Business

Location:
New York County, New York
Number of Employees:
3
Website:
www.vestedbb.com
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About the Sale

Reason For Selling:
After 30 years in business, the seller is ready to retire.
Training/Support:
Yes
Seller Financing:
500,000.00 Down & The Seller will finance $220,000.00 over 24 months at 6%

Listing Info

ID:
1599103
Ad Detail Views:
0

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Business Listed by

Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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