Painting with a Twist in OKC For Sale

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Asking Price:
$85,000

Gross Revenue:
$424,954
Cash Flow:
$18,538
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$3,000
not included in asking price

FF&E:
$50,000
included in asking price

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Business Description

ESTABLISHED - Social Painting with Purpose & Entertainment is a newer concept that is rapidly expanded. It combines art within a social, fun environment. It is not necessarily fine art, but is definitely fun art!
If you love art as a vehicle for purpose & entertainment, and would love to introduce people to their creative side, the Painting with a Twist® brand & business is for you. It is fun and simple to run. All of the art is produced and copyrighted by Painting with a Twist®. Your customers will enter into a pleasurable, innovative environment, where they will experience firsthand the excitement of creating their own work of art.
This location in a desirable suburb of Oklahoma City that we have listed for sale opened in 2014. The concept has been so popular & successful that the franchise system already has 325 studios across the U.S. 98% of all franchised locations remain open, a high success rate few franchises attain. 45% of the franchisees own multiple locations, another sign of success & satisfaction with the brand and the company.
Through the years that Painting with a Twist® has been in business, they have developed systems & procedures that ensure a successful working relationship. The systems & relationship support are built for long-term growth and unparalleled value for every franchisee. By acquiring this franchise and going through the corporate training program, your success is greatly enhanced. This location opened as a second location, 300 miles from the owner’s home. It has been difficult for the owner to nurture the business from afar, thus the reason for selling. This business has the potential to grow with an active owner/operator.
Quite simply, it is best for an acquirer of a business to purchase an existing business with the aforementioned attributes such as this one than starting up this concept as a new startup. This business has already gone through the time consuming, financial commitment to building out the location & building the customer base, so why start from scratch?. If you have a passion to deliver a rewarding experience to your guests and consider yourself a people person, then this business is a fit for you!

About the Business

Location:
The Village, Oklahoma
Year Established:
2014
Number of Employees:
7
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
2,457
Rent:
$2,457.00 Per Month
Lease Expiration:
6/30/2020
Facilities:
An attractive multi-studio/social room in a newer strip center that has popular local & nationally branded retailers as its tenants. The assets include furniture & fixtures that is consistent with the franchisors brand & current decorative environment. The 2457 sq. ft. studio/social room lease runs through June 2017. Current rent is $12.00 per sq. ft. plus $1.75 triple net.
Market Outlook/
Competition:
While there are other Social Art Studios in the OKC metropolitan area, Painting with a Twist® is the #1 brand in the industry. This business has a consumer base to market & grow upon. It models the unique Painting with a Twist concept which allows it to be the best & the most fun studio in town!
Growth & Expansion:
An owner/operator that has marketing skills and an a high energy level can grow this business dramatically.
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About the Sale

Reason For Selling:
Business too distant from their home(300 miles)
Training/Support:
Franchisor provides comprehensive initial training as well as on-going support.

Listing Info

ID:
1334804
Ad Detail Views:
874

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$
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Business Listed by

Jeff Goldblatt

VR Business Brokers

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Sponsoring Broker:

Larry Lane
VR Business Brokers

U.S. Census Data for Oklahoma County, OK
Age

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Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Oklahoma County, OK
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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