Painting with a Twist - Lewisville TX

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Great buy on this franchise brand
Asking Price:
$99,000

Gross Revenue:
$189,291
Cash Flow:
$7,013
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

REDUCED, GREAT VALUE - Paint & Sip Entertainment is a newer concept that is rapidly expanding. 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.
The studio is in Lewisville, TX , a growing suburb of Dallas-Ft. Worth. The studio that we have listed for sale opened in 2015. Painting with a Twist has been so popular & successful that the franchise system already has 304 studios in 39 states. 32% of the franchisees have multiple locations.
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. The current owners are employed in the medical industry and have found it difficult from a time perspective to devote the time to the studio that it needs. 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! If this business opportunity is of interest to you, please submit an inquiry through the business for sale website you are currently viewing this business.

About the Business

Location:
Lewisville, Texas
Year Established:
2015
Number of Employees:
7
Real Estate:
Leased
Building Sq. Ft.:
2,000
Rent:
$3,666.67 Per Month
Lease Expiration:
3/31/2020
Facilities:
An attractive multi-studio venue(2) in a mall 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 2000 sq. ft. studio/social room lease runs through March 2020. Current base rent is $22.00 per sq. ft. plus triple net.
Market Outlook/
Competition:
While there are other Social Art Studios in the DFW metropolitan area, none that are nearby. Painting with a Twist® is the #1 brand in the industry. This business has a customer 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:
A fully involved owner can improve sales & profit
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About the Sale

Reason For Selling:
Exiing their investemnt to concentrate on their carrer.
Training/Support:
Required corporate training plus owner will supplement the training to ensure a smooth transition

Listing Info

ID:
1620666
Ad Detail Views:
0

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Business Listed by

Jeff Goldblatt

VR Business Brokers

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Sponsoring Broker:

Larry Lane
VR Business Brokers


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