Picture and Art Framing Retailer and Distributor

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Unique Location - 7900+ Customer Base
Asking Price:
$195,000

Gross Revenue:
$528,643
Cash Flow:
$8,540
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$328,000
included in asking price

FF&E:
$70,000
included in asking price

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Business Description

Seller financing to a qualified buyer of $75,000 for 48 months at 6% with a down payment required of $120,000. This is a well-respected retail and wholesale framing business servicing major artists and galleries in the Washington D.C. metropolitan areas. The president and vice-president began in 1979 with the unique purpose of operating a customer-friendly wholesale framing business with a "hands-on" manner. Since then, they have set a course for the company's success with purchases of highly sophisticated, computerized framing equipment. As new technology came into play, their experienced staff have kept pace with the new skills required to operate these advanced machines. The desired result is a small retail framing store that provides quality and consistency to all its customers at competitive prices.

About the Business

Year Established:
1974
Number of Employees:
8 FT
Relocatable:
Yes
Real Estate:
Leased
Building Sq. Ft.:
7,870
Rent:
$9,300.00 Per Month
Facilities:
The retail front is located in a commercial area of Fairfax, VA. 7,870 square feet, 2 levels.
Market Outlook/
Competition:
Preeminent in their industry, top in their field in the DC area, been in business since 1974.
Growth & Expansion:
Outstanding potential for growth with new ownership/management.
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About the Sale

Reason For Selling:
Retirement due to illness, which is the reason for drop in revenue in 2016.
Training/Support:
Will train for 4 weeks @ no cost.
Management.
Seller Financing:
$120,000K down/ $75K for 48 mos. @ 6%

Listing Info

ID:
1286603
Ad Detail Views:
927

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Business Listed by

Fred Walker

Murphy Business & Financial VA

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U.S. Census Data for Fairfax County, VA
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Fairfax County, VA
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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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