Asking Price: $250,000 Gross Revenue: Not DisclosedCash Flow: Not DisclosedEBITDA: Not DisclosedInventory: $60,000 included in asking priceFF&E: Not Disclosed included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Exclusive retail business with an impeccable reputation in a prime location in the western suburbs of Chicago. The business has a broad and extensive loyal client base, with no client representing more than 5% of the annual sales. This company has been in business for over 50 years(over 30 years with the current owner) and has developed a dedicated following in the metro area. It is located in a 2,000 sq ft facility which provides ample room for retail and workshop capabilities. An additional classroom/storage facility is leased in the same building.
The store sells professional art supplies, creative gifts and provides professional custom framing for everything from photos to fine art. It is located on a main thoroughfare with substantial traffic and readily available parking.
Sales for this business are generated primarily through word-of-mouth and reputation. The business has a limited online presence and is ripe for expansion and would see an increase in overall business with a little marketing effort.
This is the perfect business for somebody with a creative background and a business mind. This is a turn key opportunity for a buyer to take this business to the next level - an ideal business for a working family that wants to establish their own hours and a second income
Price includes inventory which is estimated at $60,000.
About the Business
Number of Employees:
Business is located in a high traffic retail building on "the main" street in a premier western suburb of Chicago
The current marketplace for professional art supplies and custom picture framing is fragmented with no immediate competitors in the same town. All inventory is included with the sale of this business.
Growth & Expansion:
Company could see substantial benefit from a new owner implementing an updated marketing plan to expand the company's reach. There is room for immediate growth with minimal marketing efforts through social media and an upgraded web presence.
Professional Art Supply and Custom Picture Frame Shop
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the seller or a business broker representing the seller. BizQuest has no interest
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