1. Home
  2. Businesses for Sale
  3. New York
  4. Art/mirror/framing Retail
This Business has been Sold!
Closing Date: 08/18/2017

Business for Sale Summary

Custom and Contract Picture Framing Business - 26638

Business Type: retailing businesses,business/office supplies,home furniture/ furnishings,misc. retail/non-classifiable,service businesses,other business services,special situations,best deals!,new to market,art/mirror/framing retail
Sold
Custom and Contract Picture Framing Business
On August 18th 2017, The Undersigned
Acted as the Advisor to the Deal
Melvin L. Vaz
Melvin L. Vaz Senior Broker
Servicing: This Broker is Servicing All of CT, MA, NJ, NY and RI
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1(877) 735-5224 to discover the difference that is Vested Business Brokers.

Financial Information (non-confidential)

General Information
Asking Price $399,000 Down Payment $399,000
Gross Revenues $570,000 Lease Remaining Register Free to View
Owner’s Cash Flow $150,192 Number of FT Employees Register Free to View

Financing

$399,000 Down and None

Business Description

TWO Opportunities AVAILABLE. 1: Highly Profitable Custom and Contract Picture Framing business for sale. 2: Long Term Lease for sale in the heart of one of the most affluent North Shore towns in Suffolk County. Corner Lot w/parking, 9 Year Lease WITH NO INCREASES FOR THE NEXT 9 YEARS. 3500 sq. ft. with full 3500 sq. ft. basement. You can sub let the space as well. If you want to buy the business, you are looking at a business that has been established for 39 years with a very large and loyal clientele, both private and corporate. They handle wholesale and retail sales with 3 full time employees that would be willing to stay. In addition to picture framing, they offer stock and photo frames, mirrors, lithos, posters, prints, original art, restorations, and much more. Cost of Goods is very low and hours of business are very reasonable for retail. OPEN ONLY 6 DAYS/WK. (M-F 9:30am-6pm, Sat. 9:30am-5:30pm, Sun. - CLOSED) In the past 12 months, the business has Gross sales of approx. $600,000.00 with a Net Income of approx. $150,000.00. THE SALE PRICE INCLUDES APPROX. $100K IN INVENTORY. This is an excellent business that would be perfect for an owner/operator. Please, serious and financially qualified buyers only. Be prepared to show proof of funds. The price is negotiable, but the seller WILL NOT hold a note. If you can meet these terms call or email Mel Vaz at 631-909-1095 or melvaz@vestedbb.com.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.