Financing: $385,000.00 Down and No terms offered by seller.
Reason for Selling:Retirement
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, 15 Year Lease WITH NO INCREASES FOR THE NEXT 15 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 20 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 (M-F 9:30am-6pm, Sat. 9:30am-5pm, Sun. - CLOSED) In the past 12 months, the business has Gross sales of approx. $600,000.00 with a Net Income of approx. $270,970.00. The business is selling for less than a 2x's multiple, including over $100K in current 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 877-735-5224 or mvaz@vestedbb.com.
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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller. |
