50 Y/O Highly Profitable Custom Picture Framing - 35650

Financing

$199,000 Down and Seller financing possible for a well-qualified buyer.

Business Description

Price Drastically Reduced! The seller has other investment interests. The custom framing industry possesses one of the highest profit margins in the retail landscape! This extremely profitable retail & service business has become a community landmark for the past 50 years! They have built a very large and loyal clientele, both private and corporate, in this affluent N Shore town. They handle commercial, wholesale and retail sales with 3 FT employees along with the owner/operator. 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). The store is being sold with all production equipment and inventory worth in excess of $100K alone. In the past 12 months, the business grossed approx. $500,000.00 with an owner’s cash flow of approx. $125,000.00. The store is a spacious 3500 sq. ft. with full 3500 sq. ft. basement, fully equipped. The rent is only $5,108/mth and the lease can be extended for a well-qualified buyer. You can sublet the space as well. This is an excellent and profitable business that would be perfect for an owner/operator. The business has huge expansion and growth opportunities and would benefit from advertising, social media campaigns, expanded store hours, offerings of delivery and installation services as well as establishing an on-line store presence. We are seeking a serious and financially qualified buyer with at least $125K in liquid funds. Seller financing possible for a well-qualified buyer. The ideal buyer would be full-time owner-operator or family, ideally with some background in woodwork or carpentry. The current owner is willing to stay on for a lengthy training and transition period and/or open to staying on as an employee. Proof of funds will be requested before any buyer-seller calls or meetings. All meetings must be made by appointment only! To learn more, please call, text or email Mel Vaz today at 631-767-0157 or melvaz@vestedbb.com.

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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.