High-End Art & Framing Retailer | Destination Store w/Growth Potential
This long established and profitable business is a retailer of high quality art and art framing services. The business deals with high end customers, who reside from NYC to the Hamptons. The owners have reached retirement age and want to enjoy more leisure time and are willing to provide attractive financing to a qualified buyer. Present ownership had no prior experience in the art business and are willing to train a new inexperienced owner. Over 90% of the business presently is from past customers or referrals. While the bulk of the business presently involves sales to homeowners, designers and contractors for residential homes, the owners feel that the commercial market offers a significant growth opportunity.
Inventory
$100,000
Internal Id
Rapt5596
Financing Notes
The owner is willing to provide financing on attractive terms to qualified buyers.
Growth & Expansion
Presently the business has focused on sales for the residential market. While the store has made sales to commercial accounts, this is an area of significant growth potential for a younger, more aggressive owner. Potential new markets include medical and other professional offices.
Inventory Included
No
Support & Training
Ownerhip will remain for sufficient period to transition business.
Number Of Employees
1
Market & Competition
While all businesses have competition, ownership believes that their store is unique and offers a variety of art prints not found locally
Reason for Selling
Ownership has reached retirement age.
Financials
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