Description of the business for sale
Opportunity to purchase established, profitable art & frame shop in Rockwall, TX. Easy business to operate with short hours, limited inventory, employees and equipment requirements. Major retail tenants in the area include Stein Mart (anchor), Target, Albertsons, Lowe s Hardware and Blockbuster. Shop can be run effectively with a full time owner and 1 part time employee. Very high gross profit margins. Above average inventory of limited edition prints. Virtually no competition in a wide trade area that includes Rockwall, Rowlett, Heath, Terrell, Greenville and Royse City with a total population base of approx. 240,000. Owner started business in 1998 and is now ready to retire at age 71. For details contact Stocker Travis at 972-783-1662 or stravis@bizdealmaker.com
COMPETITION: Virtually no competition in the Rockwall area (Michaels & Hobby Lobby offer framing services but are not considered competition from a service and quality standpoint). Business desperately needs younger, promotion minded individual. Current owner is tired and doing little to no advertising.
ADDITIONAL FINANCIAL INFORMATION
•Financing: Seller financing available at competitive interest rate and reasonable terms
•Inventory: $75,000
•FF&E: $35,000
REASONS FOR SELLING: Retirement
EMPLOYEES: Full-time / Part-time: 1 pt
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Support / Training provided by seller
Seller will provide 30 days on-site training after purchase, assist in securing retention of employees and transfer of supplier relationships, provide on-call telephone assistance after completion of training and sign a no competition agreement.
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Description of the facilities
Business operates in a 1,543 square foot leasehold space in a high end retail shopping center in Rockwall at a base rental of $2,185.91/month plus landlord operating expense pass throughs of $818/month for a total monthly gross rent of $3,003.91 Current l
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