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Custom Picture Framing & Gallery
Location: United States -> California -> San Diego
Industry: Retail > Other Retail




Business Summary

Custom Picture Frames – San Diego. Handcrafted and hand painted frames and French Mats for the most precious artwork to fit every framing need and budget. Seller has been in the framing business for over 40 years and has been in San Diego for since 1988. The business moved into its current location in 2013 and has been completely remodeled. The current location is in an anchored shopping center in very upscale area of the county. With about 910 square feet of space this a very quaint operation. The design work is done on site with most of the manufacturing done by independent contractors, thereby helping to reduce operating and capital expenses. In addition to frames the business has an interesting assortment of art for sale.
Sales of approximately $134,339 in 2014 yielded a SDE of approximately $26,410. With FF&E, Inventory and Tenant Improvements, this is a great deal @ $25,000. A perfect turn key business for a husband and wife team. The lease expires in 2016 and has a 3 year option to renew. Seller wants to retire and is motivated to sell.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $134,339
Cash Flow:   $26,410
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $10,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  1972
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  2 weeks
Reason For Selling:  Retiring

Photos

View Larger Photo(s) Of Business
Custom Picture Framing & Gallery Photo 1




Print Listing Id: 700216799
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