702 - Very Successful Wholesale Picture Framing Business - $325,000
This wholesale picture framing business is a true gem – it is uniquely positioned in the wholesale and retail framing industry. Impact Picture Framing caters to individual artists and to large, well-known wholesale customers, galleries, hotels and restaurants in need of artwork.
In addition, well-appointed classrooms cater to Art classes that are being held on the premises, which generates additional revenue. This business is well-established and enjoys an excellent reputation in the Art and Picture Framing industry as one of the leading players.
The owner wants to retire and is prepared to stay on for 6 months as a mentor.
Note: The sale price includes virtually everything – know-how, state of the art equipment, all shop furniture and product inventory, name rights and a strong, growing customer database.
This business is perfect for someone to take over a strong business that is profitable from day 1 and the wholesale business opening hours from 8.30-4.30 pm MON-FRI (closed on weekends) leave plenty of time to pursue further expansion opportunities.
Opportunities like this do not come along very often – so do not hesitate and contact Chris to book your showing today!
Name of Business: Impact Picture Framing
Address: 4036 / 4034 7 St SE Calgary T2G2Y8
Type of Business: Wholesale Picture Framing
Premises sqft: 2 x 2080 = 4160 sqft
Other Building Particulars (patio, garage, outbuilding):
Parking assigned vs public: 6 assigned, 30 public
Building age: 1965
Staff: 2 ( 1x FT, 1 x PT)
Opening hours: 8.30 – 4.30, no weekends
Gross Revenue: $420000+ (FRC) for 2017
Lease rate base: 11.75, escalate to 13.00 in year 5
Lease Duration: 5 yrs until Aug 31, 2021Option to Renew Lease: No