SBX Business Brokers Phone : 02 9439 ****

Framing - Retail - Gallery - Established 15 years

Listing Id : 125267

Location : New South Wales

Category : Hardware

Asking Price : 198,000

Business description

Framing - Retail - Gallery - Eastern Suburbs - Agent SBX Code Number: SF1200 Retail framing and art gallery - All kinds of framing services to corporate and private customers. - Uses high quality picture frame mouldings, both imported and locally produced, and a wide selection of timbers, finishes and shapes. - The owner specialises in custom framing and also sells artworks from established and local emerging artists - Does art fairs and exhibitions. - Environmentally friendly and uses lots of recycled products. Exciting new equipment purchased in July 2016 adding value to the business. Potential Suit two owner operators - Improve social media - Open more hours - Do some advertising and promotions. Features Hours to suit - Great clientele - Well established with a good reputation - Boutique business - High profit - Good website - Lot of repeat business. Premises 1920 building with 3 rooms, small kitchen, bathroom, back area and a double garage and an area of 130 sq. mts. Location Great corner location at a busy roundabout surrounded by commercial and residential in Eastern Suburbs Trading Hours 5.5 days - Mon - By appointment. - Tues. - Fri.- 10 a.m. - 530 p.m. - Sat. - 10 a.m. - 2 p.m. Lease Current lease expires Feb. 2019 + 3 year option- C.P.I. increases - 3 months bond. Employees 1 owner + 1 part-timer + 1 casual. Comments Misc 1 - New Gunner Mattcutter. A top of the line Mattcutter from Switzerland was purchased recently valued at $50K and payments will need to be paid weekly by a new buyer, this equipment can save on staff and increases the value of this business. A new Cassese underpinner valued at $7000 is included. Training can be provided if required - Figures are an average per week - The owner operates on her own therefore lots of potential for expansion for a motivated new owner or couple. Figures Weekly Sales $**** **** Rent (ex GST) $1100 Wages $510 Profit $21**** **** Agent SBX Code Number: SF1200 - SBX Business Brokers

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