Profitable Upper West Side Framing Store

Listing Number: 6842-58002

Description

This heritage Upper West Side framing store has been serving neighborhood clients for almost 40 years in the same location. The experienced technicians at this shop are experts at helping their very particular customers find the right frame and do the mounting correctly, whether they are framing a precious painting, family photo or newly-earned diploma or award. They feature a wide selection of frames from which to choose and can enhance any interior design or taste. Frames can be customized with the perfect matte and glass for just the right look and protection. They also carry a selection of elegant, high-quality ready-made frames for the do-it-yourselfer. Mirror faming also is available. The store is Approximately 1,800 square feet on the ground floor plus basement storage. All furniture, fixtures and equipment included. Open: Monday - Thursday 10am-7:30pm, Friday 10am-6:30pm, Saturday 10am-6pm, Sunday 12pm-6pm Strengths / Opportunities Strengths: Opportunities: Add glass and increase mirror sales and services. Improve marketing and promotion efforts. Lease: Opened in 1978; 38 years in the same location. Approximately 1,800 sf on ground floor plus basement storage. Three years remain on a five-year lease. Rent is $11,800/month plus real estate taxes. 3% rent increases annually. Landlord open to a lease assignment for an additional five years.

Listing Details

  • Price: $125,000
  • Down Payment: $125,000
  • Sellers Discretionary Earnings: $110,000
  • Total Sales: $535,000
  • Location: New York, New York

  • Inventory: $20,000
  • FF&E: $8,000
  • Employees: 4
  • Year Established: 1978
  • Reason for Selling: Retirement
  • Category: Art

Business Listed By: