Description About This Posting: Arts And Crafts Studio And Workshop
A thriving full-service, do-it-yourself arts and crafts studio and workshop, specializing in pottery, mosaics, glass fusing, and canvas painting. Located on the Peninsula, in the heart of Silicon Valley, convenient to San Jose, San Francisco, and the East Bay, this studio offers birthday parties, summer camps, corporate and team-building events, classes, supplies, materials, and more for children, teens, and adults. No artistic talent needed!
Clients can sign up for classes, reserve a space and time for individual work, or just drop-in spontaneously whenever the artistic spirit moves them. In business for about two decades, the business has a solid base of loyal recurring customers, supporting its continuing steady profitability.
The business can easily expand to host "art & wine" parties for adults of all ages!
The business employs two full-time people (including the owner) and four part-time employees.
Finances: Gross sales revenue for 2017 was $358,000; gross profit, $267,000; and, net profit $84,000. 2018 was similar. Detailed financial information for the past several years as well as calculation of the Seller's Discretionary Earnings (SDE) will be provided to prospective buyers upon signing the NDA.
Training & Transition: The Seller will provide extensive training and an orderly transition.
Assets: The tangible assets including leasehold improvements, furniture & fixtures, and specialized equipment, as well as the typical level of for-sale inventory, are valued at approximately $50,000.
The Transaction: The asking price for the business is $199,900, (plus an amount for then-current inventory cost, to be negotiated); we are soliciting all responsible offers from serious buyers. This would be for the entire business, including all related assets & equipment, employment relationships, customer contacts, database, and intellectual property. It does not include cash, accounts payable, or accounts receivable. Inventory for resale would be included on a cost basis to be negotiated.
Note: All data on this business is provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy. The Broker has made NO independent verification of the data contained herein. The Broker represents the Seller and does NOT represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of professionals prior to purchasing the Business.
To get more information about this Arts And Crafts Studio And Workshop business for sale in
San Mateo County please phone Tim Cunha (Intermediary, Broker - BRE License #:01919755) at 650-600-3751 and 844-237-6487 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #246582 on BizBen.com. In addition to phoning
Tim Cunha, make sure you email Tim Cunha above to get more info about this
Arts And Crafts Studio And Workshop, to ask any questions or request an appointment to see this
business for sale, franchise, or opportunity. Thank you.
Related Links And Information Regarding This Posting
For over 25 years I have provided niche business purchase financial advisory and loan placement services with SBA and Non-SBA Loans, Retirement Plan Conversions, Private Investors, etc. Financing amounts available: $20K to $7MM. Call today to get pre-qualified or receive financing: 866-270-6278.
Redwood Escrow Services, Inc. is a full service, licensed independent escrow company. We are EAFC Fidelity bonded, fully insured & licensed with the Department of Corporations. Committed to offering our clients the most comprehensive variety of escrow services available. Phone Janet at 510-247-0741.
I've worked at top Bay Area law firms and have extensive experience with business entity formation, mergers, dissolutions, conversions, employment matters, including experience in reviewing and negotiating transactional documents such as leases and purchase agreements.
McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.
Mark has a broad range of small business purchase & sale experience from analyzing potential acquisition targets to successfully guiding buyers and sellers through the purchase & sale of small businesses. Mark can assist with contracts, negotiations, legal matters, etc. Reach Mark at 949-478-8393.
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