print| Status | Active |
|---|---|
| Listing ID | 10880026 |
| Listed Price | $245,000 |
| Down Payment | $245,000 |
| SDE | $90,000 |
| Total Sales | $300,000 |
| Asset Info | |
| Inventory† | $10,000 |
|
† Included in price |
|
Reason For Sale
Retirement
Operations
| Year Established | 1992 |
|---|---|
| Form of Ownership | Undisclosed |
| Absentee Owner | N |
| Franchise | Y |
| Days & Hours | M-F 10-6; Sat 10-5; Sun 12-5 |
| Years Owned | 17 |
| Business Age | 20 |
Location
West Los Angeles| Type of Location | |
|---|---|
| Lease Expires | 02/01/2013 |
| Security on Lease | |
| Location Comments |
Executive Summary
Business Description
This is a 20-year-old profitable retail custom framing shop in great West LA location. Business has the latest in equipment including a computerized mat cutter that can cut complex designs into the matting and can handle framing up to 120”x60”. They specialize in fast turnaround and about 80% of the orders are done next day with the balance by 3 days. Employees include 1 full-time expert framer that has been with the business from almost the beginning.
The business has experienced growth in 2011 vs. 2010 and has recently secured a rent reduction that is transferable to a buyer.
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