Frame Shop Rockwall TX For Sale

Business description

Opportunity to purchase established, profitable, art & frame shop in Rockwall, TX.

Property information

Real Estate:

Lease

Lease terms:

Business operates in a 1,543 square foot leasehold space in a high end retail shopping center in Rockwall at a base rental of $2,185.91/month plus landlord operating expense pass throughs of $818/month for a total monthly gross rent of $3,003.91 Current lease term expires 9/30/08 (sale will involve negotiating a new lease with the landlord with a 5 year base term and a 5 year renewal option).

Other information

Competition / Market:

Virtually no competition in the Rockwall area (Michaels & Hobby Lobby offer framing services but are not considered competition from a service and quality standpoint). Business desperately needs younger, promotion minded individual. Current owner is tired and doing little to no advertising.

Support & training:

Seller will provide 30 days on-site training after purchase, assist in securing retention of employees and transfer of supplier relationships, provide on-call telephone assistance after completion of training and sign a no competition agreement.

Reasons for selling:

Retirement

Financing available:

Seller financing available at competitive interest rate and reasonable term to qualified applicant with sufficient credit & cash injection.

Furniture / Fixtures value:

$35,000 (included in the asking price)

Inventory / Stock value:

$75,000 (included in the asking price)