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Diy Workshop & Creative Studio-create & Connect For Sale

Not Disclosed, New Jersey, US
Asking Price:
$199,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$278,367 (USD)
Cash Flow:
$112,474 (USD)

This business was opened in 2018 as a DIY Workshop & Creative Studio for people to create and connect with friends. The studio is located on a busy street with great visibility in an upscale Northern New Jersey Town.

The new owner will take over a business that has a large portion of repeat customers who book their outings weeks and even months in advance. The business hosts public and private events such as corporate team building, birthday parties, fundraisers and school / camp functions. Guests enjoy an instructor based workshop in a fun social BYOB environment.

The business can be run Semi Absentee and the new owner can work as needed. The pandemic was challenging as the business model is built on social interaction. The business adapted to the challenging times by offering DIY @home kits as well as increasing pre-made items for sale.

As the public response to Covid has leveled off the business is seeing a return to pre pandemic numbers. In addition to the return to normal the business has continued to grow through some of the additional revenue streams implemented during the pandemic.

Property Information

Real Estate:

Lease

Premises Details:

The workshop, studio space and storage is 1,800 sq. feet. located on a busy road with ample parking and high visibility in an upscale Northern New Jersey community.

Business Operation

Expansion Potential:

There is unlimited potential for growth as the pandemic moves behind us and corporate and school events happen in person again.

Competition / Market:

Other businesses that operate a similar business model would be a Pinot's Palette.

Reasons for selling:

Owner relocating and moving onto a new business venture.

Trading hours:

Days/Hrs. vary

Employees:
1 FT/14 PT
Years established:
4

Franchise Information

Franchise opportunity:

Franchise Resale

Other Information

Support & training:

Will train for 3 weeks @ $0 cost.

The business offers workshops, hobby, craft, parties, team building, recreation, education, art classes.

Furniture / Fixtures value:
$10,000 (USD) - included in the asking price
Inventory / Stock value:
$2,000 (USD) - included in the asking price
Relocatable:
This business can be relocated.

Contact Murphy Business & Financial

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