Hilo, Big Island Hawaii: Picture Framing & Art Gallery
July to December 2020 Sales up 20% versus 2019
This is a fun and rewarding business to own and operate, it allows the owner to fully express their creativity and to make enough money to live in Hawaii’s paradise.
They closed for a short time in the spring of 2020 due to the Covid-19 virus and after reopening in May their sales have bounced back stronger than before: sales during the 6 months of July to December 2020 were 20% higher than the same 6 months in 2019; perhaps the Covid-19 recovery has begun. Gross margins are up to 72.1% during the full year of 2020 vs 71.3% in 2019.
Located in Hilo, Big Island of Hawaii this business has been offering quality custom art framing and art sales for over 40 years is being offered for sale due to the owner’s retirement. Serving both the local residents and tourists alike this business offers a buyer the following:
Easy and fun to operate – great long tenured employees
Business model and great staff allow the current owner to take 5 to 6 weeks of vacation per year
Great location, close to many customers, with plentiful free parking – especially important in Hawaii
Business is extremely well known and highly regarded
Interesting and fulfilling work; not boring at all
Offers the owner the opportunity to utilize his/her creative skills in the design of framing and art sales
Owner receives great joy from the creativity in the job and from customer satisfaction
Owner works a relatively small number of hours and makes enough money which allows him to have lots of time to enjoy Hawaii’s paradise and lifestyle.
Great investment and market base to expand into other related products and services
$75,000 of hard assets at replacement value.
$55,000 of quality inventory included in the price
Priced at only 0.87 times SDE plus Inventory
Listing ID: HI frame
Title: Hilo, HI – Art Framing & Gallery
Location: Hilo, Big Island of Hawaii
Type of Entity: Corporation
Years Established: 42
Industry: Customer Art Framing and Art Sales
2019 tax return
2020 Quick Books
Asking Price: $125,000
Inventory included in the Price: $55,000
Tangible Assets (F,F&E): $75,000, replacement value
Non-Compete: 5 years
Training: 2 weeks; 30 hrs./wk.
Sale Reason: Retirement
Monthly Rent: $3,600
($46,800 per year; 1.20 per sq. ft. per month)
Sq. Ft.: approx. 3,000
Lease Expiration Date: 12/31/23
Other Location Info: Business owner is also landlord
Beautiful facility with plentiful free parking, close to customers
Limited, they believe they have a 65% local market share
More aggressive marketing could result in 20% revenue increase.
Currently they have no web presence and having one could help grow revenue.
Increased sales of digital artwork
Digital printing of artwork, like Giclee.
Offer art classes.
Monday to Friday: 10 am to 4 pm and Saturday: 9 am to Noon; closed Sundays
This business is being offered with a productive inventory of framing materials and art for sale, state-of-the-art framing equipment, training by the seller and a long-term covenant not to compete.
Is now the time to express your creativity and to live in Hawaii’s paradise?
Contact us for a detailed Confidential Business Profile.