Big Island Hawaii: Picture Framing & Art Gallery
July to September 2020 Sales up 18% versus 2019
They closed for a short time in the spring due to the Corona virus and after reopening in May their sales have bounced back: sales during the 3 months of July to September 2020 were 18.4% higher than the same 3 months in 2019; perhaps the Covid-19 recovery has begun.
Located on the 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 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
$55,000 of quality inventory included
Listing ID: HI frame
Location: Big Island of Hawaii
Type of Entity: Corporation
Years Established: 42
Industry: Customer Art Framing and Art Sales
2019 tax return
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% 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
Is now the time to express your creatively and to live in Hawaii?
Contact us for a detailed Confidential Business Profile.