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Businesses For Sale   >>   Art Galleries and Museums Businesses For Sale

Ceramics Studio - Arts & Crafts

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $127980
Net Profit / Cash Flow  $47235
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2010
Number of Employees  1 - 3
Inventory  1000
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  2 weeks at 20 hours/week or as necessary
Reason for Sale  Personal

Description  
This Los Angeles Area ceramics studio with excellent street front visibility and freeway access offers its clients a variety of introductory and advanced classes and workshops for student with ages ranging from children to adults. The arts and crafts studio offers its students an open space to create their works, while also providing instruction, supplies and equipment (clay, glazes and kiln). The business operates with a full-time owner-operator and boasts a steady increase in revenues and cash flow year over year. The ceramics studio was established in 2000, and is now considered one of the established studios in the area. Asking Price $67,000 This 1,000 square foot art studio leases for $2,538 per month on a secure lease. A new owner will obtain a similar 2 or 3 year lease, with options available and to be agreed upon with the landlord. All of the business's furniture, fixture, equipment (including 3 kilns), goodwill and approximately $1,000 in inventory will be included in the sale. Little direct competition exists in the immediate area for this particular type of instruction based studio. Color Me Mine, with its retail based business model, would be deemed the strongest competitor in a slightly different market segment, as their clients are not typically solely paying per class, or creating their ceramics from scratch. The company benefits from a loyal customer following which provides it a stable recurring revenue base. The studioo?s independent vibe and excellent freeway access, coupled with its prime street front visibility on a major thorough way, provide it a significant competitive advantage while allowing it to save on marketing expense. This business benefits from a full-time owner who is able to teach some classes. A new owner may wish to take the business in any number of new directions, including increasing prices, extending business hours or adding classes.


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