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Listed by:

EvergreenGold

Broker license number: CA BRE # 01919755

Arts And Crafts Studio In San Mateo County For Sale

San Mateo County, California - North
Asking Price:
$199,900 (USD)
Sales Revenue:
$358,000 (USD)
Cash Flow:
$50K - $100K (USD)

A thriving full-service, do-it-yourself arts and crafts studio and workshop, specializing in pottery, mosaics, glass fusing, and canvas painting. Located on the Peninsula, in the heart of Silicon Valley, convenient to San Jose, San Francisco, and the East Bay, this studio offers birthday parties, summer camps, corporate and team-building events, classes, supplies, materials, and more for children, teens, and adults. No artistic talent needed!
Clients can sign up for classes, reserve a space and time for individual work, or just drop-in spontaneously whenever the artistic spirit moves them. In business for about two decades, the business has a solid base of loyal recurring customers, supporting its continuing steady profitability.
The business can easily expand to host "art & wine" parties for adults of all ages!
The business employs two full-time people (including the owner) and four part-time employees.
Finances: Gross sales revenue for 2017 was $358,000; gross profit, $267,000; and, net profit $84,000. 2018 was similar. Detailed financial information for the past several years as well as calculation of the Seller’s Discretionary Earnings (SDE) will be provided to prospective buyers upon signing the NDA.
Training & Transition: The Seller will provide extensive training and an orderly transition.
Assets: The tangible assets including leasehold improvements, furniture & fixtures, and specialized equipment, as well as the typical level of for-sale inventory, are valued at approximately $50,000.
The Transaction: The asking price for the business is $199,900, (plus an amount for then-current inventory cost, to be negotiated); we are soliciting all responsible offers from serious buyers. This would be for the entire business, including all related assets & equipment, employment relationships, customer contacts, database, and intellectual property. It does not include cash, accounts payable, or accounts receivable. Inventory for resale would be included on a cost basis to be negotiated.
Note: All data on this business is provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy. The Broker has made NO independent verification of the data contained herein. The Broker represents the Seller and does NOT represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of professionals prior to purchasing the Business.

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