Home-Based Framed Portraits Business with Excellent Margins
Location: Asheville, NC
Asking Price: $112,000
Gross Revenues: $95,220
Cash Flow: $56,406
FF&E: $66,690 included
Type of Business: Framed Portraits
Seller Financing: Yes
Training Available: Yes
Earnings Exceeding $120K for the Current Owner
This is a profitable, well established home-based business currently located in Western North Carolina. Profits are averaging nearly $60,000 over the past three years. This business is currently operated only 4-5 hours per day, allowing for tremendous
possibilities for growth. Included in the purchase are two websites for the full line of capabilities and markets as well as for the funeral home market, which is the core competency.
Growth and Expansion
Sell to a wider area. The owners have limited sales to a few states in the Southeast, basically the FedEx 1-2 day shipping areas. This can be a national business; they have not attempted to expand beyond the markets we inherited. Pricing and quality is competitive with all competitors. A new buyer can open many new doors throughout the US.
Open “B2B” opportunities by partnering with clients who can see custom portraits as a perfect gift for their customers… an attractive reminder of the service they received. They have laid the groundwork and posted the website and have seen an interest from Vets, pet Groomers and Kennels; Real Estate Agents and Brokerages; Resorts and Bed and Breakfasts; Tourist Attractions; and many others. This would be a priority if we were keeping the business. Associate the company with local youth and college sports teams and leagues.
Become the “go to” source for team and individual portraits. They would offer portraits as a fund raiser for the team or league by sharing the profit on each sale.
Reason For Selling