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Seller Contact Information |
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Jean Rigsbee
Raleigh, North Carolina
Office: (919) 787-9920
Mobile: (919) 601-6874
Fax: (919) 787-9920
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The Bare Wall Gallery and Custom Framing | Listing ID: 20635 |
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| Asking Price: |
$75,000 |
Status: |
Active |
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| Business Type: |
Service / Service - Others
Retail / Retail - Others |
Reference #: |
9920 |
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| Business Location: |
5230 Hollyridge Rd,, Raleigh, North Carolina, 27612 |
Broker Coop: |
Yes |
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Wake County |
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Annual Income Information |
Labor Information |
| Gross Sales: |
$145,000 |
Full-Time Employee: |
1 |
| Net Operating Income |
$40,000 |
Part-Time Employee: |
1 |
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Business Detail Information |
Lease Information |
| Form of Ownership: |
Sole Proprietorship |
Leased SqFt: |
1,600 SF |
| Year Established: |
1984 |
Rent /Month (Include NNN): |
$1,050 |
| Accounting Info(years): |
7 |
Lease Exp.Date: |
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| Franchise: |
No |
Original Lease (# of yrs): |
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| Liquor License: |
No |
Lease Left (# of yrs): |
1 |
| Seating Available(#): |
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Lease Option (# of yrs): |
1-2 |
| Parking Space(#): |
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Lease Renewable: |
Yes |
| Hours of Operation: |
M-F 10-3, Sat 10-4 |
Lease Transferable: |
Yes |
| Reason For Sale: |
retiriing, looking for new challenge |
Rent Increase: |
approx 1% |
| Seller Training Available: |
Yes (one month) |
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Price Description |
Financial Information |
| Real Estate Included: |
No |
Seller Cash Out: |
No |
| Real Estate Value: |
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Seller Financing Available: |
Yes |
| Fixture & Equipment Included: |
Yes |
Seller Financing Amount: |
$75,000 |
| Fixture & Equipment Value: |
$12,000 |
Seller Financing Term(years): |
5yrs |
| Inventory Included: |
Yes |
Annual Interest Rate: |
8.% |
| Inventory Value: |
$15,000 |
Min. Down Requested: |
$45,000 |
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Business Description |
Well established fine custom framing and art gallery in affluent area that is still one of fastest growing cities in America.
Have very nice clientele, fine reputation in industry. Profitable business, great for an artistic/design oriented person
that enjoys woodworking or desires to. Business still stays busy during a recession. Great location, high traffic,
very reasonable rent, newly remodeled shopping center. Will train for one month. Owner wants to retire, seek new
challenge. 25 years established |
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