Visit this listing at https://www.sbx.com.au/business?id=FQ1131F

Business Code: FQ1131F

Key Features: Picture Framing - 31 years same owner City Fringe - Nett $5,000 pw - Corporate

State: NSW

Location: Convenient location near major road and bus-stop in the Inner West.

Description

Manufacturing of commercial picture framing which specialises in all kinds of framing services to corporate customers - no retail customers. - Corporate customers include large hotel chains, art galleries, interior designers, government, agent intermediaries etc. - Uses high quality, fashionable frame mouldings that is trending or in fashion. - High profit margin and profits per order.

Summary

  • Features: Strong reputation in niche market - Solid list of customers with medium to large orders- Excellent margin - Established 31 years. - Not currently open to the public.
  • Potential: Currently no retail - Opportunity for retail shop front to attract walk-in and retail customers - No website, social media, marketing or business development. - Can use digital & other marketing to drive more revenue.
  • Premises: Light industrial site of 400 sq.mts.
  • Trading Hours: 5 days - Mon. - Fri. - 8:00 a.m.- 4:00 p.m. - Closed public holidays & 4 weeks over Xmas. -Flexible hours may be required subject to work flow and orders.
  • Lease: Current lease expires April, 2021 + 3 year option. - Annual increase 3%. - Bond $20k.
  • Employees: 1 owner + 6 fulltimers
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$23,000

Cost of Goods

$8,000

Gross Profit

$15,000

Rent

$3,000

Wages

$6,300

Telephone

$20

Insurance

$400

Electricity

$200

Misc1

$80

Total Expenses

$10,000

Estimated Stock (Additional)

$300,000

Equipment (Included)

$150,000

Net Profit

$5,000

Price

$780,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Picture Framing - Manufacturing - Commercial

Business Code: FQ1131F
Price: $780,000

Key Features: Picture Framing - 31 years same owner City Fringe - Nett $5,000 pw - Corporate

State: NSW

Location: Convenient location near major road and bus-stop in the Inner West.

Description

Manufacturing of commercial picture framing which specialises in all kinds of framing services to corporate customers - no retail customers. - Corporate customers include large hotel chains, art galleries, interior designers, government, agent intermediaries etc. - Uses high quality, fashionable frame mouldings that is trending or in fashion. - High profit margin and profits per order.

Summary

  • Features: Strong reputation in niche market - Solid list of customers with medium to large orders- Excellent margin - Established 31 years. - Not currently open to the public.
  • Potential: Currently no retail - Opportunity for retail shop front to attract walk-in and retail customers - No website, social media, marketing or business development. - Can use digital & other marketing to drive more revenue.
  • Premises: Light industrial site of 400 sq.mts.
  • Trading Hours: 5 days - Mon. - Fri. - 8:00 a.m.- 4:00 p.m. - Closed public holidays & 4 weeks over Xmas. -Flexible hours may be required subject to work flow and orders.
  • Lease: Current lease expires April, 2021 + 3 year option. - Annual increase 3%. - Bond $20k.
  • Employees: 1 owner + 6 fulltimers
  • Sale Reason: Retirement
  • Comments: 2017 turnover was $1.15m. - 2018 turnover is $1.2m. - Vendor expects to achieve $1.3m turnover in 2019. - To organise a meeting or visit please contact your broker. -
    Wages includes super. - Insurance includes Workers Comp. - Misc.- 1 - refers to supplies, maintenance, office admin costs etc.

Disclaimer: Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.

Weekly Summary

Weekly Takings
(inc GST)

$23,000

Cost of Goods

$8,000

Gross Profit

$15,000

Rent (ex GST)

$3,000

Wages

$6,300

Telephone

$20

Insurance

$400

Electricity

$200

Misc1

$80

Total Expenses

$10,000

Estimated Stock (Additional)

$300,000

Equipment (Included)

$150,000

Net Profit

$5,000

Price

$780,000

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The information contained on each individual business for sale has been gathered from the vendor or landlord and/or professional service providers and is believed to be accurate and current as at the date of publication. SBX Business Brokers provides no warranties of any nature are given, intended or implied and prospective purchasers must rely on their own enquiries and should verify the accuracy of information before proceeding.