Loading Contents...

Raleigh Durham - Wake County NC

  • Listing No.: 209-00009

  • Category: Leisure/Entertainment

Asking Price $175,000.00
Down Payment
Gross Revenue $57,000.00
Total Adjusted Net Income $30,000.00
Equipment / Fixtures $3,000.00
Year Established 1997
General Location Raleigh Durham - Wake County NC
Print This Listing

Profitable 30 Years Established Art & Instruction Studio for sale in Raleigh Durham - Wake County NC. The Studio is in a great location with a great lease in one of the most popular areas of the country. The seller is  ready to retire and is willing to stay on to help new buyer get going. The studio has a very long and dedicated clientele list which the seller is willing to give to the new buyer along with training the new buyer with all of her trade secrets and best practices. The studio comes with a fully functional website which is how most clients sign up for instruction. The studio comes fully equipped with supplies and tons of ongoing loyal clients. Currently the seller only works about 20 hours a week but says the new buyer can open as much as they want.

Gross Revenue $57,000.00 Listed Price $175,000.00
Total Income $30,000.00 Down Payment
Base Rent $1,800.00 Square Feet 1200
Total Rent $1,800.00 Lease Expiration 2/2022
Rent Deposit $1,800.00 Lease Options 1/3
Inventory $1,000.00 Leasehold Improvements $2,500
Equipment / Fixtures $3,000.00 Other Assets
Full-Time Employees Training Period 2 Weeks after closing date
Part-Time Employees Special License Required
Contract Staff Reason for Selling Wants to retire after 30 years in business

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.