Location: Denver Area
Industry: B2C, Construction, Residential, Commercial
Listing ID: 731772
Retiring Seller Offers Generous Financing!
This is a high-profit, stable, relocatable home-based business – with seller-financing offered! It’s one of Denver’s best residential and commercial artwork installation businesses.
The business regularly returns a 45%+ operating pre-tax profit! It serves Colorado’s Front Range area from Ft. Collins in the north to the southern suburbs of Denver and into the mountains from Glenwood Springs south to Aspen and Vail.
Repeat business is about 85% from referral sources that have worked with the company before. It consistently gets 5-star reviews on Google and Facebook. Its business is mostly residential installations of pictures, heavy mirrors, as well as other kinds of artwork and sculptures. They also occasionally handle large commercial installations.
The business employs its owner and three to six independent contractors but could be expanded easily expanded in this economy.
This business has all the characteristics needed, in fact, to maintain its long-term value to any new purchaser. For the “right” buyer, this is the “right” business!
It’s attractive work. It has a strong market position. It can be run and managed from anywhere a new owner wants it to be. It has working systems that obviously work. It’s stable. The owner has good books and records. And, finally, it’s being offered with generous seller financing to make it easier to buy.
Ideally, this business is suited for a new owner with a carpentry and/or picture framing background, mixed with business management and marketing. A background in, and strong appreciation for, the visual arts and interior design in both residential and commercial applications would also be helpful. But, the retiring owner is also willing to train a new owner as needed.
Down Payment: $90,000
Total Sales: $300,000
Cash Flow: $137,500
FFE: $15,000 (Included in Price)
Terms and Conditions?:
Generous Seller Financing Available
Reason For Sale:
Training & Support:
Seller will be available to train and assist new owner as needed.
Year Established: 2011
Non-Owner Payroll: $97,500
Employees: One owner/operator with 3-6 Independent contractors
Pros: There are really just two direct competitors for this business. Both are very small firms. Picture hanging is something that most galleries offer, but really don’t want to do. Almost an invisible niche. Suited for a person with contractor skills and an appreciation of the visual arts. The reason that galleries don’t like to offer picture hanging is because, as a “one-off” effort, it’s not profitable. Doing it full-time is very profitable.
Pros: Stable, independent contractors in place, seller-financed, relocatable, home-based, high repeat business, established referral relationships, great community (Denver suburb!), easy lifestyle.
Cons: COVID-19 unknowns.
Anticipated Seller Note: $275,000 / 5.0% / 7 years. Monthly payment off $3,887. Balloon payment due at the end of 3 years.
Anticipated Bank Note: No bank financing anticipated
Down Payment: $90,000
Working Capital Needed: $30,000