Robert Barrett
Listing Details
Business Type: Other Education and Children Business
Real estate: Leased
Financial Details
Rent: $3,823
Gross revenue: $100,000
Furnitures, Fixtures, and Equipment: $40,000
Description
A Fabulous Opportunity For Artists. This is a business for an Artist Entrepreneur. The studio has taught thousands of young and old to draw and paint. Their reasons for coming to us are as different as each of them. We accept them all and fulfill their dreams. You are literally a refuge , a place of calm and peace. You become their second home. There are 181 students presently registered, and we can accommodate up to 432 with our present class schedule and staff. Facilities: We are located in a highly populated residential area. There is plenty of on site free parking. The studio consists of a Art Angel studio for ages 4 to 7 . A Junior Artists studio ages 8 to 12 yrs. Teens and adult studios. A Digital computer graphics studio. A summer Outdoor Studio. Present enrollment is at 181 students at average of $ 140.00 per month potential revenue. Maximum enrollment is 432 students. Competition: The studio offers custom framing and prints Geclee prints on canvas etc. for the students as well as to the general public. There are small private artists teaching in their own home studios. We are the largest teaching studio in the area. The Gallery displays guest artists and students work for sale to the public. Growth & Expansion: The studio sells art supplies, custom framing and Geclee wide format printing. A franchising plan for home businesses has been drawn up and new owner can follow that direction if so interested. Financing: $150,000 on completion of sale - finance $35,000 @ 5% per annum 5yr term. Support & Training: Seller will spend two weeks to familiarize the new owner with all operational details. Reason for Selling: I am 80 and it's time to retire, new ideas and energy needed. • Furniture, Fixtures, & Equipment (FF&E): $40,000- Included in asking price • Cash Flow: $100,000 • Lease Expiration: 1/1/2026 • Rent: $3,823 per Month • Inventory: $55,000 - Included in asking price
Location & nearby
This listing is located in Langley, BC V1M 3A5
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Robert Barrett
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