Paint and Sip E-Studio

United States, Florida

Asking Price: $40,000

Cash Flow: $16,032

Gross Sales: $26,032

Area: ----

FFE: $41,000

Inventory: $500

Real Estate: $0

Established: 2013

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Josias Senior

Business Broker

954-596-8060

[email protected]

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Summary

E-Studio for painting gathering. The only one of its kind

The business began operations in 2013 as a Paint and Sip Studio. As of 2015, they had two locations in Broward County, Fl. From the beginning, they had a robust website for marketing purposes. A Paint and sip business brings groups together for painting lessons, usually in the studio. It’s a fun way to gather for any celebration or corporate event. It has been trendy in recent years. As a result of the restrictions in operations 2020, the seller promoted, through the website, virtual and offsite events, being able to host over one hundred events that year. Consequently, he decided not to renew the lease contract for both studios, turn the webpage into an “E-studio.” and focus on offsite events. The seller currently has two painting instructors interested in continuing to work for a new owner. This home-based business can be run on a part-time basis Because of a new professional project that needed his full attention, the seller, who is not a painting instructor, decided to sell the E-Studio. He will assist a new owner for two weeks for a smooth transition.

Detailed Information

Sub-Category: E-Commerce

County: Miami Dade

Employees: 0 - Full-Time, 2 - Part-Time

Facilities: Online business

Relocatable: No

Home Based: No

Market Notes: An E-Studio has multiple benefits, such as: • Saving on rents and expenses related to the studio. These savings allow lowering the selling price. • Convenience. Customers can find what they need at any time, from anywhere. Business is open 24/7 • Scalability. A physical studio limits business operations to a specific geographical area. With no geographic limitations, the services are available to customers worldwide. • Affordable and Effective Marketing. Search engine marketing, organic and paid social media ads, and email marketing allows to reach a segmented market for a lower cost than traditional marketing methods. Since they are an independent brand not restricted to pre-established models, they can customize the events to the client's needs; this results in a more personalized experience.

Growth Notes: You can host many events, from birthday parties to corporate events. Huge growth potential awaits.

Support Training: The seller will train for two weeks at no cost to help with a smooth transition

Financing Terms: $10,000, 12 month @ 8%

Reason for Selling: New professional venture

Inventory Included: No

Is Franchise: No

Lender Prequalified: No

Absentee Owner: No

Selling Financing: No

Is FEE Included: Yes