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Successful Paint and Sip

Louisville, KY (Jefferson County)

Seller Financing Available
Having fun painting and sipping!
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Asking Price: $475,000

Cash Flow: $150,000

Gross Revenue: $700,000

EBITDA: $150,000

FF&E: $75,000

Inventory: $5,000

Rent: $5,200 /Month

Established: 2012

Successful Paint and Sip

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Business Description

Louisville and New Albany Locations Included

Louisville's first paint-and-sip business located in the popular Highlands neighborhood with a second location in trendy New Albany, Indiana. Each studio has a main studio, 2 private party rooms and a full bar. Owner lives out of town and manages remotely. Opportunity for local owner to grow the business further with on-site attention. No art experience needed as there is a team of professional artists already in place! Active social media presence with 2,360 Instagram followers and over 69,800 likes on Facebook! Extensive email database and active social media support from the Corporate Franchise.

Detailed Information

Location:
Louisville, KY
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
5,500
Lease Expiration:
3/31/2020
Employees:
21
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
All furniture, fixtures, equipment and inventory including a mobile studio.
Competition:
The Louisville and New Albany studios are the strongest in the Corporate Franchise network. Local paint and sip competition increased briefly with other national competitors for a time, but several of the competitors have closed due to their high overhead and lack of market penetration. This paint and sip brand is the first and oldest in Louisville with a loyal following and strong sales!
Growth & Expansion:
In-town owner / manager of the business would see growth opportunities as they would be part of the community overall. Additional expansion through "off-site" / mobile program. Additional sales through merchandising and offering other art forms.
Financing:
Seller may finance a portion of the sales price
Support & Training:
Seller will help transition the business to purchaser with training for a negotiable period of time. Seller of these studios also owns the corporate franchise concept (with 14 other studios nationwide) and has a vested interest in making the purchaser successful!
Reason for Selling:
Owner lives out of town and is looking to simplify lifestyle
Franchise:
This business is an established franchise
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Business Listed By:
Frank Hall

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