Retail - Miscellaneous Retail

Asking Price	$300,000	Inventory
Gross Income	$445,500	Real Estate
Cash Flow	$90,000	Year Established	1995
FF&E	N/A	Employees	15

* included in the asking price

** not included in the asking price

Opportunity to own your own Paint-your-own-Pottery studio

Paint-your-own-pottery studio for sale on the main street in the heart of downtown Summit, NJ. Studio established in 1995 and sales continue to grow. In addition to in-studio business and summer camps. the studio is engaged in teaching after school art classes in 15 local area schools. The business is a franchise. It has the top sales of all the east coast studios and is number two in sales for all of the franchise studios.

Facilities: The studio is very large with over 2000 square feet of space. It seats 90 customers and has 4 working kilns. The space is rented and there are 2 years on the current lease with an option to renew. The business has been in the same location for 13 years, and the street is the main avenue in Summit with lots of walk- by traffic. There is free customer parking in a garage right behind the studio. The facility is beautifully maintained and has a large basement for storage.

Competition: The competitive position of this studio is outstanding. The one major independent competitor in Maplewood closed several months ago. One other business that was somewhat comparable in Berkeley Heights also recently closed. The studio size is double most of the similar facilities located further away, and the clientele travel from far away to paint in this store. Patrons come in from as far as Newark and Montclair; and established business from Summit, Short Hills, Chatham, and Westfield is solid.

Growth/Expansion: This studio can continue to grow its well established after school teaching program as well as highly-successful summer camp. It can also add new products such as glass-fusing.

Support/Training: I would be willing to work with a new owner for several months and do on- site training as needed (glazing, point- of-sale system), etc. I have two managers on staff also. However, if you did not need the managers, the cash flow would increase by $45,000.