Summary: 
Individuals, corporate events and birthday bashes enjoy wine and learning something new!
Business Type: 
recreation
Business Type: 
leisure
Location: 
Nebraska
Price: 
$149,000
Sales Revenue: 
$212,650
Cash Flow: 
$48,944
Realestate Included: 
No
Inventory: 
$1,000
Internal Listing:: 
REC008
Reason for Sale: 
New business venture

Individuals, corporate events and birthday bashes enjoy wine and learning something new with a paintbrush at this beautiful built-out studio and event space. Classes, parties and teambuilding events are offered in one of the hottest modern developments in town with hours of operation from 3:00 to 6:00 Tuesday thru Sunday. The current owner works only part-time doing marketing, management and website upkeep. This non-franchised business contracts with artists, assistants and interns to teach all the classes. The extensive client list includes repeat individual customers as well as a corporate contacts. A buildout over $30,000 was performed to make this a beautiful event space to gather.

Revenues are steady at over $200,000 per year, with 93% of income from painting sessions and the other 7% from wine sales, space rental, art sales and gift certificates. Additional growth opportunities include booking larger gatherings and acquiring more clientele by strategically working with other larger venues for on-location classes. Profit margins of 23% mean a new owner would do quite well working only three hours a day!

Financial Overview
List Price: $149,000
Gross Sales
2014: $212,650
Painting Sessions: $198,088
Individuals, small groups, birthdays, corporate events
Wine Sales: $4,025
Art Sales: $7,384
Gift Certificates: $2,868
Space Rental: $285
2013: $212,164
Owner Profit/Cash Flow
2014: $48,944
2013: $48,532
Growth/Sales Trends: Extremely consistent
Profit Margin: 23%
Multiple: 3.1
Valuation: Cash Flow x Multiple = Fair Market Value
$48,944 x 3.1 = $151,726
Discounted List Price: $149,000

Assets Included in Purchase: $6,000
Equipment: $5,000 (Signs, tables and chairs, over 50 table top easels, display shelves, wine cooler and wine rack, Dell and HP computers, HP laptop, 3 printers, surface tablet and more!)
Inventory: $1,000 (Easels, canvas, paint, paintbrushes, aprons, gift bags)
Buildout/Startup: $30,000

Business Information
Location and Service Area: Centrally located in Omaha, NE in busy shopping area
Capacity: 35-45 per session on-site, larger groups off-site if needed
Lease: $2,816/month for 2000 sq ft
Reason for Selling: New business venture
Employees: 1099 contracted artists and artists’ assistants that do all the teaching
Hours: Tues-Sunday 3:00 pm to 6:00 pm
Seller Training Period: 90 days
Growth Opportunities: Corporate team building
Current Owner’s Responsibilities: Working part-time: management, marketing and website upkeep
Profit Opportunity: Do not provide a free drink with each session – costs were $9,000 more than the profit

Funding Example
Purchase Price: $149,000
20% Buyer Down Payment: $29,800
20% Seller Financing: $29,800
60% Bank Loan: $89,400

Next Steps
For a detailed financial package, please contact Cortney Sells or one of The Firm Business Brokerage’s professionals at 402.998.5288 or email Confidential@TheFirmB2B.com.

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