LISTING DETAILS
Listing Status: New
Asking Price: $195,000
Total Sales: $436,765
Cash Flow: $84,838
Real Estate Asking Price: N/A
FFE: $89,928
Inventory: $37,000
FFE Included in Sale: Yes
Inventory Included in Sale: Yes
Real Estate included in Sale: No
Year Established: 1997
Employees: 3
Description
Business Summary:
Unique opportunity to own a digital printmaking studio that specializes in art reproduction, large format printing, and art and artifact digitization. The business combines an artistic sensibility with industry-leading technology to create museum quality archival prints. As one of the original purveyors of digital fine art prints in the DC metro area, the business is closing in on nearly 30 years of serving the community. The core customer base consists of museums, government agencies, corporations, galleries, artists, and photographers as well as hobbyists and end users. A majority of the client base is located within a 100 mile radius of their Northern Virginia studio with ~10% of our active client base located elsewhere in the United States or internationally.
The business provides a full range of digital fine art printing services. All of the main services are performed in-house or at the client’s location. The primary services offered include: Art and Artifact Reproduction, Art Photography / Image Capture, Fine Art Paper Printing, Fine Art Canvas Printing, Canvas Stretching, Digital Photo and Artifact Restoration, Digital Art and Photography Printing, Film Scanning, Large Format Printing, and Digital File Editing/Optimization. Mounting and Framing services are referred out to partner companies as needed.
The business has a stellar reputation in the local art community, among government contract administrators, and in the broader online community. The dedicated team is known for providing work that is of exceptional quality with a high level of attention to detail. This commitment to quality is backed up by outstanding customer service and reliability. There is an established website in place with a high trust rating and an average of 24K new visitors each year. The business also has very high ratings on a number of popular online review platforms.
Description of Facilities: The business operates out of a 2400 square foot space that is leased for $4,841/month. The studio is located close to major highways in a densely populated part of Northern Virginia surrounded by mixed-use retail and residential areas. There is ground level space that occupies approximately half of the building, front to back. The storefront has a large window and glass door facing a prominent street in the community. Open front workspace includes printer area, art and print storage, client consultation space, and 2 employee workstations There is open office space for two employees along with an office space/art photography area. A back workspace for canvas stretching also includes a mop sink. There is parking for two cars in a lot near the back entrance. The space has an HVAC system that is separate from the rest of the building and an enclosed, vented varnish room. There is a kitchenette and 2 bathrooms as well.
Competition: There is limited direct competition in the market including from some online printing platforms, local commercial print labs, and other regional digital fine art printers. The business has been established for nearly 30 years so it has carved out a healthy niche in the marketplace for the services they provide.
Growth & Expansion: There is room for the next owner to grow and expand the business. The primary customer acquisition channels are from referrals and word of mouth along with some online advertising. A dedicated salesperson could have a significant impact on sales. The business does not currently offer mounting or framing services for paper prints as those services are outsourced, but bringing them in-house could increase revenue. There is also room for the business to grow into retail print sales, print publishing or even operating a gallery space.
Seller Financing Available: Yes
Seller Financing Terms: Available depending on the final purchase price, terms and qualifications of the buyer.
Reason for sale: The owner would like to pursue other opportunities and spend more time with family.
Training & Support: Seller will provide the necessary transitional training and support.
For more information on this listing, please complete our Non-Disclosure Agreement
