Location: New Jersey
Industry: Entertainment and Recreation
Listing ID: 10142020
DIY community woodworking classes in NJ. Well-equipped and highly profitable Woodworking shop! Surrounded by a bustling community full of eateries, bistros, bars and funky shops. It has a strong market presence and excellent name recognition, of which has been trademarked along with their logo. They offer a variety of classes, private lessons, and open studio times to makers of all skill levels. Sessions are guided by craftspeople in various trades, including furniture makers, woodworkers, contractors, and do-it-yourself enthusiasts.
The studio occupies a 1500 sq. foot warehouse loft and truly is a turnkey business – established in 2016 with an average year over year growth of 45% and projected at 5.07% growth from 2019 to 2020, despite being closed from March-June 2020. It is being sold with all FF&E ($40k+ in power tools) as well as all inventories.
They currently have 1,100+ Facebook followers, an Instagram account with over 4,700 followers, Pinterest traffic ranging from 50-80k views per month and exceedingly high volume of monthly online visitors to their website. This business can be scaled to greater revenue & profit levels with a new owner that can take it to the next level! They were also rated and awarded one of the top local businesses in their state by Top Rated Local®, which is calculated by aggregating customer ratings/reviews from verified review sites online.
Owner is looking to pursue other interests and is motivated to sell!
Gross Revenue: $218,000
Cash Flow: $97,000
FFE: $40,000 (Included in Price)
Inventory: $2,000 (Included in Price)
Reason For Sale:
Pursue other interests
Training & Support:
Year Established: 2016