Craft Store for Sale in Grace Bay, Turks and Caicos Islands
Established ceramic arts business in Providenciales with exclusive hotel and retail contracts.
| Established | 20-30 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Limited Liability Company (LLC) |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | 20 % |
| Industries | Craft Stores |
| Locations | Grace Bay |
| Local Time | 5:11 AM America / Grand Turk |
| Listed By | Advisor / Business Broker |
| Status | Moderately Active |
Full Sale
Asking Price:
USD
199 thousand
(Native Currency: USD 199,000)
Reason: Owner is retiring due to health conditions.
No upfront/success fee will be charged from the buyers.
No upfront/success fee will be charged from the buyers.
Includes physical assets worth
USD
199 thousand
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Business Overview
- We are a ceramic arts manufacturing business.
- Experienced ceramic artists help operate the business.
- Business has tie-up with hotels to supply the products.
- It is a niche market space.
- The business has been barely operational for the last couple of years and no significant revenue is being generated due to the owner's health conditions, she has not been able to actively take up orders and fulfill them.
- Expecting a good exponential growth under new ownership as there are many active contracts that yet to be fulfilled.
- An NDA would be first needed to be signed in order to get the financials records of the business.
- The business license of the studio is not a reserved category, eliminating the need for a local partner's participation in the purchase.
- Experienced ceramic artists help operate the business.
- Business has tie-up with hotels to supply the products.
- It is a niche market space.
- The business has been barely operational for the last couple of years and no significant revenue is being generated due to the owner's health conditions, she has not been able to actively take up orders and fulfill them.
- Expecting a good exponential growth under new ownership as there are many active contracts that yet to be fulfilled.
- An NDA would be first needed to be signed in order to get the financials records of the business.
- The business license of the studio is not a reserved category, eliminating the need for a local partner's participation in the purchase.
Products & Services Overview
- Products include ceramic vases, vessels, bowls, trays, tiles etc.- Regular supply contracts with a prestigious hotel business.
- Having strong connections with upscale arts and craft shops across Providenciales, these creations can be found numerous homes and villas on the island.
Assets Overview
Studio equipment includes three computer-controlled kilns, two throwing wheels, custom electric slab roller, pug mill for the recycling of used clay, clay extruder with assorted dyes and a full range of molds and dyes to facilitate high-volume production. Inventory comprising of raw clay, paints and glazes as well as glaze-combination samples and a complete selection of general and specialized tools.
Facilities Overview
Studio is located on 1,500 square feet that spans two floors of industrial leased warehouse space, located in the heart of Providenciales Industrial Hub.
Capitalization Overview
Business is self-funded and ran.No outstanding loans or liabilities.
There is 1 owner, holding 100% shares in the business.
Tags:
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