Selling my business

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Bobbyleeds
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Joined: Fri 06 Sep, 2019 4:27 pm
Location: Leeds
Organisation: Rnh
Interests: Artist

Selling my business

Post by Bobbyleeds »

I'm looking to sell my small framing business can anyone suggest the best way to advertise and how to price it
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Gesso&Bole
Posts: 951
Joined: Wed 24 Mar, 2010 3:35 pm
Location: Nottingham
Organisation: Jeremy Anderson Picture Frame Maker
Interests: Framing pictures, testing out the latest gismos, and sharing picture framing knowledge
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Re: Selling my business

Post by Gesso&Bole »

Most small framing businesses don’t have any real value as a ‘business’ because the owner is the business. So what you are usually selling is the stock and the equipment.

If you have a regular flow of business that is profitable and would definitely transfer to a new owner (contracted for example) then this would have a tangible value, but probably best sold to an existing framer locally.

Also if you have a website or a shop that is producing a regular amount of business this would have a value.

Perhaps give us some more details and we can advise better. If you don’t want to share that in public by all means PM me and I would be happy to assist.
Jeremy (Jim) Anderson
Picture Framer and Framing Industry Educator
https://www.jeremyanderson.co.uk/
https://www.instagram.com/ja_picture_framer/
JJaston
Posts: 13
Joined: Fri 07 Jan, 2022 4:40 pm
Location: STAINES-UPON-THAMES
Organisation: JJ Frames
Interests: Photography, golf, cooking and carpentry;.

Re: Selling my business

Post by JJaston »

I'm looking at buying a local framer and found them through Rightmove. Some property agents list businesses. There is also a business-specific page called Rightbiz.

This could be something to look into.

As to Gesso&Boles point, valuing a picture framing business is tricky as the majority of what is being sold is goodwill unless you have contracted work that could be transferred to a new owner.
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