Selling my business
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- Posts: 10
- Joined: Fri 06 Sep, 2019 4:27 pm
- Location: Leeds
- Organisation: Rnh
- Interests: Artist
Selling my business
I'm looking to sell my small framing business can anyone suggest the best way to advertise and how to price it
- Gesso&Bole
- Posts: 992
- 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
- Contact:
Re: Selling my business
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.
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/
Picture Framer and Framing Industry Educator
https://www.jeremyanderson.co.uk/
https://www.instagram.com/ja_picture_framer/
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- Posts: 14
- 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
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.
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.