↩ Go Back
Need help?

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 1:56 PM America / Grand Turk
Listed By Advisor / Business Broker
Status Recently Active
Overall Rating
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.
Includes physical assets worth USD 199 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
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.

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.

Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business

7 Buyers viewed this Business this month.
Register below to connect now!

Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
You might also be interested in these businesses

    Frequently
    Asked
    Questions

    • Why can’t I see the business’ name or contact number? How do I contact the business?
    • What level of due diligence does SMERGERS conduct on the businesses/member?
    • How active are the business profiles listed on SMERGERS?
    • How does SMERGERS rate business profiles?
    • Do I need to pay to connect with a business?
    • Show more