Great opportunity to start a custom picture framing shop or for an existing framer to expand with minimal investment. Turnkey, fully equipped operation. $35,000 in inventory, a customer list, and 44 years of goodwill. Use of FF & E with replacement value of more than $70,000 included in rent, to accrue to 100% ownership at the end of 5 years. Retail and commercial framing is done easily in 5,700 sf free-standing building with a large showroom and three workstations. With high visibility and traffic count, this location serves towns of Canton, Westwood, Walpole, Sharon, Dedham, Milton and more. Previous owner averaged annual sales of $500,000 w/store open 6 days/week, limited advertising and no promotions. Equipment: 3 Pistorius double miter saws, 2 Cassese CS200 underpinners, and a 4' x 8' Drytec mounting press, a Valiani computerized mat cutter, 2 Fletcher cardboard/glass cutters, 1 dust collector, 12 framing vises, a Canon 44" large format printer, computers.
258 Dean Street, Norwood, MA, 02062
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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