This home-based manufacturer currently creates and sells a uniquely designed line of pottery made from concrete, mostly at weekend art markets and festivals. Most of its pieces are, indeed, art sculptures. The owner has also chosen a clever business brand name that could be used with many other types of products. That makes this business opportunity highly scalable. The owner will train a new owner. No prior experience is required.

Today, over 90% of this company’s sales are direct-to-consumer interactions at in-person, mostly weekend, art market and festivals. There is also a good pool of part-time independent contractors to hire to man the shows, minimizing the time the owner needs to spend at shows. The business also has four wholesale clients in the Denver area today.

This is an ideal acquisition for an artist and/or crafter with wholly new design ideas, or someone who wants to learn this craft. The current owner founded the business in 2020 to accommodate her family needs at that time. She had no prior experience. She now wants to take some time off to consider starting a new business and a move out of the country to better fit her changing situation. She is, however, offering generous seller financing, will sign a non-compete agreement, and is willing to train a new owner.

The pottery is hand-crafted using molds to form the concrete. Concrete is an extremely versatile material and can be used to create sinks, countertops, tables, sculptures, wall art, garden ornaments, figurines, or anything that can be molded. This business is run out of the owner’s home using a space of a single-car garage.

The owner’s seller financing offer of $70,000 will require the personal guaranty of the buyer, a 1st security position not subordinated to a bank loan. The asking price of $127,500 does not include the variable inventory for resale, which will be valued at the lesser of cost of wholesale at the closing.

For that reason, a buyer will need $57,500 for the proposed down payment, as much as $14,500 (+/-) for inventory, and an estimated reserve of about $25,000 in working capital. The buyer will then be assuming a seller note of $70,000 at 7% annual interest, with a 10-year term, but with a 3-year balloon payment due so that the buyer may refinance the business at that time.

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