Overview


The owners of The Hall of Frames are retiring and seek a buyer for the business and the real estate it occupies. This is a unique opportunity to acquire a turnkey custom picture framing business including all required equipment, inventory, workspaces, showroom, and an established supply chain.The business has been in continuous operation for over 50 years and has a premier reputation with limited competition serving Staten Island’s population of half a million people.  Current owner has done very little marketing in recent years and there is significant growth potential. Owners are flexible on the financial structure of a deal, and are willing to provide assistance with transition and in retaining customers. 


Profile

  • 50+ Years in business

  • Offerings

    • Custom picture framing 

    • Custom Plaques

    • Art & photo restoration 

    • Sports jerseys, mounted and framed

    • Shadow box framing

    • Gifts

    • Design & create customized plaques, posters, awards with framing for local museums, colleges, non-profit organizations, charities 

  • Great location

    • Easily accessible from both North and South Shores of SI

    • Private parking lot on Crist St.

    • Near SIR train and multiple MTA bus routes

  • Clientele 

    • Business serves both retail and commercial customers

    • High percentage of repeat customers

    • After 50+ years in this business, many of our customers remember being in our store as a child with their parents or grandparents.

    • Partial list of repeat customers

      • Wagner College, Brooklyn College

      • Columbia University

      • New Jersey Institute of Technology 

      • Staten Island Museum

      • Jacques Marchais Museum of Tibetan Art 

      • Historic Richmondtown Restoration 

      • Staten Island Chamber of Commerce

Inventory 

  • Mouldings 

  • Artwork - both framed and unframed

  • Gift items


Equipment

  • Chop Saw with 6’ extension support wings

  • Chopper

  • Joiner

  • Matte cutter

  • Heat mounting press


Competitive Landscape

  • Other custom framing businesses on Staten Island

    • Island Collectibles 349 N. Burgher Ave, 10310

    • Michael’s, 30 Barrett Ave, 10302

    • Cape House Gallery, 7440 Amboy Rd, 10307

  • Recent/imminent closures

    • In 2022, Island Art closed

    • Heritage Art is rumored to be closing this year, or early next year

  • Pricing relative to Michaels and any other mass marketed offerings

    • We don’t try to compete with Michaels, although we find that at times our prices are lower

    • Our customer base has been built from referrals and word of mouth, and the quality of our work, rather than price competition

    • Our motto for many years has been “We fix Michael’s framing jobs”


Real Estate

  • Description of Property

    • Borough of Staten Island, Block 3162, Lot 0002, 75’ X 100’

    • Corner property, Clove Road and Crist St

    • 2 story frame building, 25.2’ X 46.15’ with 1 story attachment, 5.7’ X 8.2’, wooden deck 1,500 sq ft, full basement, 

    • Main floor - 1,050 sq ft. currently houses business 

    • Basement - 1,000 sq ft.

    • 2nd floor apartment - 1,000 sq ft.,  5 room, 2BR, 1 Bath

    • 2 Car garage, concrete and brick, 21.3’ X 23’

  • Zoning

    • Legal 2 family with mixed use, commercial and residential

  • Appraisal

    • Property appraised in 2023 at $810,000

  • Residential rental opportunity 

    • The top floor has the potential to rent for more than $2000 per month

    • Located 1 block from SIR train and MTA buses - 10 minute ride to the Staten Island Ferry

  • Commercial rental opportunity 

    • Suitable for a law office or other professional practice

    • Suitable for a retail establishment

    • Current average rental price for retail space in Staten Island is $36 per sq. ft.

    • The main floor has the potential to rent for more than $3000 per month.

  • Garage rental possibility

    • 2 car garage has the potential to rent for more than $200 per month


Please contact us for more information!