Top Art Gallery
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $1100000
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2006
Number of Employees 4 - 5
Inventory Contact for financials.
Relocatable Not Disclosed
Number of Employees 4 - 5
Real Estate Leased
Training Seller will train for 2 weeks at 40 hours per week.
Reason for Sale Seller's have another opportunity they can't refuse.
Description If you appreciate fine art and have a flair for selling it, this business is for you. The location is perfect, the staff is highly trained and dedicated, the art is carefully selected and very saleable. Many of the artists represented have their works displayed at galleries around the world. This gallery has such a fine reputation that it commands much higher than average mark ups on many of the pieces that it sells. This business is open daily year round and serves customers from around the world from this top tourist destination.
The staff is multi-lingual and can assist clients speaking a variety of languages, including English, French, Spanish, and Mandarin. It has an outstanding web presence as well with two very well ranked web sites included with the business. The current owner has taken on a new, demanding business opportunity and just will not be able to give this business the attention that it needs going forward. His partner has family obligations that make it impossible for her to dedicate the additional time to maximize the potential of this business. Inventory includes 500,000 of art owned by the gallery plus hundreds of thousands more in consigned art.
Staff includes two full time sales persons, one of which is the gallery director. Each has a $2,000-3,000 base plus a commission structure based on total gallery sales. The rent for this 3,000 sq ft gallery is competitive for the very prestigious location and in the works to undergo a price reduction. Contact for more information on this Art Gallery for sale.
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