Art Gallery - Inuit And First Nations Art
Location British Columbia,Canada
Asking Price Range $500K - $1.0M
Gross Revenues $305000
Net Profit / Cash Flow $7500
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1969
Number of Employees 1 - 3
Inventory 735000
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training Seller to provide training for successful transition.
Reason for Sale Retirement.
Description The gallery are specialists in Inuit and Northwest Coast First Nations Art and have one of Canada's largest and best collections of Inuit carvings, wallhangings, graphics, masks, plaques, and paddles. The collection is believed to number more than 4,000 pieces of carvings and original art. The business was founded 39 years ago in Vancouver by its current owner and has operated continuously with the last fourteen years at it current location. Over the years, the business has established a reputation as specialists in original Inuit art and has attracted a wide following of individual and corporate customers. In recent years, the owner has been gradually reducing the retail exposure of the business but has maintained its impressive inventory of carvings and other works of art and now seeks retirement. The new owner, bringing energy, passion, and marketing skills could acquire the business for an amount equal to the value of its current collection, and leverage the company's reputation and the burgeoning Inuit art market through 2010 and beyond to realise a significant return on the original investment in the business.
Asking price $750,000. Email or phone 604-626-7414 for more information on this Art Gallery for sale.
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