Art Gallery And Frame Shop
Location Washington,United States
Asking Price Range < $250K
Gross Revenues $150000
Net Profit / Cash Flow $33000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1982
Number of Employees 1 - 3
Inventory 175000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training 60 to 90 days.
Reason for Sale Health concerns and to pursue other desires.
Description Well established fine art gallery in Downtown Theater District amongst increasing condo development. Close to museums, major hotels and convention center. Host city to Tall Ships in July, 2008. This is a beautiful well laid out gallery space with high ceilings, movable walls, flexible hanging system, superb lighting and monitored security. The back includes a frame shop, large design area, office and ample well built storage space for customer's and artists' work. Further back is a nice sized kitchen area and restroom. The gallery has a fine reputation in the art community (voted Best Gallery, 2007 by a local newspaper's readers) and excellent working relationships with many consignment artists and it works with a number of prominent publishers. Sale to include a variety of excellent, marketable gallery owned art inventory, both framed and unframed. The gallery features original paintings, original graphics, glass art and sculpture. The frame shop has a good customer base of loyal, repeat customer.There is a small amount of time remaining on the current lease at a very good rate, with the landlord willing to negotiate a new lease with new owners. The owner is retiring after twenty five years to address health concerns and to pursue other desires. This is an excellant opportunity for someone with vision, enthusiasm and good networking skills. The owner is willing to work with a new owner for a short period to help bring about a smooth and successful transition. Only serious inquires only, please. Contact for more information on this Art Gallery And Frame Shop for sale.
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