MergerPlace

Art Gallery-Framing net over $750K

California


  • Asking Price: Not Disclosed
  • Gross Income: $3,183,000
  • Cash Flow: $777,000
  • Real Estate: $2
  • Inventory: $200,000
  • FF&E: Not Disclosed
  • Listing ID: #215280
  • Established: 1982
  • Employees: 4 FT 4 PT 3 Owners

Business Description

Famous art gallery and framing business serving Northern California and national art markets. Owners retiring after 37 years. This business was established before WWII and has long-standing relationships with art dealers, art collectors, interior designers, wealthy clients and the general public. The gallery/shop specializes in the high end of the market, where higher prices make more desirable art – and the frames must be of similar quality and style to fit exquisite art. Many artists exhibit at the gallery in their frequent shows. There are three owners and eight employees. One owner is a salesperson and will stay on. The other owners are CEO and Gallery Manager. Both are available for an extended transition.

Two locations – one is the art gallery and the other is the framing shop. Long-term leases available for both locations.

Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information has been submitted. Please hit the reply button or contact Greg Carpenter greg@mabusinessadvisors.com to receive a confidentiality agreement and learn more about this opportunity.


Business Details

Primary Business Category: Services - Other Services
Location: California

Company Information

Year Established: 1982
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4 FT 4 PT 3 Owners

Financial Information

Gross Revenue: $3,183,000
Cash Flow: $777,000
Inventory: $200,000
Real Estate: $2
Seller Financing Available: No

Property Information

Facilities:

Street retail; leased, 2 locations 3,750 square feet & 3,800 square feet $16,370 & $8,123 total rent includes NNN for each location 9/1/23 – 8/31/28; 2nd location lease term to suit buyer

Growth & expansion opportunities:

Add locations for galleries; serve from this framing shop.

Competition:

Many galleries and framing shops in Northern California

Reason for selling:

Retiring

Support & Training:

Seller will provide training at no cost to qualified buyer. Sellers willing to work as employees for a time.

Contact Business Seller

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Business Listed By:

Greg Carpenter

Certified Business Broker