MergerPlace

Art Lovers Once in a Lifetime Oppty!

Minnesota


  • Asking Price: $215,000
  • Gross Income: $392,684
  • Cash Flow: $20,256
  • Real Estate: $150,000
  • Inventory: Not Disclosed
  • FF&E: $22,000
  • Listing ID: #200244
  • Established: 2001
  • Employees: 10 PT

Business Description

Award winning multi-disciplinary art gallery and gift shop. Building is included in the asking price and is well maintained. Space is able to be reconfigured for a new owner, but current space has ample room for operations. Included are all furniture and fixtures required for the ongoing operation of the business. New owner will have passion for the arts and music. This business provides gallery space, hands on arts instruction and sales of merchandise. The population is growing around this company, and as the population grows, so will the demand for its services. Various art venues are scattered around this business, but none offer the plethora of products and services combined with a well established art community. This business has a consistent, long-term marketing strategy. It also has relationships with businesses nearby to increase foot traffic synergies. An expansion of activities and marketing to new groups could increase customer base. Additionally, different marketing techniques may reach new customers. Because this business is a recognized and established art center, new approaches could bring current customers in more often.


Business Details

Primary Business Category: Amusements, Entertainment, Other
Location: Minnesota

Company Information

Year Established: 2001
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 10 PT

Financial Information

Asking Price: $215,000
Gross Revenue: $392,684
Cash Flow: $20,256
FF&E: $22,000
Real Estate: $150,000
Seller Financing Available: No

Property Information

Facilities:

Building is included in the asking price and is well maintained. Space is able to be reconfigured for a new owner, but current space has ample room for operations.

Growth & expansion opportunities:

An expansion of activities and marketing to new groups could increase customer base. Additionally, different marketing techniques may reach new customers. Because this business is a recognized and established art center, new approaches could bring current customers in more often.

Competition:

The population is growing around this company, and as the population grows, so will the demand for its services. Various art venues are scattered around this business, but none offer the plethora of products and services combined with a well established art community.

Reason for selling:

Current owner wants to retire.

Support & Training:

Will train for 2 weeks @ no cost. New owner will have passion for the arts and music. This business provides gallery space, hands on arts instruction, and sales of merchandise.

Contact Business Seller

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Business Listed By:

Jacob Petersen

Murphy Business Brokers