25 Year Successful Aspen Art Gallery

Aspen, CO Pitkin County

Asking Price: $1,200,000

Annual Revenue: $1,784,600

Retail: Art, Photography, Accessories

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RE: 25 Year Successful Aspen Art Gallery
Contact: Charles Spickert,

Owner Financing is Available!

The Seller will entertain offers of varying financial and legal structures.

Quick Facts

	Asking Price:	$1,200,000
	Annual Revenue:	$1,784,600
	Net Profit:	Not Disclosed
	Cash Flow:	$488,863
	Total Debt:	Not Disclosed
	FF&E:	$10,000
	Real Estate:	Not Disclosed
	Year Established:	1999
	Employees:	2
	BBN Listing #:	939232
	Broker Reference #:	202404

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Business Overview:

Well-known western heritage vintage photography and contemporary art gallery located in Aspen is now for sale. This gallery is well established at the forefront of the art scene with a very loyal local and national clientele attracted to this highly visited area. In business for over 25 years, this business has an extensive customer list that is mined via regular email communications. The business provides a vital connection for its customers to featured western heritage artists. The owner will support a smooth transition with an ongoing consulting role. Opportunities exist to expand the business with a larger store and increased social media and ecommerce. This business would be a super acquisition for someone with energy and artistic vision to continue the growth of this lifestyle business. Purchase price includes furniture, fixtures & equipment, inventory and training/transition assistance from the existing owner. SDE has been adjusted to include higher expected rent in moving to a larger retail location.

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Property Features and Assets:

The business currently occupies 497 sf of leased retail showroom in Aspen. The owner is negotiating a new lease in a larger space to accommodate growth of the gallery.

Market Competition and Expansion:

Competition: Little direct competition and there is always a market for great art in the wealthiest zip code in the country!

Growth and Expansion: A larger gallery space will allow additional featured artists. Growth can also come from modernized e-commerce website, social media and directed marketing.

Reason for Selling:

Retirement

Additional Details:

The property is Leased.
The owner is willing to train/assist the new owner.
This is not homebased business opportunity.
This is not a franchise resale opportunity

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