Art & Framing Gallery for Sale

Not Disclosed, SD
Minnehaha County

Asking Price: Annual Revenue:
$130,000 $632,158

Retail: Art, Photography, Accessories

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RE: Art & Framing Gallery for Sale Broker: Rey Gonzales

Quick Facts

Asking Price: $130,000
Annual Revenue: $632,158
Net Profit: Not Disclosed
Cash Flow: $91,785
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 1983
Employees: 5
BBN Listing #: 31834955
Broker Reference #: 5401-15218

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Business Overview:

Started in 1983, this Art & Framing Gallery has been a staple in downtown Sioux Falls, becoming the leader for quality art and framing, in addition to offering unique gift items. The business has a top notch staff that handle the day to day operations and is need for a new owner who can bring leadership and direction.

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Property Features and Assets:

The business is housed in a historic building in the heart of downtown Sioux Falls. The gallery utilizes approximately 9,500 square feet. Downtown parking is good, as the business sits next door to a large multi-level parking garage owned by the city of Sioux Falls and right on a roadway that has metered parking. The business currently has a long-term lease in place, with subsequent options. Assets=$130,000.

Market Competition and Expansion:

In business for over 30 years, the business enjoys an excellent reputation, following, and location. They do select marketing in local magazines and host a couple of art shows in the gallery throughout the year. In addition, the business uses social media to highlight events andDirect competition is minimal; however, business has established a large customer base that continues to trust the business with their art, framing and gift needs. Keeps customers abreast of news and offerings within the store. There is good growth potential for a new owner. The business is in the heart of a fast growing downtown, along with a growing and vibrant city. There is growth potential in art, framing and gifts, in addition to other interests a new leader may bring.

Reason for Selling:

Looking to re-enter the workforce.

Additional Details:

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

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