Art Gallery & Interior Design Center in NYC-32975

Not Disclosed, NY
New York County

Asking Price: Annual Revenue:
$1,200,000 $1,983,247

Retail: Art, Photography, Accessories

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RE: Art Gallery & Interior Design Center in NYC-32975 Broker: Jay Goldman
Owner Financing is Available!
$800,000.00 Down & $400,000.00 at 6% over 24 months.

Quick Facts

Asking Price: $1,200,000
Annual Revenue: $1,983,247
Net Profit: Not Disclosed
Cash Flow: $770,465
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 1990
Employees: 3
BBN Listing #: 63414447
Broker Reference #: 32975

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Business Overview:

After 30 years in business, the owner of this full-service, custom interior design provider and art gallery is now ready to sell, but not before imparting his valuable know-how, customer accounts, and vendor relationships to you. He is also open to taking on a value-add strategic partner.It provides services to residential properties and corporate office buildings; gymnasiums; hotels; restaurants, etc. Its fully customizable products include: museum quality framing for fine art, mirror and glass work, closets, showers, backsplashes for kitchen and bathroom, and storefronts. Its consultants work from the drawings and measurements provided by designers and architects. You now have the opportunity to acquire this rare gem at only 1.5 times the owner's discretionary cash flow. Additionally, $75,000 of raw and finished inventory and $75,000 in tools and equipment are included in the asking price. The seller will discuss the unusual, but very favorable lease situation with you, when you meet with him in person. Only 20% of the business generated is location dependent, though that may be changing given the new and increased emphasis on the art gallery. Please do not say anything to the employees or customers when visiting the location, as they do not know it's for sale. Kindly then contact the listing broker, Jay Goldman, if you would like to meet with the seller to get a tour of the facilities and ask some questions. Please contact Mr. Goldman. Please use email reply button of this ad to contact us.

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Reason for Selling:

Other business interests overseas.

Additional Details:

  • The property is leased.
  • The owner is 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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