Business For Sale

Art Gallery on PCH in Downtown Laguna Beach

Laguna Beach, CA
Orange County

Asking Price: Annual Revenue:
$120,000 Not Disclosed

Retail: Art, Photography, Accessories

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RE: Art Gallery on PCH in Downtown Laguna Beach Broker: Julian S. Solomons

Quick Facts

Asking Price: $120,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: Not Disclosed
Year Established: 1978
Employees: 1
BBN Listing #: 285831351
Broker Reference #: 20180122AG

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Business Overview:

Laguna Beach is one of the most important art markets in the United States, and this art gallery (1,310 square feet) is located in the heart of it. In the downtown area on California Pacific Coast Highway.

This is an opportunity for a “Turnkey” situation for the right buyer who wants to obtain a Fine Art Gallery as soon as possible. NO construction, NO architect, NO building and/or electrical contractors, NO building permits. All Cable, IPS and Phone lines are pre-wired and ready to go. All that is needed is a City Business License and a California Resale number to OPEN the doors for business. Laguna City Council regulations make opening a new gallery a complex, lengthy and expensive process – this opportunity precludes those issues.

Key Details:

• the building has its own subterranean parking for 50 cars and is adjacent to the largest two-level public parking lot in the city
• there are four other, well-established Fine Art Galleries in the complex, as well as several restaurants. This synergy attracts both tourists and locals and encourages browsing among the various galleries.
• the Gallery has 331 linear feet of display walls
• there are crown and base moldings throughout, and the entire Gallery is fitted with a stainless cable hanging system (as used in museums), therefore there is no need for nails or screws. The entire Gallery can be re-hung in a matter of hours.
• There are 5 moveable walls (with large castors) that are “L” shaped 8’x8’x8”by4’x8’x8”. that are dry walled with Crown & Base moldings. These movable walls are very sturdy and often mistaken for permanent walls until leaned upon as they move slightly!
• There is a “quiet” 10’x10’ viewing room for presenting the Art to prospective clients.
• The diamond ground polished acid stained concrete floor is NO maintenance for foot traffic or events.
• The Track Lights are energy efficient 7.7 wt. LED bulbs throughout - they have saved 75% over the former MR-16 bulbs.
• The Gallery is fully Air-conditioned. and there are ceiling fans to create ambiance and gentle air movement throughout the Gallery.

The LEASE is assumable and expires 12-31-18 at a rate, currently, of $5823.00 per month including CAM. The Landlord’s agent has indicated that they are willing to grant a new lease to a suitable applicant at current market terms. These could be higher than the current rent.

We are seeking offers of $120,000 from suitable applicants to assume the lease and purchase the fixtures and equipment. A fully detailed video tour and descriptive "book" are available for download on application.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

1,310 square feet gallery in a very high level center with other galleries and restaurants. See available video and books for full details.

Market Competition and Expansion:

See available video and books for full details.

Reason for Selling:

Health and other pastures.

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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