Fine Art Gallery w Affluent Clientele - Profitable

Glen Cove, NY
Nassau County

Large Corner Location on Main Road

Asking Price: Annual Revenue:
$439,000 $656,142

Retail: Art, Photography, Accessories

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RE: Fine Art Gallery w Affluent Clientele - Profitable Broker: Moses Shmueli

Quick Facts

Asking Price: $439,000
Annual Revenue: $656,142
Net Profit: Not Disclosed
Cash Flow: $269,628
Total Debt: Not Disclosed
FF&E: $30,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 532926891
Broker Reference #: Not Disclosed

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Business Overview:

Business offers a wide selection of fine art from well-known national and international artists, as well as a unique selection of original vintage posters and prints. In addition, it offers professional consultation, design, framing, installation and delivery services to its residential and commercial clients. The Company’s highly-visible 3,000 Square Feet retail showroom is located on a major road and provides it with an ideal location from which it serves some of the most affluent neighborhoods in the country.

Business Highlights:

• Well-known brand with consistent profitability that has been serving its community for 15 years.
• Highly-attractive, residential and commercial client demographics -- loyal customer base located in some of the wealthiest communities in the country with low price sensitivity.
• High-visibility and large retail store on major road and is ideally-positioned geographically to serve some of country’s most affluent neighborhoods with little-to-no competition.
• Specialization and well-established history has created exceptionally strong relationships with nationally and internationally known artists and highly sought-after publishers.
• Turnkey operation with extensive inventory – makes the business highly attractive to a buyer who desires to establish an instant presence with credibility in this very attractive market.
• Very attractive 10-year lease negotiated at below-market rates.

The Company is currently run by two partners who would like to retire. However, they are receptive to staying on for as long as necessary in order to help transition the business successfully.

Growth and Expansion
Company does not have a strong web presence and does not currently accept online orders. A small investment in an online catalog, order fulfillment system and online marketing would be expected to generate significant growth. Other opportunities include increased marketing to commercial accounts, offering additional highly-popular art genres and increased promotions and events.

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Property Features and Assets:

Sprawling 3,000 Square Feet high-visibility location situated on a major road and is surrounded by one of the wealthiest regions in the country. Lease has an 11-year term and was negotiated at below-market rates according to management.

Market Competition and Expansion:

Little-to-no competition from pure art galleries in its geographic region. In fact, it has identified only one direct competitor who is approximately 25 miles away.

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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