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- RE: 7 Fine Arts - Turn-Key Art School & Gallery
- Contact: Bob Dunphy
Quick Facts
Asking Price: | $50,000 | |
Annual Revenue: | $81,952 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $25,148 | |
Total Debt: | Not Disclosed | |
FF&E: | $5,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2013 | |
Employees: | 1 | |
BBN Listing #: | 326135879 | |
Broker Reference #: | 6842-284264 |
Business Overview:
This business is an art school, gallery and event space with the flexibility to host classes, birthday parties, weddings, art openings and sales of artwork and materials. It specializes in teaching drawing and painting to aspiring artists ages 4-Adult. The classroom/gallery space is flexible and designed to change with each season. It also can be used for portrait commissions, open mike nights and other events and is a community spot for creativity.It was created with, and because of, community demand. It started at a kitchen table with one student and has grown to be a warm, beautiful environment for classes, events, and much more. The studio is surrounded on all sides by schools and parks so there is a lot of walk by traffic of potential customers. The business has grown through consistent local marketing, word of mouth and repeat business from very happy students and parents. It has very strong Yelp! and Google reviews which are a key to their success. Marketing channels include local flyer distribution, posters, direct mail and web-based marketing. They also participate in numerous community events each year.
Growth opportunities include more weekday classes in both the morning and afternoon and adding weekend classes. There also is potential in birthday parties, bachelorette parties, art sales, community events and gallery and private rentals.
The space is 500 square fee and the rent is $2,200/month. The current lease is month-to-month but the landlord is open to a longer term lease.
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Reason for Selling:
RelocatingAdditional 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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