Massive Art Center in Manhattan Available

New York, NY
New York County

Asking Price: Annual Revenue:
$500,000 $191,916

Retail: Art, Photography, Accessories

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RE: Massive Art Center in Manhattan Available Broker: Eric Mendelsohn

Quick Facts

Asking Price: $500,000
Annual Revenue: $191,916
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $30,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 8
BBN Listing #: 537335879
Broker Reference #: 6842-562047

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Business Overview:

Priced to sell this an outstanding opportunity to own an approximately 13,000 square foot three-level art gallery business in the heart of Tribeca. Having only been opened for a year, this growing art gallery just had its best month in February 2020 with $57k in sales. A five-year lease with a five-year option presents an opportunity to grow the business. The art gallery consists of three levels, which includes a white box gallery, art center and art storage. Two entrances make this art gallery easy to locate. An email list of over 60k and popular website await the owner. This sale includes a bustling café business and all equipment (valued at 200k) including computers. The area of Tribeca is filled with art galleries and has become NYC’s new art scene. Current owner is selling as the gallery is in need of a new owner who is operational and can take the business to the next level.

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Reason for Selling:

Other business interests.

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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