Seller's Contact Information
- RE: Profitable Fine Art Services Business
- Contact: Keith Marlow
Quick Facts
| Asking Price: | $590,000 | |
| Annual Revenue: | $708,479 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $224,453 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1999 | |
| Employees: | 4 | |
| BBN Listing #: | 942367 | |
| Broker Reference #: | 0873-214197 |
Business Overview:
This 25-year-old business is well-established in the community. It is strategically located w/ convenient proximity to several regions, populated by large concentrations of high net-worth individuals that make up its core customer base. They provide all aspects of art handling services, including installation, transportation, crating/packing, & storing of fine art.
The business has a long-established reputation of trustworthiness and dependability, which its clients expect in the handling of their high-value, sensitive possessions. Approximately 60-65% of revenue is from installation work, with the remaining revenue coming from art storage, packing and crating, shipping and receiving of artworks, and other ancillary art-related services. The business has repeat customers going back more than a decade. The company’s services are in high demand. Most new clients find the company via word-of-mouth referrals from already satisfied clients, which has allowed the company to thrive while doing virtually no advertising.
The reported SDE of $224,453 is the average SDE over the past three years, 2021-2023. The seller had a large project in 2023 that took up a significant portion of his time & and not related to the business. As a result, SDE was $126,351 but was $311,339 in 2022 & $235,671 in 2021.
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Reason for Selling:
Retirement
Additional 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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