Retail - Miscellaneous Retail | Services - Museums, Art Galleries, Zoos

Asking Price	$320,000	Inventory
Gross Income	$611,472	Real Estate
Cash Flow	$73,224	Year Established	2002
FF&E	N/A	Employees	5-7

* included in the asking price

** not included in the asking price

Our client is a leading fine arts, painting and prints gallery in the Central Virginia area which represents hundreds of local and regional artists. Private Collectors Art Consultants Corporate Consultants Architects Interior Designers Business and Government

Facilities: They currently occupy a 20,000 sqft space.

Competition: The business model has proven to be very profitable through the recent downturn and is poised for further growth as business returns to more traditional levels. It has strong recurring revenues supported by client contracts. The business offers a great opportunity for artists looking for a unique and profitable business. For art gallery owners looking to leverage existing relationships and expand their brand, this Company provides a very profitable acquisition opportunity.

Growth/Expansion: Further develop and create awareness for event/space rental business the space allows for potential of large corporate or social gatherings. The Owners have already begun to tap into this niche and believe further development exists. Develop relationships with local college art programs to build out art class space rental. Increase marketing efforts to potential art buyers and enthusiasts to push commissionable sales from the gallery.

Financing: Owner is willing to hold note for a portion of selling price

Support/Training: Owner will stay through a reasonable transition period

Reason Selling: Health issues