Art Gallery

Wilmington, NC (New Hanover County)

Art Gallery

Asking Price:$249,000

Cash Flow:$149,000

Gross Revenue:N/A

EBITDA:N/A

FF&E:$62,000

Inventory:$175,000*

Established:1996

*not included in asking price.

Art Gallery

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Business Description

This art gallery opened by current owners in 1996. They saw the need to expand and moved their location in 2000. With the expansion came an addition of other creative venues to compliment their mission to making fine art accessible to not only established collectors but other individuals who would not normally realize they too can collect. They now showcase a broader variety of ceramics, glass, paintings and jewelry and constantly add new works and artists to display including several international ceramic artists. Their market includes Wrightsville Beach to Myrtle Beach, Greensboro, Charlotte and beyond. The tourist trade brings frequent out of town sales. Participation in shows in NY and Atlanta and the website help promote sales outside of this area.
SELLER HAS LOWERED PRICE!

Detailed Information

Inventory:
Not included in asking price
Employees:
2- ft - 1 pt
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
According to many customers this is the best art gallery in the state of North Carolina. Gallery is surrounded by many big box stores so visibility is great.
Competition:
They are one of only 99 galleries world wide that carry a particular book illustrations, art and sculptures.
Financing:
owner financing for a qualified buyer
Support & Training:
Owner will assist buyer in transition. Both owner and his wife are artists and are willing to help a new buyer.
Reason for Selling:
Health reasons

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Ernie Grooms

Business Listed By:
Ernie Grooms

Sunbelt Business Advisors

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