Very Profitable Art Gallery

OR

CNBN

Asking Price:$410,000

Cash Flow:$183,226

Gross Revenue:$1,056,843

EBITDA:N/A

FF&E:$37,606

Inventory:$5,778*

Established:1992

*not included in asking price.

Very Profitable Art Gallery

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Business Description

Here is an exceptional opportunity to turn your passion for art into a lifestyle, and own an established successful business venture -- all while being located in one of the most scenic parts of the country. The 2450 sq. ft. space is in a terrific location on a main thoroughfare a block from the beach. This business has been under the same ownership since inception, founded by the current owner in 1993 in this charming bustling beach community. The gallery is well established in the community and has maintained a consistent positive cash flow. The business has had year-over-year revenue growth over the last three years, with sales in excess of one million dollars. The business has a large returning clientele, and has grown a customer list of over 9500.

Now in its 23rd year, the gallery has become one of the premier galleries in the Northwest. The gallery was voted in both 2014 and 2015 by the prestigious American Arts Award in Hollywood, California as the best gallery in Oregon and one of the top 25 galleries in America. Representing over 40 award winning northwest, national and international artists; the styles vary from realism to abstraction. The gallery carries a wide variety of traditional to contemporary art, including original oil, acrylic and watercolor paintings, hand-crafted jewelry, and original limited edition bronze sculptures.

This is a turnkey business opportunity with a trained staff, including possible gallery manager/business manager if needed by the new owner. Training is offered by the current owner to ensure a smooth transition.

Detailed Information

Inventory:
Not included in asking price
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The 2450 sq. ft. space is in a terrific location on a main thoroughfare a block from the beach.
Competition:
Pro's: This very profitable high end art gallery is located in a very desirable location on the picturesque town on the northern Oregon Coast - a popular tourist destination for the Pacific Northwest and B.C Canada. This gallery specializes in a unique art media that differentiates it from other local galleries. Cons: Being located in a tourist destination, the business tends to be seasonal in nature - with softer sales in January and February.
Growth & Expansion:
There is additional opportunity for growth with increased marketing focus and online presence.
Financing:
Negotiable
Support & Training:
The owner offers training to new owner to ensure a smooth transition.
Reason for Selling:
Retirement

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Mark Krowiak

Business Listed By:
Mark Krowiak

Columbia North Business Network, LLC

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