22-years Successful Art Gallery w/Custom Framing...A+ location!!!!!!!!

Franklin, TN (Williamson County)

22-years Successful Art Gallery w/Custom Framing...A+ location!!!!!!!!
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Asking Price: $39,000

Cash Flow: $51,844

Gross Revenue: $121,935

EBITDA: N/A

FF&E: $5,400

Inventory: $10,000*

Rent: $1,700 /Month

Established: 1988

*not included in asking price.

22-years Successful Art Gallery w/Custom Framing...A+ location!!!!!!!!

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Business Description

Gross Sales were over $200K with custom framing in '17. $121K shown is art sales only; owners chose to stop framing in '18. Bring this service back to 2X sales and income.
If you're an art lover & enjoy inspiring creativity, this is a rare business opportunity. Beautiful Art Gallery located in #1 Franklin...right on the tourist route/checklist of 'Places to See'. Owners are well known for exceptional knowledge and elite customer service. Lease is transferable w/rent@$1,700 per month!! Crazy...comps 3X higher.
2+ decades of Good Will established!! Growth: Resuming custom framing will easily double sales; owners stopped early last year & turning customers away daily. All framing equipment ready for re-start.

If you like doing marketing & events, you can drastically grow customer traffic and sales. 'Word-of-mouth' advertising is ultra strong here, but social media marketing ($1K per year) announcing wine events and showing new art arrivals would be big!

Click CONTACT SELLER button to request more information>>>>>>>>>>>>>>
NDA required as this is not a public sale.
Tom Nilsen
TNT Business Brokers / 'We Sell' Team
615.838.5070

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
2/29/2020
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Location Location Location...this is about as good as you'll find under $5K+ per month...this business has a transferable lease with rent locked @ONLY $1,700! Prime neighbors. 1200 sq ft space houses premium art gallery showroom and operational/office space hidden from gallery. All Custom framing equipment is set and ready. Training is optional if new owner has interest in doubling monthly sales immediately by re-starting custom framing.
Competition:
Minimal competition in this segment of the retail art world. Prices are reasonable and affordable for affluent Williamson County. Everything is original artwork from highly acclaimed artists. Owners here know what their clientele wants...and have mastered finding the treasurers!
Growth & Expansion:
Clearly, bringing back custom framing will 2X sales here. Having the right custom framer is key...everything needed is ready and in place now. Including the customers who are being sent away.
Support & Training:
Owners will share valuable trade secrets (accumulated over 22 years) and introduce key players in the industry. Everything sold here is original works of art. Training for custom framing would is optional (highly specialized, highly profitable).
Reason for Selling:
Retirement
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Tom Nilsen, MBA, Business Broker

Business Listed By:
Tom Nilsen

TNT Business Brokers / "We Sell" Team

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