Art Gallery/Frame Shop

Washington County, UT

Front lawn
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Asking Price: $145,000

Cash Flow: $60,000

Gross Revenue: $225,000

EBITDA: N/A

FF&E: $20,000

Inventory: $38,000

Rent: $2,900 /Month

Established: 2003

Art Gallery/Frame Shop

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Business Description

Art Gallery/Frame Shop

Our adventure began with Art Visions in Vegas which we sold in 1998 because of our move northeast one hour to Mesquite. There we opened Mesquite Art and Frame, and ARTe Gallery. In 2008 we relocated to just one gallery in St George, Utah, which is the 3rd fastest growing community in the US right now. After 11 years we've created a very large framing shop and a large Urban style Art Gallery filled with over 600 artworks of many categories. The main revenue source has been custom framing, which is priced well and our ratings are excellent these last 11 years here serving S UT, some of AZ and NV nearby. ARTe is well established and well respected for quality art and framing. ARTe is not downtown. It is located in the Paradise Valley area which is next to the 27 hole Sunbrook golf course and ever expanding housing community. We have a 16x14 art class room that generates 4 nominal revenue streams. ARTe hosts several events, such as birthdays, weddings, social clubs and artist receptions. In Vegas we initiated a unique concept called Mobile Picture Framing, which became very popular to our clients. We have also incorporated this concept in our ARTe Business, and we are the only frame shop offering this in S UT. The Utah Business Forum last year was very sure that 2020 would be a very busy growth year for S Utah.

Detailed Information

Location:
Washington County, UT
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
7,000
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
ARTe is in a large complex with other businesses, offering increased exposure. ARTe is not located downtown. ARTe is in the Green Valley district of St George off of a very bust blvd. The gallery is 3500 square ft. and the shop is also 3500 sq ft. The gallery owns 65% of the art that is displayed, and the shop is fully loaded with over 3000 ft of moulding, 30 boxes of various glass, over 400 full sheets of mat, and a large quantity of framing materials and equipment. The mobile framing van is also included which is a very unique asset. Ample parking.
Competition:
Sunset Framing 4 miles away, is owned by close friends. They refer several customers to us when they cant do certain work, and we them. The market here is very alive and expanding due to so much building of businesses, rentals, and houses. A main canvas and paper art printing business downtown sends many customers here for framing.
Growth & Expansion:
ARTe is already about 7000 sq ft. No need to expand. There is a large patio and grassy area in front for any outdoor events that may occur. It would be nice to offer coffee, etc. Please visit www.artegalleryandframe.com for pictures of the gallery.
Support & Training:
The sale of ARTe includes 2 month of full time assistance by the owner, and one extra month optional at $3000. if new owners choose. New owner can retain present help or seek new employees. The West Coast Frame Show each January is a trade show and seminars for training an all aspects of this business held 2 hrs away in Las Vegas.
Reason for Selling:
Owner is 64, and co owner is 60. Simply, time to move into other interests.
Business Website:
http://www.artegalleryandframe.com
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Business Listed By:
Philip Moulton

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