Brunswick County, NC

Art Gallery
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Asking Price: $124,500

Cash Flow: $109,127

Gross Revenue: $369,000

EBITDA: N/A

FF&E: $33,418

Inventory: N/A

Real Estate: $670,000*

Established: 2002

*not included in asking price.

Art Gallery

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Business Description

Established 18 years ago, this vibrant and profitable art gallery is located in an historic southeastern coastal community of North Carolina. The open, creative space invites artists and collectors to explore the displays that make up the 10,000 square foot of warm and friendly ambiance with onsite parking available. Many well known artists from both of the Carolinas show an array of clay art and pottery, oil paintings, pastels and acrylics plus award winning fiber art, artisan made jewelry, blown glass, turned wood and much more.
Due to its location in this very popular tourist town, this art gallery enjoys the repeat business of the locals and also loyal visitors who vacation there every year. Located on site is a pottery studio with instruction and kilns, a custom framing department and art classrooms for workshops and on going instruction. Local professionals teach a variety of art classes which include summer programs for children.
The existing use as an upscale art gallery has the potential due to the size of the building to be a multi-functional business.
All customers are welcomed with a friendly invite to view the exhibits and enjoy a complimentary gourmet coffee, tea and in the late afternoon wine is available also. The building where this art gallery in housed is for sale and must be purchased with the business. Pricing for the building is $599,000 which does not include the business.
Sales up from last year and profits are DOUBLING for a 5 month period over last year!
Great time to purchase this profitable business.

Detailed Information

Location:
Brunswick County, NC
Real Estate:
Owned
Not included in asking price
Building SF:
10,000
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Art gallery is housed in a 10,000 square foot building with a vacant lot on each side of the building which is also owned by the seller and would convey with the purchase of the building. Located on a main highway with ample parking.
Competition:
There is no other gallery of this kind for several states away.
Growth & Expansion:
Because of the size of this building, the location and the popularity of the area a new owner could increase sales and profits by leasing the building for such functions as wedding receptions and other events sponsored by city or county.
Support & Training:
Seller would like to stay on to display and sell her art work and would offer training for a new buyer.
Reason for Selling:
Owner would like to be able to semi-retire and spend more time with family.
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Ernie Grooms

Business Listed By:
Ernie Grooms

Sunbelt Business Advisors

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