Premier specialty marine art gallery, 40+ yrs in great location

Baltimore County, MD

Premier specialty marine art gallery, 40+ yrs in great location
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Asking Price: $280,000

Cash Flow: $178,000

Gross Revenue: $435,000

EBITDA: N/A

FF&E: N/A

Inventory: $130,000

Rent: $5,000 /Month

Established: 1979

Premier specialty marine art gallery, 40+ yrs in great location

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Business Description

For over four decades this well-established business has been at the same location on the East coast, providing the best in art with maritime and nautical themes. Renowned marine artists are represented, and the gallery product offerings include the finest paintings and framing, sculpture, antique scrimshaw and more. The gallery's location in one of the most active sailing locations in North America is an asset of enduring value. Gallery clientele includes seasoned collectors, well-known sailors, and anyone who loves the aesthetic of the sea, its storied history and busy present day. A great business at the epicenter of everything to do with its theme, ready for the right entrepreneur. There is an excellent long-term manager who will stay with the business. This 1500 square foot gallery has 2 floors and enjoys a busy walk-in traffic with ample parking. A long-term lease on this facility has been recently renewed and the Seller will provide transition and training to the new owner. Art Gallery experience is a must for any buyer considering this excellent opportunity.

Detailed Information

Location:
Baltimore County, MD
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
N/A
Employees:
2
Facilities:
1500 square foot gallery with store front on busy street. The gallery has 2nd floor for display of paintings. There is an offsite storage facility
Competition:
This is 1 of a very few art galleries of this type on the East Coast.
Financing:
Some Seller Financing
Support & Training:
Seller will transition new owner for 30 days at no charge.
Reason for Selling:
Retirement
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Susan Wiley

Business Listed By:
Susan Wiley

Wiley and Associates Inc.

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