Prestigious Santa Fe Fine Art & Western Art Gallery

Santa Fe, NM (Santa Fe County)

Prestigious Santa Fe Fine Art & Western Art Gallery
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Asking Price: $825,000

Cash Flow: $382,724

Gross Revenue: $1,484,177

EBITDA: N/A

FF&E: N/A

Inventory: $100,934*

Rent: $8,000 /Month

Established: 2006

*not included in asking price.

Prestigious Santa Fe Fine Art & Western Art Gallery

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Business Description

Representing some of the premier artists working in their field today

This Santa Fe art gallery has established a reputation for offering quality fine art. The carefully curated collection includes regionally and nationally acclaimed artists. It works with discriminating and affluent art collectors from around the country. The gallery has grown its sales each year since it opened in 2006.

New owners will inherit the accounts receivables as of the time of the sale. Currently this figure exceeds $139,000 in income to the gallery. Also available are the casting rights for one of the premier names working in the field today with the estimated potential of $3.3 million-plus in net income.. The inventory of gallery-owned bronzes with a retail value of $450,600 can also convey to new owners for an additional $100,934, which is the cost of casting these bronzes.

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Detailed Information

Location:
Santa Fe, NM
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,600
Lease Expiration:
2/28/2021
Employees:
1 PT
Facilities:
Well-appointed space located in an area of strong tourist traffic.
Competition:
This gallery’s emphasis on quality fine art has secured it a strong base of affluent collectors.
Growth & Expansion:
New owners will take over a business with a consistent track record of growth, optimized marketing channels, and regionally and nationally acclaimed artists.
Support & Training:
The Seller will provide training during the transition phase.
Reason for Selling:
Seller to pursue other interests.
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Michael Greene

Business Listed By:
Michael Greene

Sam Goldenberg & Associates

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