Prime Location - River To Sea Gallery For Sale

Wilmington, NC (New Hanover County)

Prime Location - River To Sea Gallery For Sale
Contact Seller

Asking Price: Get Financing: $80,000

Cash Flow: N/A

Gross Revenue: $85,000


FF&E: $7,500

Inventory: $7,000*

Lease Rate: $16.88 /SF/Year

Established: 2009

*not included in asking price.

Prime Location - River To Sea Gallery For Sale

Get Financing Save Print Share Valuation Report

Business Description

For sale is the wonderful opportunity to own a multi-faceted art focused business in the ideal location in downtown Wilmington.

River to Sea Gallery showcases and retails the work of over 60 local and regional artists. The gallery also includes the wine shop and has a beer and wine license in place that would be available for new owners to re-apply for.

It is currently located on the Historic Wilmington Riverwalk, recognized by USA Today as “Best American Riverfront”. The perfect location to shop for handmade art, participate in a painting class or enjoy a nice glass of wine while watching the sunset....

Established in 2009 in Chandler’s Wharf, the River to Sea, moved across the street in 2015 to the current location on the Riverwalk, doubling their space and started Cape Fear Paint & Wine providing another income avenue.

The gallery occupies 2 condo units totaling 1200 sq. ft. of retail and studio space with approximately 1200 sq. ft. of additional outdoor space partially canopied currently used for the Cape Fear Paint and Sip classes.

Detailed Information

Not included in asking price
Real Estate:
Building SF:
Lease Expiration:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
1200 sq. ft. interior retail and studio space. Approx. 1200 sq. ft. outdoor/patio
Only Pros: Competition for affordable retail handcraft and art has declined with the closing of other small retail galleries in downtown. The location is superb in walking traffic on the Riverwalk year long with high peak traffic in the tourist season. Business has established social medial and email list for marketing to their existing clientele.
Growth & Expansion:
Potential to utilize the outdoor area to broaden and expand the number of paint and sip classes each week or month is unlimited. Additionally the space is rented on a limited basis to individual yoga instructors.
Support & Training:
Owners will provide 30-60 days transition training and support.
Reason for Selling:
Taking artist career forward with wholesale business
Business Website:
Contact Seller

Business Location

Contact the Seller

(from currently available funds)
Contact Seller Loading

Joan Loch

Business Listed By:
Joan Loch

Momentum Companies

Show Phone Number

View My Listings

Sponsoring Broker:
Terry Espy

Listing Statistics

Saved This Listing:
Days Active On Site:
Appeared in Search:
Listing Detail Views:

Ad#:1560513 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.

Similar Listings