Profitable Art Gallery!!

San Luis Obispo County, CA

Seller Financing Available
Profitable Art Gallery!!
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Asking Price: $90,000

Cash Flow: $28,000

Gross Revenue: $135,000

EBITDA: N/A

FF&E: $34,500

Inventory: $39,300

Rent: $1,404 /Month

Established: 1996

Profitable Art Gallery!!

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Business Description

LIFE STYLE AND MAKE MONEY!!! This 20+ year old historically
PROFITABLE art gallery is strategically located on a main street in a
resort beach town in the county of San Luis Obispo California. This
resort town has been and continues to be a highly desired destination
resort town and is growing rapidly with year round home owners. The
business has operated out of the same location and under the same
name for over 20 years and the current owner has owned the business
for over 10 years. COMPLETE TURN-KEY OPPORTUNITY with consigned
(no need to invest in inventory or have the carrying cost of inventory
going forward) original inventory of paintings, sculptures and pictures
from local and national known artists!! As you sell their work they will
replenish with new work at no cost to the business. All employees will
stay with the business if the new owner desires. Business is
completely computerized to manage the business. NO SPECIAL SKILLS
OR TRAINING NECESSARY. Just a desire and willingness to live or travel
to a highly desirable beach resort town, and own/ work in a retail
environment and a love or curiosity of art and the art world. The
business can be substantially grown by getting into internet and social
media advertising to target customers (the current owner has only
barely scratched the surface of this opportunity); participate more in
the local events; put together an infomercial for the local TV audience.
Average number is that 2% of people that see your art buy it.
Owner is selling the business due to retirement and travel constraints
as they currently live over 100 miles away from the gallery. Owner is
willing to train the buyer!! OWNER FINANCING AVAILABLE! THIS WON'T
LAST LONG AND IS PRICED RIGHT!!! LIVE AT THE BEACH AND MAKE
MONEY WHILE YOU ARE DOING IT!!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
N/A
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Beautiful, fully renovated and complete turn-key 1200 square foot gallery located on a main street in a highly visited beach resort town.
Competition:
One competitor in town but they only sell prints and not original art.
Growth & Expansion:
The business can be substantially grown by getting into internet and social media advertising to target customers (the current owner has only barely scratched the surface of this opportunity); participate more in the local events; put together an infomercial for the local TV audience. Average number is that 2% of people that see your art buy it
Financing:
50% Negotiable
Support & Training:
Yes up to 60 days if desired.
Reason for Selling:
Retirement and lives over 100 miles from gallery
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Contact the Seller

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Scott Hartman

Business Listed By:
Scott Hartman

BBDC

Show Phone Number

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Sponsoring Broker:
Toby Barker

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