SUCCESSFUL Art Gallery and unique gift store, Price Reduced!

Martin County, FL

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Asking Price: $113,500

Cash Flow: $63,500

Gross Revenue: $210,000

EBITDA: N/A

FF&E: $13,900

Inventory: $26,000

Rent: $3,550 /Month

Established: 1976

SUCCESSFUL Art Gallery and unique gift store, Price Reduced!

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Business Description

PRICE REDUCED. RECORD 2018 EARNINGS! PRICED WELL UNDER 2 X OWNER EARNINGS! Owner earnings is appx. $64k per year for an owner operator. Part time workers are in place for an owner wishing to work fewer hours and have more schedule flexibility. Located in a popular and high-traffic (both foot and vehicle) area on Florida's affluent and desirable Treasure Coast: A popular and profitable art and gift gallery/ specialty retailer that has been an area icon for 40 years. Not a typical art gallery that only focuses on pictures/painting, this gallery also displays unique woodworking, small furnishings, crafts, glass work, ceramics and dimensional wall hangings. Listed EBITDA = appx. owner-operator earnings. Seller has clear plans for a new owner to increase revenues and profits. Photo is generic - actual gallery is much nicer...

Detailed Information

Location:
Martin County, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,728
Lease Expiration:
4/30/2021
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Beautiful store with compelling shelving and dual wide window displays. Impressive leasehold improvements at $88,000 +. New and newer equipment includes new Apple computer, printer and licensed high-end inventory management "Lightspeed" software.
Competition:
Store has remained consistently popular and profitable for 40 years, while other galleries have not. A well known and popular gallery enjoying strong relationships with local and national artists and many loyal, repeat customers.
Growth & Expansion:
Seller has a number of plans to sustain the success and further grow sales for a new owner.
Support & Training:
Seller will stay on to assist and introduce to artists, key clients, vendors for a reasonable period and remain on-call for a time after that...
Reason for Selling:
Retirement
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Jeff Manera

Business Listed By:
Jeff Manera

TC Business Brokers

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