Santa Monica Art Gallery Exclusive Artists 50+ Pieces Abstract Figurat

Los Angeles County, CA

Santa Monica Art Gallery Exclusive Artists 50+ Pieces Abstract Figurat

Asking Price:$125,000

Cash Flow:$100,000

Gross Revenue:$300,000

EBITDA:N/A

FF&E:N/A

Inventory:$300,000

Established:2015

Santa Monica Art Gallery Exclusive Artists 50+ Pieces Abstract Figurat

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Business Description

Santa Monica Art Gallery Exclusive Artists 50+ Pieces Abstract Figurative

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Groovy art gallery for sale, destination location inside a popular resort hotel. Seller has the inventory on consignment, so value reflected in inventory value is approximate retail value of current shop as-is where-is. 50/50 split on all sales, about 20% of the gross revenues are from repeat customers. Seller is an amazing curator with 30 years of experience in the industry and will take the hybrid art-focused entrepreneur under her wing and help the business thrive under new management. Long term transition period is desired by the Seller for the right Buyer, including monthly visits by the Seller to ensure that the gallery is on track for optimal performance. 70% of sales are original paintings, 30% are sculptures. NDA is required for full package on file with Ace Business Brokers.

Detailed Information

Inventory:
Included in asking price
Facilities:
Well located inside a popular resort with plenty of foot traffic. 300 SF exclusive gallery space, as well as use of the entire resort for display of art.
Competition:
No immediate competition, Seller pays no mind to competitors.
Growth & Expansion:
Expand local outreach to local businesses, increase awareness via magazine publications and the like.
Support & Training:
As needed. Long term transition provided by the Seller for any Buyer that loves the art business.
Reason for Selling:
Wants the freedom to go back on the road.

Listing Statistics for Premium Members

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Rick Carlson

Business Listed By:
Rick Carlson

Ace Business Brokers

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