Denver County, CO Art Galleries For Sale

28M in Retail Value Museum Quality Artwork for 9M, Seller Will HelpRelocateable, Market in a Gallery, Online, Museum & Shows
$9,000,000
28M in Retail Value Museum Quality Artwork for 9M, Seller Will HelpRelocateable, Market in a Gallery, Online, Museum & Shows

Denver, CO

$28M in HISTORICALLY IMPORTANT FINE ART Offered at $9M to either start or add to a Fine Art Gallery 15 MUSEUM QUALITY Works Ranging in Value from 8M to 250K plus almost 2000 more paintings worth between 2K and 150K each. The Seller estimates that his entire inventory has a retail value of 28M dollars which he will offer for 9M dollars. 2000 pieces of mostly international art that are almost entirely high end oil paintings including 15 large museum quality pieces. One of the museum quality pieces the Seller has been told could be worth 8M to 10M retail on its own. It could be a featured piece in a major museum in Russia. Compare that to the value of almost every other major countries signature pieces. Russia is slowly catching up and getting the respect it deserves for its increasingly famous painters. Seller has a warehouse with a showroom in a Mountain Resort and wants to open a Gallery in Cherry Creek but is 73 and has major family commitments in Texas so he is both retirement age and has to retire. There is the potential for a buyer to make 5M to 10M worth of “net profit” over the next 5 years off of this artwork. The Seller has not had a retail gallery for years but has accumulated many customers over the years who still purchase from his collection. He sold almost 650K of artwork in 2017 by appointment only. This is without the sale of any of the museum quality pieces. The Seller has a list of Buyers which spans 30 plus years and many are still active. This should provide a much higher base than the 650K he is making by appointment only for a new owner that sets up or adds this to a gallery in a recurring way. Buyer should set up a location that will be able to sell much more than 650K per year and if they sell just one of the museum quality paintings each year, the revenues could easily top 2M to 2.5M each year. The current seller would love to see the new buyer be patient and sell the museum collection all to the same buyer for a minimum of 12M. Seller has recently finished cataloging the museum collection and is planning on getting them scheduled into a major museum exhibit. This should automatically increase both their value and exposure. He has acquired these pieces throughout his life and has not put them up for sale until now. They are very emotional and historical pieces of original art. To be clear, this is a business opportunity to make a lot of money through selling this art for profit. This art is historically important high end fine art that you currently can’t find in any art gallery in Colorado or the United States. He knows this art, the artists in many cases, the history, etc. If you love art and making money in what is a very fun business to own, please watch the video presentations of the art by the owner including individual videos of the museum quality paintings. He is asking 9M for the 28M in retail value artwork which is a great deal for a buyer BUT he knows he is not going to get a check that big at a closing so he will allow the Buyer to propose a flexible structure with him carrying almost half and/or allowing some of the art to be on consignment. He prefers that a buyer buy or commit to the whole collection but will consider any offer that includes no less than ½ of his collection in any one sale. He will not split it up in smaller pieces than that unless a buyer wants to buy every piece of a specific artist(s) and then that will depend on the artist and the size of the overall sale. This will not qualify for a bank loan and he will only meet with or talk to VERY SERIOUS QUALIFIED BUYERS. He is also open to flying in for special shows for up to 2 years, potentially keeping some ownership (keep some art), and/or will offer some on consignment. The goal is to keeping a buyers up front cost to a reasonable number while he feels that he is secure in his retirement also. The Buyer can market these pieces 3 ways: Gallery, Online, and through Domestic/International expositions/shows. The Seller has a big following and will occasionally attend showings, etc to help the new owner Sell the artwork. Please see the videos above to understand how big this opportunity is. Plus, see the articles in the data room to learn his history, reputation, and knowledge of this artwork/artists. Details: He believes a 3,000 square foot location in a high traffic high end area of Denver would drive sales to 2 to 2.5 million of dollars a year. Cherry Creek North seems like a great area for a first level Gallery on a busy block and would cost approximately 43 dollars a square foot triple net. This will have a cost of approximately 150K per year, plus the cost of two full time employees, etc. Total cost of approximately 325K per year. This also assumes that his assistant of 16 years who knows all of this art very well and works full time in his warehouse will consider a job offer that is partially commission based to move to Denver or wherever to work in the gallery. If the new owner wants to keep the warehouse in the Mountains open, she will stay in the Resort or split her time. Her knowledge and personality will sell these paintings. The Seller and she are both experts on each piece. Plus, he will commit to making occasional trips to do Gallery Shows so he can help with showings featuring specific art/artists and tell the history and explain how emotional, rare, and valuable this art is. He believes that the Gallery should be able to generate 2M to 2.5M in revenues per year allowing the Gallery owner to add inventory over time that fits his/her personality. Just 1.5M in revenue will create a very nice profit for an owner every year. To put it in perspective, the 15 most valuable pieces are worth at least 12M themselves and would be featured on the walls of the Gallery helping visitors to learn and appreciate the history and quality of the art making it easier to sell the smaller pieces in the overall collection. He also believes that the Gallery owner could sell copies of the 15 paintings that belong in a museum helping to keep them together making them even more valuable as a collection that can be loaned to museums periodically. High quality copies like Lithographs and Serigraphs can sell for a very nice profit. The Buyer will not need any permissions to do this. All rights to every piece of art is owned by the Seller. A Buyer could always ensure a great start by selling only a couple of the signature museum pieces which could still be loaned back into the collection for museum shows. Museum quality art sells partially because of ego, increasing exposure and therefore increasing appreciation and value, and because they are considered historically important. Once scheduled into a museum, it should be easy to sell the whole collection at once for a very large profit. Serious inquires only. This will not be an SBA loan but there is a chance for financing based on a buyers net worth and experience in the industry. He will not meet with anyone who is not qualified for this opportunity. He is 73 and doesn’t have the luxury of taking a chance on an unqualified buyer or very long term promissory notes/consignments. Plus, Colorado is the best State in the country to own a business. Colorado is #1 for Economic Growth in the US says US News and World Report. See article here: https://www.usnews.com/news/best-states/rankings This article ranks all 50 states by eight economic measures including GDP growth, housing prices, job creation and exports. Also, Area Developers Magazine ranked Denver the #1 growth opportunity in the country in June of 2015. Check out the articles in these links also: http://www.metrodenver.org/research-reports/economic-forecasts/2017-economic-forecast/ and rated Denver #1 for leading locations for economic strength indicators and eighth for both workforce and recession-busting attributes: http://www.imfromdenver.com/denver-no-1-on-u-s-news-best-places-to-live-list/?utm_campaign=shareaholic&utm_medium=facebook&utm_source=socialnetwork http://www.bizjournals.com/denver/news/2015/07/15/denver-rated-no-1-in-u-s-for-economic-success-3.html The Denver-Aurora-Broomfield metro area was rated first among the 375 metros. Here is Area Development's top 10 U.S. "Leading Locations" for 2015: 1. Denver. 2. Houston. 3. Grand Rapids, Michigan. 4. Greeley. 5. San Francisco. 6. San Jose. 7. Seattle. 8. Columbus. 9. Boulder. 10. Austin ______________________________________________________________________________________ Thank you for your consideration. Sincerely, Jeff Chapman Eisnaugle Business Broker Colorado, LLC Direct 303-905-7607 Office 303-284-7025 Fax 720-524-6482 jeff@businessbrokercolorado.com www.businessbrokercolorado.com This is prepared by Business Broker Colorado, LLC and the managing broker is Company Broker Group, LLC with information provided by the Seller. It was not created by the seller and neither the Broker or the Seller are responsible for its accuracy. Buyers are responsible for their own due diligence. Neither the Broker or the Seller will indemnify or guarantee any forward looking statements or projections. The information contained in this e-mail message is confidential and may be protected from disclosure. Please be aware that any other use, printing, copying, disclosure or dissemination of this communication may be subject to legal restriction or sanction. If you have received this e-mail message in error, please reply to the sender and delete it from your computer. Different Brokerage relationships are available which include Seller agency, buyer agency, or transaction – brokerage. Brokerage disclosure to Buyer or Tenant of Property. Definition of working relationships. Seller's Agent: a seller's agent works solely on behalf of the seller to promote the interests of the seller with the utmost good faith, loyalty, and fidelity. The agent negotiates on behalf of and ask as an advocate for the seller. The seller's agent must disclose to potential buyers all adverse material facts actually known by the seller's agent about the business/property. A separate written listing agreement is required which sets forth the duties and obligations of the broker and the seller. Buyer’s Agent: a buyer’s agent works solely on behalf of the buyer to promote the interests of the buyer with the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of an accident advocate for the buyer. The buyer’s agent must disclose to all potential sellers all adverse material facts actually known by the buyer’s agent, including the buyer’s financial ability to perform the terms of the transaction. A separate written by a Buyer agreement is required which sets forth the duties and obligations of the broker and the buyer. Transaction broker: the transaction broker assist the buyer or seller or both throughout a real estate transaction by performing terms of any written or oral agreement, fully informing the parties, presenting all offers and assisting parties with any contracts, including the closing of the transaction, without being an agent or advocate for any of the parties. A transaction-broker must use reasonable skill and care and the performance of any oral or written agreement, and must make the same disclosures as agents about all adverse material facts actually known by the transaction – broker concerning the property or a buyer's financial ability to perform the terms of a transaction and whether the buyer intends to occupy the property. No written agreement is required. Business Broker Colorado, LLC, Company Broker Group, LLC and Jeff Chapman Eisnaugle will be operating solely as a “Seller Agent” in all transactions.

Unique, Fun, and Profitable Wine & Art Studio-ABSENTEE OWNER
$119,000 Cash Flow: $54,935
Unique, Fun, and Profitable Wine & Art Studio-ABSENTEE OWNER

Denver, CO

Profitable and well established business in a great location. Unique and innovative concept that has proven to be extremely popular. Customers participate in an art class while they drink great wine. Business can be run by owner absentee and seller financing is available for qualified buyer.


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