A rare opportunity to acquire a highly regarded contemporary art gallery with over two decades of consistent revenue and a loyal clientele in one of Florida's most affluent coastal communities. The Gallery carries the consigned work of approximately 40 accomplished artists and has cultivated a loyal and active collector base built over decades—many of whom are repeat clients -- and seasonal residents. The Gallery has had very stable earnings, averaging nearly $1MM over the last 10 years. Take advantage of this opportunity to acquire a thriving gallery with a proven track record of success and a unique position within the area's cultural landscape. Please refer to listing number 2301908343 when inquiring about this listing.
- Asking Price:
- $850,000 Furniture / Fixtures included
- Sales Revenue:
- $1,012,055
- Cash Flow:
- $294,387
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Lease Expiration Date: May 1, 2027
Terms Options: 1-year option remaining
- Leasehold Rent:
-
$11,000 per annum
- Location:
-
Leased
- Premises Details:
-
Retail
- Size in square feet:
- 2,300
Business Operation
- Reasons for selling:
-
Retirement
- Trading hours:
-
Operating dys/hrs : Tues - Sat 10AM - 5PM
- Employees:
- 2
- Years established:
- 24
Other Information
- Support & training:
-
Weeks Training: 2 Cost: $0
- Furniture / Fixtures value:
- $27,000 - included in the asking price
