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Listing ID: 2475445Listed on: February 20, 2017

International Fine Art Galeery For Sale

Confidential, Orange, California, United States

$ 160,000

(Furniture / Fixtures included)

Revenue: $ 426,000

Cash Flow: $ 70,000

Business Description

LOCATION, LOCATION, LOCATION. Main Shopping St in Downtown S. Orange County Beach City
Successful Contemporary Fine Art Gallery featuring Internationally Recognized, National and Local Artists. It has a distinctly unique feel of an established International Gallery. Fresh. Exciting. Featuring world famous International artists seen nowhere else in the area. Owner brings international artists to gallery through collaboration with a New York Foundation. Owner says this ocean resort city is known to sell more art per capita than any other city in the world, except New York City. Tourist traffic in this beach resort city estimated to be 3- 4 million annual visitors. The gallery is located on the main shopping street in downtown, surrounded by restaurants, galleries and boutiques, where there is the maximum walk-by and drive-by traffic. It is an international resort destination.
The Gallery is a leader in contemporary art with a pulse on the ever changing world art market. The owner has traveled around the world creating relationships and connecting with internationally sought after artists. Utilizes gallery receptions to bring international artists to the Gallery to enhance knowledge and collections. Six to 7 artists showing currently, rotated monthly. Monthly featured artists receptions and events with wine, music and food.
The Gallery opened in 2016 is a culmination of over a decade of the owners experience in owning galleries in this beach city and surrounding cities. Sales have been impressive. Gross sales annualize to approximately $426,000 in gross sales and $70,000 in cash flow. Cash flow available upon request. All inventory is on consignment from the artists and the split is 50% to the artist and 50% to the gallery. No inventory cost. Owner says cash flow can be increased by $3500 per month, $42,000 annually, utilizing the artist 40%/gallery 60% split standard on the East Coast for Intl. artists. There is an Art Director and experienced Sales Consultants all on minimal daily rates plus 10% commission. Trained staff. Lease 5 years, approximately 750 SF showroom, rent $7200/mo. Website. Remarkable new Gallery presents outstanding opportunity for Buyer, whether an art lover or artist. The Gallery is ready to take over, with good operational practices in place and personnel to continue the process. Good for a buyer who is creative and has a desire and a passion to experience art, or is an artist who wants to own his own sales venue.
Disclaimer: The information above was furnished by the seller. Sunbelt Business Brokers of Orange Coast or its agents have not verified the information and makes no representations as to its accuracy or reliability.
For more information call Jeanette Bailey, Business Broker, CBI, at Sunbelt of Orange Coast at 714-619-9310 ext. 251. Email: jeanette@sunbeltorange.com. Fax: 949-679-1408. For a complete listing of our currently available business opportunities go to: www.sunbeltorange.com

Property Details

Size:

750 sq ft

Years Established:

2016

Property Type:

Lease

FF&E:

$3,000

Other Details

Operation Details

Employees:

1

Miscellaneous

Reason For Selling:

other ventures.

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