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Fine Art Gallery Affluent Clientele In Long Island For Sale

Long Island, New York
Asking Price:
$439,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$656,142 (USD)
Cash Flow:
$269,628 (USD)

Business offers a wide selection of fine art from well-known national and international artists, as well as a unique selection of original vintage posters and prints. In addition, it offers professional consultation, design, framing, installation and delivery services to its residential and commercial clients. The Company’s highly-visible 3,000 SFT retail showroom is located on a major road and provides it with an ideal location from which it serves some of the most affluent neighborhoods in the country.

Business Highlights:

• Well-known brand with consistent profitability that has been serving its community for 15 years.
• Highly-attractive, residential and commercial client demographics -- loyal customer base located in some of the wealthiest communities in the country with low price sensitivity.
• High-visibility and large retail store on major road and is ideally-positioned geographically to serve some of country’s most affluent neighborhoods with little-to-no competition.
• Specialization and well-established history has created exceptionally strong relationships with nationally and internationally known artists and highly sought-after publishers.
• Turnkey operation with extensive inventory – makes the business highly attractive to a buyer who desires to establish an instant presence with credibility in this very attractive market.
• Very attractive 10-year lease negotiated at below-market rates.

The Company is currently run by two partners who would like to retire. However, they are receptive to staying on for as long as necessary in order to help transition the business successfully.

Growth and Expansion
Company does not have a strong web presence and does not currently accept online orders. A small investment in an online catalog, order fulfillment system and online marketing would be expected to generate significant growth. Other opportunities include increased marketing to commercial accounts, offering additional highly-popular art genres and increased promotions and events.

Property information

Real Estate:

Lease

Lease Terms:

11+ Years at below market rates

Location:

High-visibility location situated on a major road located in one of the wealthiest regions in the country

Premises Details:

Sprawling 3,000 SFT corner location with an 11-year term that was negotiated at below-market rates.

Business Operation

Competition / Market:

Has experienced little-to-no competition in its geographic region. In fact, it has identified only one direct competitor who is located approximately 25 miles away.

Reasons for selling:

Retirement

Trading hours:

Monday through Saturday from 10:00AM to 6:00PM and Sunday from 12:00PM to 5:00PM.

Other Information

Furniture / Fixtures value:
$30,000 (USD) - included in the asking price
Inventory / Stock value:
$50,000 (USD) - included in the asking price

Contact Information

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