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Retail Gallery For Sale
Location United Kingdom
Asking Price Range < $250K
Gross Revenues $306923
Net Profit / Cash Flow $26593
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2001
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training The owner will provide full business familiarisation, training and handover to ensure a smooth transfer of the business to new owners.
Reason for Sale The current owner is considering emigrating to the USA.
Description Retail gallery specialising in Contemporary Art
Ref.AH124
Location Brighton
Asking Price œ 65,000
Opened approximately ten years ago, this is a very well established, well-respected gallery specialising in Contemporary art. It represents a great number of local, national and international artists, spanning both up and coming talent and established, but not necessarily well known, figures in the art world.
Focussing on mainly abstract pieces, all of which are originals, at affordable prices, this is a well-organised business featuring artists that are successful and works of art that sell.
Since opening, the gallery has performed consistently well, enjoying steady growth in turnover and profitability, not to mention stature and reputation, having mounted very many impressive solo and group exhibitions, over its many years of successful operation. Such is the gallery's reputation that it is constantly approached by artists hoping to get their art represented.
Large, contemporary pieces, not easily found elsewhere, from regular artists who often have a keen following of collectors are the staple diet of this business, with prices ranging from as little as œ150 for the smaller pieces through to œ3,500 for the larger pieces from more established artists. Almost all pieces are carried on a `sale or return' basis with the gallery receiving a sizeable commission on sale.
In what is a relatively short period of time this gallery has established an excellent reputation amongst artists and Clients alike. With turnover for the financial year ending August 2011 of almost œ200,000, generating gross profits of almost œ100,000 and pre-tax net operating profits of œ17,000 after small Director' remunerations, this represents an excellent opportunity to acquire a very well established, profitable retail gallery specialising in contemporary art, with a growing reputation and an increasingly loyal base of artists and Clients.
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