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Successful Art Consulting Firm with over 200 clients.

Somerset County, NJ

Seller Financing Available

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Asking Price:$995,000
Established Year:1979
Cash Flow:$369,000
Listing ID: 2290934Listing provided by BizBuySell
BUSINESS DESCRIPTION

Our client is the leading art consulting firm on the East Coast, based in the greater NYC area. For over forty five years, they have provided an unmatched quality of service to their clients, ranging from large, multinational corporations to private collectors. Their comprehensive services span the full lifecycle of an art collection – appraisals, art acquisition, site design, framing, shipping, installation, cataloging, restoration and liquidation.

The Founder is a recognized expert in the art world, with a career spanning forty years in the acquisition, valuation and design of all manner of art collections.

After a stellar career and building a successful, profitable business, she has decided it is time to “pass the torch” to the next great consultant and advisor. She is looking for someone who can continue her work and will support her impressive roster of fortune 500 clients.

The business is for sale at the listing price shown here. However, the business also owns a significant collection of artworks which are also available for sale. There are over 3,000 pieces ranging from prints to originals. Additionally, there are supplies of framing materials which would be included.

The selling price for both the business and all of the inventory would be $1,450,000.00.

DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Employees
6
Facilities
The sale is for the business alone at the list price. However there is a large inventory of artwork and framing materials that are also for sale at the adjusted price as shown in the listing description. ** The property and building where the business currently operates is also available for sale. It is listed with Keller Williams Real Estate. Contact ed@edlaub.com.
Competition
While there are competitors in the space, given the longevity and reputation for expertise and amazing customer service, they have a very loyal customer base. A large portion of their business comes from repeat customers although each year they bring on new clients.
Growth & Expansion
The business is extremely profitable and has had solid and consistent growth. owner has been running the business day to day for the last 2 years and has not spent any time or effort on marketing and selling. With a modest effort to market the business and a dedicated sales effort, there is tremendous upside potential to expand the business.
Financing
The seller is willing to help finance the sale for a buyer who is interested in buyin
Support & Training
The owner is willing to stay on for up to 1 year to provide training, guidance and to make introductions to her large, loyal customer base. The staff is willing to stay on depending on where the business ends up locating.
Reason for Selling
Retiring after 45 years in business
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Tad
Shepperd
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Tad Shepperd
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