Thriving Downtown Art Gallery-Multi-Artists-High Traffic Tourism Area
Citrus County, FL
| Asking Price: | $169,900 |
| Gross Revenue: | $98,000 |
| Rent: | $700 |
| Cash Flow: | $63,000 |
| Inventory: | $4,500 |
| FF&E: | $4,800 |
Listing ID: 2285161Listing provided by BizBuySell
BUSINESS DESCRIPTION
This is a great opportunity for an artist to showcase & sell their own work while immediately earning an income from the gallery. The gallery represents mostly local artists, who work in a variety of art mediums and at least half, if not more, have been with the gallery since opening over 12+ years ago.
The gallery is located in a thriving downtown retail, restaurant and event area. During season there can be as many as 1k+ people daily shopping and eating in the area and as many as over 40k during down town events.
The seller is happy to stay on for a month at no charge for a smooth turnover to accelerate the success for the buyer and build the relationships with the current artist/vendors.
DETAILED INFORMATION
Location
Citrus County, FL
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,500
Lease Expiration
01/01/2025
Employees
1
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The store owner is the sole owner of all FF&E, along with some purchased product and a small amount of personal art for inventory. The inventory includes, soft goods; pillows, plush toys, bags, home decor & seasonal decor, jewelry, toys, books, pottery and some wood items. Office equipment including security camera, HP computer, printer, refrigerator, 2 desks, 2 chairs, cash register, TV, DVD player, miscellaneous office supplies. Display furniture & fixtures, including tables, chairs, 2 easels (not including lights or light fixtures)
Competition
There are no other local art galleries like this one in the area.
Area stores are home decor, tourism related, and water sports related
Growth & Expansion
A new owner could expand by adding their own art, offering classes, doing regular events, participate in area Market Expo, etc. The opportunities are endless in this growing community with a large amount of additional 3rd party advertisement and support towards economic development and tourism.
Financing
Seller is willing to finance with 50% down.
Support & Training
The seller is willing to stay on for up to a month to train and allow for a smooth transition of new owners and to build the relationships between the over 35 artists/vendors and the community relationships.
Reason for Selling
Retirement
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