Well-Established Fine Art Gallery
West Des Moines, IA
| Asking Price: | $750,000 |
| Rent: | $4,800/Month |
| Established Year: | 1989 |
| Inventory: | $910,000 |
| FF&E: | $1,000 |
Listing ID: 2291330Listing provided by BizBuySell
BUSINESS DESCRIPTION
This well-established fine art gallery and frame shop for sale is located in a well-known walkable mixed-use area that features various retail, restaurants and special events in West Des Moines, Iowa. The business sells both classic and modern artwork produced by well over 100 known and unknown artists. The business is well known for their extensive selection of paintings, sculptures, prints, posters and mixed media art. The professional framer works with individuals and businesses to provide high-quality custom framing services.
*The sale price of this business is lower than the wholesale value of the inventory. There is also a substantial amount of art being sold on a consignment basis. See the Circular for more information.
ATTACHED DOCUMENTS
DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Real Estate
Leased
Building SF
5,914
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The business has almost 6,000 square feet of space with great visibility for shoppers in the heart of a well-known walkable area. The business is on a month-to-month lease.
Competition
The business has developed a loyal following of clients who will contact the gallery when they are ready to purchase their next piece. The business’s location in West Des Moines brings great visibility for new customers who may stumble on the gallery during their shopping trip to the area.
Growth & Expansion
The business could grow revenues by hiring a salesperson which would focus on art sales to businesses in the area. The area has an excellent art scene with many local collectors. The business would benefit from an aggressive marketing campaign to let people know of the great works of art available locally.
Support & Training
Negotiable.
Reason for Selling
Retirement.
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