Art Gallery and Custom Frame Shop in Affluent East End Town
- Listing Id: 2787
- Broker Name: Michael Bruderman
- Category: Furniture and Home Decorating
- Asking Price: $300,000.00
- EBITDA: N/A
- Real Estate: N/A
- Cash Flow: $150,000.00
- Inventory: $35,000.00
- No. Of Full-Time Employees: 3
- No. Of Part-Time Employees: N/A
- Gross Income: $525,000.00
- FF&E: $5,000.00
- Year Built: 1980
- Address: Click Here
- Zip Code: Click Here
- City: Suffolk County
- State: NY
- Country: United States
- Tenancy: Single
- Occupancy: N/A
- Lot Size: N/A
- Available: Yes
Description
This Art Gallery and Custom Framing shop is a unique opportunity for someone who has a passion and appreciation for art. This art gallery and custom frame shop affords it's future owner an opportunity to enter into a long established profitable business that requires very little inventory investment. You may choose to buy art inventory, but why would you? when you have such a large pool of consigned art work available to you from the many artists that are "knocking down the door" to have their art displayed in this prime retail location. The profit/return on the sale of consigned art is very high because of ZERO inventory cost , your cost is your space, which is already being paid for from the profitable framing business. The margins are over 50 points on the framing and matting business and can be increased by doing more of the framing in house. An energetic buyer could also do wholesale framing for other retailers or specialty shops in the surrounding towns.
Financial Summary
N/A
No article added by Michael Bruderman.
No news/updates from Michael Bruderman.
