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Art Lovers Once in a Lifetime Opportunity! for sale in MN

Minnesota (MN)

Asking Price: Gross: Cash Flow:
$ 65,000 $ 405,569 $ 20,542

Furniture and Fixtures Value:
$ 22,000 (included in the asking price)

Inventory Value:
$ 60,000 (not included in the asking price)

Business Summary:
Award winning multi-disciplinary art gallery and gift shop. This business is the center of a diverse, vibrant art community. The building has an affordable long term lease, with excellent terms. Space is able to be reconfigured for a new owner, but current space has ample room for operations. Included are all furniture and fixtures required for the ongoing operation of the business. New owner will have passion for the arts and music. This business provides gallery space, hands on arts instruction and sales of merchandise. The population is growing around this company, and as the population grows, so will the demand for its services. Various art venues are scattered around this business, but none offer the plethora of products and services combined with a well established art community. This business has a consistent, long-term marketing strategy. It also has relationships with businesses nearby to increase foot traffic synergies. An expansion of activities and marketing to new groups could increase customer base. Additionally, different marketing techniques may reach new customers. Because this business is a recognized and established art center, new approaches could bring current customers in more often.

 

   
Year Business was Established: 2001
   
Number of Employees: 10 PT  
   
Facilities / Terms of Lease: The building is available for lease on a long-term basis. Space is able to be reconfigured for a new owner, but current space has ample room for operations. If preferred, the building can be sold with the business.  
   
Potential Growth/Expansion: An expansion of activities and marketing to new groups could increase customer base. Additionally, different marketing techniques may reach new customers. Because this business is a recognized and established art center, new approaches could bring current customers in more often.  
   
Competition: The population is growing around this company, and as the population grows, so will the demand for its services. Various art venues are scattered around this business, but none offer the plethora of products and services combined with a well established art community.  
   
Owner willing to train: Will train for 2 weeks @ $0 cost.  
   
Reason for selling: Current owner wants to retire.  
   
Seller Reference Number: 5101-13151
BusinessMart.com Listing Number: 236419
 

 

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For more info contact:

Russ Bieber

Murphy Business & Financial Services
727-725-7090

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