Prestigious Santa Fe Fine Art & Western Art Gallery
Santa Fe & North Central Region, New Mexico
Listed Price: $ 825,000
Listing ID: N203
Listing DetailsGross Revenue: $ 1,484,177
Cash Flow: $ 382,724
Inventory: $ 100,934
Training & Support:
The Seller will provide training during the transition phase.
Listing SummaryBusiness Description:
This Santa Fe art gallery has established a reputation for offering quality fine art. The carefully curated collection includes regionally and nationally acclaimed artists. It works with discriminating and affluent art collectors from around the country. The gallery has grown its sales each year since it opened in 2006.
New owners will inherit the accounts receivables as of the time of the sale with a current value of $139,000. Also available are the casting rights for one of the premier names working in the field today with the estimated $3.3 million-plus in net income. The inventory of gallery-owned bronzes with a net retail value of $450,600 can also convey to new owners for an additional $100,934, which is the cost of casting these bronzes.
This gallery’s emphasis on quality fine art has secured it a strong base of affluent collectors.
New owners will take over a business with a consistent track record of growth, optimized marketing channels, and regionally and nationally acclaimed artists.
LocationLease Expire: 2021-02-28
Monthly Rent: $ 8,000
Square Footage: 2600
Type of Location: Commercial
Well-appointed space located in an area of strong tourist traffic.
OperationYear Established: 2006
Employees: 1 PT
Absentee Owner: No