MergerPlace

Stunning Turn Key Gallery

Washington (King)


  • Asking Price: $149,000
  • Gross Income: $553,159
  • Cash Flow: $97,682
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $60,000
  • Listing ID: #209662
  • Established: 1977
  • Employees: 1 PT

Business Description

A truly stunning Gallery! Turn-Key.

Profitable. Best location on a busy corner near prime Tourist area and high-end condos and hotels with below market long-term lease.

This beautiful Gallery is the home for the finest in contemporary art from regionally, nationally and internationally recognized artists in a variety of media including paintings, unique glass art and an exceptional collection of bronze sculptures, furniture and ceramics.

Substantial nationwide and international customer base. Excellent website.

If you are a Gallery or individual wanting to expand to the booming and high net worth Seattle market with cruise line and convention traffic you will find this location with its low rent and home for multiple renowned artists is the best around.

It is an excellent time to purchase this turn-key operation


Business Details

Primary Business Category: Amusements, Entertainment, Other
Location: Washington
County: King

Company Information

Year Established: 1977
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1 PT

Financial Information

Asking Price: $149,000
Gross Revenue: $553,159
Cash Flow: $97,682
FF&E: $60,000
Seller Financing Available: No

Property Information

Facilities:

Impressive and large gallery is a stunning showcase allowing creativity in exhibiting the paintings, sculpture and glass art, furniture and ceramics. Long-term lease, below market rent is in the most desired and lively location in Seattle. Corner, busy street front location. Near Pike Place Market-- the prime tourist area and major hotels and convention center and cruise ship traffic. 3,383 square feet at $1.06 sf/month plus NNN.

Growth & expansion opportunities:

Owner has recently rolled out a successful social media presence and e-commerce site that has already resulted in additional sales. Gallery now has regular exhibition schedule and pop-up events as well as Peer Space presence for evening events. The new owner can increase the Gallery's presence on social media and capitalize on e-commerce marketing campaign as well as the established, profitable, world-class gallery. It is an excellent time to purchase this turn-key operation and begin your legacy.

Competition:

Collectors from all over the world and locals have come to expect the best in original art from this gallery and visitors come in to enjoy this breathtaking gallery. Substantial nationwide and international customer base follow-up their visits with online purchases.

Reason for selling:

Health reasons. Seller is motivated to sell.

Support & Training:

Will train for 4 weeks @ $0 cost. Gallery is profitable and easy to run. Rewards await a buyer who applies their savvy skills to showcase this beautiful space. Whether you are a business minded individual, dealer or art enthusiast, you will be proud to own this Gallery and continue on this legacy in art. The owner will provide a smooth transition. Training and support will be provided during the transition phase and ongoing support can be explored.

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Business Listed By:

Judy Elrod

Murphy Business Brokers