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Art Gallery For Sale

Wilmington, North Carolina, United States
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Asking Price$395,000
Revenue$288,805 Established1996
Cash Flow$93,321 Employees2 full, 1 part
FF&E$62,000* FranchiseNo
Inventory$244,000* RelocatableYes
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Current owners started this art gallery in 1996. By 2000 they saw the need for expansion and moved to a larger facility. At that time they added other creative venues to compliment their mission of making fine art accessible to not only established collectors but other individuals who would not normally realize they too can collect. The now showcase a broader variety of ceramics, glass, paintings and jewelry and constantly add new works to display, including several international ceramic artists. It is one of only 99 galleries world wide to represent a particular artist and his books, select art and sculpture. Their market includes Wrightsville Beach to Myrtle Beach, Greensboro to Charlotte and beyond. The tourist trade brings frequent out of town sales thus creating loyal customers in about every state. Participation in shows in NY and Atlanta and the website help promote sales outside this area.
Training/Support:Owner will assist buyer in transition
Seller Financing:Owner financing to qualified buyer
Sale Reason:Family health problems
Ad #36790
Seller Reference #WILMINC001-N48
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Contact This Seller
Ernie Grooms
(910) 815-0411
Email Address