NYC Museum with valuable collection – Sold
Price: $800,000
Industry: Services
Location: New York
This business has been sold, see all of our businesses for sale. The museum ranks among the top 10 out of all 348 museums in New York City. It has the largest collection in the world of its [confidential genre] artifacts. The collection items were carefully procured over a period of 30 years by a world-renowned expert and current owner of the business. It has a full-service gift shop, interactive displays, and social media integration. The sale includes $900,000 worth of assets.
The museum can be sold either as a fully operational business, or solely the collection in an asset sale given that the lease can be ended at any time.
Contact us if you are looking to sell your museum in New York or anywhere in the Eastern US.
Listing Details
FFE: $900,000 (Included in Price)
Inventory: $75,228
Reason For Sale:
The owners are moving outside of the country.
Operation
Year Established: 2019
Employees: 3
Location
Lease Option: Expired 6/1/2020
Monthly Rent: 34833
Square Footage: 4600
Facilities Information:
The museum is located in Manhattan in a 4,600 sq. foot fully operational space, including a lower-level office with storage capacity for collection items and supplies. The lease can be closed, and the collection can be relocated at any time.
Summary
Competition:
- No other museum in New York City has a collection in this historical genre.
Potential Growth:
- The museum has developed strategic sales partnerships with third party vendors: TripAdvisor, Yelp, EventBrite etc.
- The museum has operated efficiently with 2 contracted guides who work 5 days a week at a rate of $15/hr. A contracted designer has worked two days a week, assisting with marketing and exhibit display layouts at a rate of $14/hr.