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NYC Museum for Sale – Includes valuable collection

Price: $1,450,000

Annual Revenue: $551,853

Net Cash Flow: $35,719

Industry: Services

Location: New York

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 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.

Listing Details

FFE: $1,100,000 (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.

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