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NYC Museum with valuable collection – Sold

Price: $800,000

Annual Revenue: $635,065

Net Cash Flow: $83,212

Industry: Services

Location: New York

This business has been sold. 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.

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.

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