Annual Revenue: $656,142
Net Cash Flow: $269,628
Industry: Retail, Art
Location: Nassau County, NY
Business offers a wide selection of fine art from well-known national and international artists, as well as a unique selection of original vintage posters and prints. In addition, it offers professional consultation, design, framing, installation and delivery services to its residential and commercial clients. The Company’s highly-visible 3,000 SFT retail showroom is located on a major road and provides it with an ideal location from which it serves some of the most affluent neighborhoods in the country.
• Well-known brand with consistent profitability that has been serving its community for 15 years.
• Highly-attractive, residential and commercial client demographics — loyal customer base located in some of the wealthiest communities in the country with low price sensitivity.
• High-visibility and large retail store on major road and is ideally-positioned geographically to serve some of country’s most affluent neighborhoods with little-to-no competition.
• Specialization and well-established history has created exceptionally strong relationships with nationally and internationally known artists and highly sought-after publishers.
• Turnkey operation with extensive inventory – makes the business highly attractive to a buyer who desires to establish an instant presence with credibility in this very attractive market.
• Very attractive 10-year lease negotiated at below-market rates.
The Company is currently run by two partners who would like to retire. However, they are receptive to staying on for as long as necessary in order to help transition the business successfully.
Growth and Expansion
Company does not have a strong web presence and does not currently accept online orders. A small investment in an online catalog, order fulfillment system and online marketing would be expected to generate significant growth. Other opportunities include increased marketing to commercial accounts, offering additional highly-popular art genres and increased promotions and events.
FFE: $30,000 (Included in Price)
Inventory: $50,000 (Included in Price)
3,000 Sq. ft.