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North LA County

  • Listing Number: 130-20815

  • Category: Leisure/Entertainment

Asking Price $399,000
Down Payment
Gross Revenue $680,000
Total Adjusted Net Income $239,869
Equipment / Fixtures $16,500
Year Established 2019
General Location North LA County
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This business is a new-concept art gallery designed give artists the opportunity to exhibit their work in a professional setting, and those that appreciate art the ability to purchase and collect great art in the process. It is located in a highly sought after and historic location that draws highly affluent clientele as well as celebrity foot traffic. This new-concept gallery offers collectors the opportunity to discover new artists that would not otherwise be represented in regular commercial galleries.  Other art galleries have such high overhead that they simply cannot afford to take an unproven artist on – leaving a huge market of excellent yet unrepresented artists hungry for sales and exposure! This is the market that this gallery serves. Each artist pays monthly, agreeing to at least a minimum 3-month term, creating enough income to cover all expenses and put money into the pockets of the Owner – before selling a single work of art. In exchange for the monthly stipend, this gallery supplies the artists with a prestigious venue to show their work, exposure on their websites and social media as well as represent them to designers and decorators.  And there is tremendous potential for growth, both with finding artists (the business currently has 10 artists on their waiting list), as well as in the potential for sales to their affluent clientele. So, if you are passionate about the arts, excited about the opportunity to support local artists, comfortable dealing with high-net-worth clients, and don’t mind making money – this is an opportunity of a lifetime! It also includes $100,000 in inventory in the sale price.

Gross Revenue $680,000 Listed Price $399,000
Total Income $239,869 Down Payment
Base Rent $4,500 Square Feet 2500
Total Rent $4,500 Lease Expiration 12/2021
Rent Deposit Lease Options
Inventory $100,000 Leasehold Improvements $0
Equipment / Fixtures $16,500 Other Assets
Full-Time Employees 1 Training Period 4 Weeks
Part-Time Employees 1 Special License Required
Contract Staff 1 Reason for Selling Moving out of state

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

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