25+ Year Successful Aspen Art Gallery For Sale
ASKING PRICE: $1,200,000
LOCATION: Aspen, Colorado
GROSS REVENUE: $1,784,600
CASH FLOW: $488,863
INVENTORY: $206,781 (Included in price: Yes)
YEAR ESTABLISHED: 1999
FFE: $10,000 (Included in price: Yes)
Well-known western heritage vintage photography and contemporary art gallery located in Aspen is now for sale. This gallery is well established at the forefront of the art scene with a very loyal local and national clientele attracted to this highly visited area. In business for over 25 years, this business has an extensive customer list that is mined via regular email communications. The business provides a vital connection for its customers to featured western heritage artists. The owner will support a smooth transition with an ongoing consulting role. Opportunities exist to expand the business with a larger store and increased social media and ecommerce. This business would be a super acquisition for someone with energy and artistic vision to continue the growth of this lifestyle business. Purchase price includes furniture, fixtures & equipment, inventory and training/transition assistance from the existing owner. SDE has been adjusted to include higher expected rent in moving to a larger retail location.
The business currently occupies 497 sf of leased retail showroom in Aspen. The owner is negotiating a new lease in a larger space to accommodate growth of the gallery.
Little direct competition and there is always a market for great art in the wealthiest zip code in the country!
A larger gallery space will allow additional featured artists. Growth can also come from modernized e-commerce website, social media and directed marketing.
Seller will provide effective training and knowledge transfer to the Buyer in all matters relating to Company operations.
The Seller will entertain offers of varying financial and legal structures.