Price Reduced. Sales up 3%, Seller’s Discretionary Earnings up 11% (2016). Owners Motivated.
This Profitable Specialty Retail shop with Functional Affordable Art is located in a beach city in N. San Diego County in an affluent primary market. It’s a gallery created to showcase a beautiful collection of functional art pieces. Located in a busy destination shopping area in a high traffic area. They showcase a beautiful collection of work from over 100 American artists. They offer handcrafted pieces from artists working in organic forms and beautiful colors in ceramics, jewelry, and art to wear, fiber art, home decor, garden art and blown glass and wood; all unique finds to attract repeat customers.
The owners’ inspiration: “To find art that will decorate your home, stimulate your senses and inspire your soul.”
For a Buyer this is a lifestyle: Beach environment, artistic lifestyle and the love of bringing truly beautiful functional art to their customers to enjoy.
Sales thru the end of 2016 were $254,512 with cash flow of $53,276. Sales grew at 3.2% over 2015 and cash flow grew at ¬10.8%%. The asking price is $94,999 plus inventory which currently is around $26,000. The owners say that this shop’s sales were higher for the first year than any of their prior shops in 5 other US locations. Their 10-year flagship store has sales more than 3 times this two- year-old shop. The owners say, they build by getting their name out and advertising and promotion. Have website. Good books and records.
This is an opportunity for a Buyer to step into the operation of a legacy retail operation, proven successful in a number of resort locations. The owners are choosing to sell to downsize to their flagship store, for health concerns.
The owner has met all of the artists they display, actually know who is making these pieces, and are always on the lookout for new artists or local talent. This gallery has a core group of artists that they also represent in their flagship shop, some over 20 years, other artists are local finds. Transferable relationships. One P/T employee and others to occasionally fill in, plus one owner operator.
Seller will train buyer and introduce Buyer to artists and vendors of the beautiful handcrafted art work. Seller has also accompanied Buyers to a major trade show to introduce them to the artists and vendors.
Disclaimer: The information above was furnished by the seller. Broker or its agents have not verified the information and makes no representations as to its accuracy or reliability.
Asking Price $94,999
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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.