Attention Art Lovers

Auckland City

$345,000

Proposed Usage
Retail
Description:
Property ID
1bzj9g6

This is a great opportunity that will appeal to lovers of fine art. Current profits are over $170,000 pa.

This long-established gallery deals in the sale and hire of original New Zealand artwork. During its 44 years of trading it has built up a loyal and regular clientele and they provide a significant amount of repeat business.

The gallery has a great reputation in the market and the business is both strong and profitable, making over $170,000 in 2017. Unlike many of its competitors, the gallery has 2 distinct income streams.

The rental side of the business caters to both corporate and residential clients, providing both long and short-term hires. Pieces are often rented for use in home staging, and while sales occur directly to customers, many sales happen as a result of these rental agreements. The customer finds they love the piece so much that they can't part with it.

The gallery has around 900 pieces of art available at any one time and even with the many pieces out on hire, there is still a huge selection available from over 100 artists.

There is an experienced staff member and this, combined with a well-written manual on how to run the business, should make for a trouble-free transition to new ownership.

If you are an art lover and dream of owning a strong and profitable gallery, give me a call, this may well be the business for you.

Price $345,000 all inclusive.
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