Business Overview

In recent years this Art Gallery has been named “Best Of ” for Local Artists 11 years in a row.
Great Location!!!! Great Location!!!! Great Location!!!!
This spacious 10,000 sq ft building is conveniently located on .78 acres at the Gateway to Calabash NC and the Carolina Shore in a high traffic, highly desirable Coastal Community.
Easily accessible to a major highway and two international airports.
There is ground level entry for handicap accessibility and a rear loading dock with service road entry.

Owner Financing for qualified individuals with a significant downpayment.

Large Property and Building with incredible Potential!!

Unique Space with Art Inspired Vibe…
This Creative Venue is just the right setting for luncheon meetings, Offsite Retreats, Receptions and Wedding Showers…
It is very comfortable and inviting with flexible space for a variety of needs and events.
There is a small kitchen and staging area that could be upscaled for an interior cafe, bistro or wine bar.
There are currently classroom spaces that are perfect for art workshops and classes of all types.

A Cultural Masterpiece at the Gateway to one of the areas most well known Seafood Beach Towns in the Carolinas. Flooded with tourist traffic and locals as well.
This vibrant and profitable art gallery is located in a historic Southeastern Coastal Community. This venue has hosted many events including fundraisers, art shows and educational classes on the State and local level. They have held Author Events and book signings for many artists. It also has a clay studio with 2 kilns The gourmet coffee and wine get togethers lend a home atmosphere for our late evening gatherings. The location is very well known.
There are also many new things you could do with this building and land with close to 10,000 sq ft of space under roof on over 3/4 of an acre of land. There is a loading dock area in the back of the building connected to a side street to make large deliveries easier.
The gallery has continuously opened their doors to launch contemporary and local artists from North and South Carolina.
This local gallery has original paintings from dozens of artists.

Entrepreneurs know “Dreams are made by creating a new vision” and this is the place to do it.
Rewards await a buyer who applies savvy business skill along with exhibitions powered by social and SEO marketing. The owner is willing to stay on to help with a smooth transition.
There is no competition for this business for miles around.
10,000 square foot building with loading ramp.

Financial

  • Asking Price: $698,000
  • Cash Flow: $148,338
  • Gross Revenue: $391,433
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $6,000
  • Inventory Included: Yes
  • Established: N/A

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:5
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

retirement

Additional Info

The sale shall include inventory valued at $6,000, which is included in the listing price.

Why is the Current Owner Selling The Business?

There are all types of reasons why people resolve to sell operating businesses. However, the genuine factor vs the one they tell you may be 2 entirely different things. For instance, they might say "I have too many other responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these may simply be justifications to attempt to conceal the reality of changing demographics, increased competition, recent decrease in incomes, or a range of other reasons. This is why it is really essential that you not rely absolutely on a seller's word, however rather, utilize the seller's answer combined with your general due diligence. This will paint an extra practical picture of the business's existing scenario.

Existing Debts and Future Obligations

If the current company is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Numerous operating businesses take out loans in order to cover points such as stock, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can imply that revenue margins are too small. Many businesses fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that must be fulfilled or may cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location draw in brand-new consumers? Most times, companies have repeat customers, which create the core of their everyday revenues. Particular aspects such as brand-new competition sprouting up around the area, roadway building, and also employee turn over can influence repeat customers as well as negatively impact future earnings. One vital thing to consider is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more people that see the business often, the greater the possibility to build a returning client base. A last idea is the general location demographics. Is the business situated in a largely inhabited city, or is it located on the edge of town? Exactly how might the neighborhood median home income impact future earnings prospects?