Listing ID: 72495
THIS OWNER HAS A HUGE COMMERCIAL ART COLLECTION TO BE MARKETED WORLDWIDE ON THE INTERNET.
- Asking Price: $1,000,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1970
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
THOUSANDS OF ORIGINAL COPYWRITED PAINTINGS AVAILABLE NOWHERE ELSE
THE OWNER IS A WELL KNOWN PERSONALITY AND ARTIST AND HAS HAD A GREAT DEAL OF PRESS OVER THE YEARS
Competition: SINCE THIS IS A UNIQUE COPYWRITED COLLECTION THERE IS NO DIRECT COMPETITION IN MARKETING THESE IMAGES. MOST OTHER SITES MARKET SIMILAR(TO EACH OTHER) WELL KNOWN IMAGES. THIS COLLECTION IS SHOWN NOWHERE ELSE AND IT IS THEREFORE A MOST UNIQUELY COMPETITIVE BUSINESS MODEL. IT IS ALSO PRICED BETTER THAN ANY COMPETITIVE COLLECTION. IT IS ALSO THE LARGEST COLLECTION OF IT'S KIND AVAILABLE ANYWHERE IN THE WORLD. Potential Growth: THE BUSINESS PLAN IS TO BE THE ITUNES OF THE ART WORLD AND IT WILL CERTAINLY ATTAIN THAT STATUS.
The venture was established in 1970, making the business 52 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people decide to sell businesses. However, the genuine factor vs the one they tell you may be 2 completely different things. For instance, they may state "I have a lot of various commitments" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these might simply be justifications to attempt to hide the reality of altering demographics, increased competition, current reduction in incomes, or an array of various other factors. This is why it is very important that you not count entirely on a seller's word, however instead, use the vendor's answer together with your overall due diligence. This will repaint a much more reasonable image of the business's current scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many operating businesses take out loans so as to cover items like supplies, payroll, accounts payable, etc. Bear in mind that in some cases this can mean that profit margins are too thin. Lots of companies fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future commitments to think about. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that need to be satisfied or might lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area bring in new consumers? Most times, businesses have repeat consumers, which create the core of their everyday revenues. Particular aspects such as brand-new competitors sprouting up around the location, roadway building, and staff turn over can impact repeat customers as well as adversely affect future revenues. One important point to think about is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Obviously, the more people that see the business on a regular basis, the greater the possibility to develop a returning client base. A last idea is the basic area demographics. Is the business placed in a densely inhabited city, or is it situated on the edge of town? Just how might the local typical house income effect future revenue prospects?