Listing ID: 74854
Edward’s Gallery is Located on fashionable El Paseo in Palm Desert. The perfect gallery for those looking to acquire contemporary modern art pieces including sculptures, oil canvas self/family portraits, custom wall & ceiling murals, bronze, marble & granite pieces. They have a fine selection of art on consignment from many well-known artists. This is a perfect turn-key business for an entrepreneur who enjoys fine art and working with successful, talented artists. Please call the broker for more details on this property and to arrange a showing.
This information while not guaranteed has been obtained from sources deemed reliable. The buyer must verify the information and bear all risks for any inaccuracies. DRE #01366091 000021822
- Asking Price: $125,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,100
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Will train for an agreed amount of time.
Other business interest.
The company was started in 2019, making the business 3 years old.
The company has 2 employees and resides in a building with disclosed square footage of 1,100 sq ft.
The building is leased by the company for $2,800 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals decide to sell businesses. Nevertheless, the true reason and the one they tell you might be 2 entirely different things. For instance, they might say "I have way too many other responsibilities" or "I am retiring". For many sellers, these reasons are valid. But, for some, these may simply be excuses to attempt to conceal the reality of changing demographics, increased competition, current decrease in revenues, or a range of other factors. This is why it is extremely crucial that you not count completely on a seller's word, however instead, make use of the vendor's response in conjunction with your general due diligence. This will paint a much more sensible picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of companies finance loans so as to cover things such as inventory, payroll, accounts payable, so on and so forth. Remember that sometimes this can imply that profit margins are too small. Numerous organisations come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that have to be met or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area draw in new consumers? Often times, companies have repeat customers, which create the core of their day-to-day revenues. Certain factors such as brand-new competitors growing up around the area, roadway building, and staff turnover can influence repeat customers and also negatively influence future incomes. One crucial thing to think about is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Obviously, the more people that see the business regularly, the higher the possibility to develop a returning client base. A final idea is the general area demographics. Is the business placed in a largely inhabited city, or is it located on the outskirts of town? Exactly how might the regional average home income influence future revenue prospects?