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Business for Sale Summary

One of a Kind Antique Store for sale in NY - 34969

Business Type: art/mirror/framing retail,gift and specialty retail,home furniture/ furnishings,misc. retail/non-classifiable,non-classifiable establishments,seller financing available,art galleries
Owner Financing
One of a Kind Antique Store for sale in NY
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Financial Information (non-confidential)

General Information
Asking Price $3,000,000 Down Payment $2,000,000
Gross Revenues $750,000 Lease Remaining Register Free to View
Owner’s Cash Flow $200,000 Number of FT Employees Register Free to View

Financing

$2,000,000 Down and $1m at 5% for 36 months

Business Description

Amazing antique store for sale. This store is an incredible display of mid 19th century European artifacts that must really be seen to be appreciated. Most items are 150 to 200 years old and were cherished by the super wealthy. All pieces are the best of quality, and many are priced in the tens of thousands of dollars. The full collection has an estimated retail value of over 10 million. The entire store is packed from floor to ceiling with extravagant, museum quality artwork, vases, urns, plateware, lamps, dressers figurines, and much much more. Names such as Meissen, Royal Vienna, Armani, Sevres are just some of the high-end luxury items on display. An entire cabinet is dedicated to sterling silver items and marble statues line the floor. Everything is in great to excellent condition. The seller amassed this incredible collection from over 40 years in the business. Current owner is ready to retire and must let the store go. The owner is widely known in the antique world and people travel hundreds of miles to see her collection. They have connections in Hollywood, who end up buying pieces from her shop for movies and shows. There is also a separate garage filled with even more collectibles. There is 8 years left on the lease and the seller is willing to stay on for 6 months to introduce the new owner to all of their contacts. This sale price includes ALL INVENTORY. There is a tremendous opportunity for growth as the seller currently has no web/internet presence. Seller will offer financing to a qualified buyer. To really appreciate this collection you must see it in person. Proof of funds required. Bring your best offer forward as the prices of art can be subjective and prospective buyers are welcome to come down and appraise it themselves. Pictures do these fabulous works of art no justice. Please contact Ross Lombardo at 917-881-7441 or email at rlombardo@vestedbb.com.

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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.