1. Home
  2. Businesses for Sale
  3. New York
  4. Art/mirror/framing Retail
Business for Sale Summary

Art Framing & Gallery for Sale in NYC - 32975

Business Type: art galleries,home furniture/ furnishings,misc. construction/non-classifiable,misc. service/non-classifiable,seller financing available,interior decorator/design,art/mirror/framing retail
Owner Financing
Art Framing & Gallery for Sale in NYC
Get Instant Access to the Business Financial Information

Take Action

This Listing Has Not Been Added to Your Portfolio Add this listing to your portfolio to view confidential financial info
View Financials Free Get the Address Click Here
*Some information is only available to registered members. Please login or register to view confidential information.
This business has received 153 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $1,000,000 Down Payment $750,000
Gross Revenues $993,000 Lease Remaining Register Free to View
Owner’s Cash Flow $359,000 Number of FT Employees Register Free to View

Financing

$750,000 Down and $250,000.00 at 6% over 24 months

Business Description

This business is roaring back now that the worst of the Covid-19 pandemic seems to have passed in NYC. In fact, 2020 was a pretty good year for it considering. After 30 years in business, the owner of this full-service art framing and gallery that also also provides installation services, is now ready to sell, but not before imparting his valuable know-how, customer accounts, and vendor relationships to you. He is also more than open to taking on a value-added strategic investing partner. Its fully customizable products include: museum quality framing for fine art, mirror and glass work, closets, showers, backsplashes for kitchen and bathroom, and storefronts. You now have the opportunity to acquire this rare gem at less than 3 times the owner's discretionary cash flow. Additionally, $75,000 of raw and finished inventory and $75,000 in tools and equipment are included in the asking price. Only 30% of the business generated is location dependent, though that may be changing, given the new and increased emphasis on the art gallery. Please do not say anything to the employees or customers when visiting the location, as they do not know it's for sale. Kindly then contact the listing broker, Jay Goldman, if you would like to meet with the seller to get a tour of the facilities and ask some questions. Mr. Goldman can be reached by email at jaygoldman@vestedbb.com. If you are new to Vested Business Brokers, please first go to www.vestedbb.com to become a free registered buyer under listing 32975. To obtain the name & address right away, kindly upgrade to premium membership.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

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.