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Business for Sale Summary

Interior Design Center & Art Gallery in NYC - 32975

Business Type: art galleries,art/mirror/framing retail,home furniture/ furnishings,misc. construction/non-classifiable,misc. servicel/non-classifiable,seller financing available,interior decorator/design
 Interior Design Center & Art Gallery in NYC
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Financial Information (non-confidential)

General Information
Asking Price $1,200,000 Down Payment $800,000
Gross Revenues $1,983,247 Lease Remaining Register Free to View
Owner’s Cash Flow $770,465 Number of FT Employees Register Free to View

Financing

$800,000 Down and $400,000.00 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. After 30 years in business, the owner of this full-service, custom interior design provider and art gallery is now ready to sell, but not before imparting his valuable know-how, customer accounts, and vendor relationships to you. He is also open to taking on a value-add strategic partner. It provides services to residential properties and corporate office buildings; gymnasiums; hotels; restaurants, etc. Its fully customizable products include: museum quality framing for fine art, mirror and glass work, closets, showers, backsplashes for kitchen and bathroom, and storefronts. Its consultants work from the drawings and measurements provided by designers and architects.You now have the opportunity to acquire this rare gem at only 1.5 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. The seller will discuss the unusual, but very favorable lease situation with you, when you meet with him in person. Only 20% 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 phone or text at 917-912-3282 or by email at jaygoldman@vestedbb.com. Please first go to www.vestedbb.com to become a free registered buyer under listing 32975, if you are new to Vested Business Brokers.

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.