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After three decades immersed in the art industry, the proprietor of a distinguished gallery and art advisory firm in Cincinnati is contemplating retirement. Having meticulously crafted a thriving, ready-to-go, and lucrative enterprise, she is now seeking a successor to seamlessly take the reins. The sale encompasses a pre-negotiated lease for the expansive 13,000-square-foot space, an authentic source of inspiration. Within this space, one discovers a 103-year-old historic entrance door, captivating vintage crystal chandeliers, resilient hardwood floors, a fully equipped kitchen, and an immersive art room. Additionally, the property boasts a sought-after artist studio exclusively affiliated with the company, a fully functional custom and contract framing facility, exhibition space accommodating hundreds of artworks (ranging from paintings to sculptures), and well-appointed offices for the dedicated staff of eight. Beyond the core revenue streams from art and framing sales, the business benefits from supplementary income derived through a monthly membership program for artists, co-working initiatives within the gallery, national exhibitions, and rental fees for the gallery space, catering to non-profits, corporate clients, and various local and regional organizations. The committed and knowledgeable team efficiently manages the day-to-day operations. This opportunity is a dream for an entrepreneur with a passion for art and design, a penchant for travel and entertaining, and a desire to collaborate with influential corporate and private art collectors. The current owner is open to remaining involved for as long as necessary, providing client introductions, consultation services, and guidance on any matters requiring attention.

Additional Details

  • Listing Type*:Established Business
  • Gross Revenue:1800000
  • Cash Flow:426000
  • EBITDA:360000
  • Inventory Value:1000
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  • Inventory Included In Asking Price:Yes
  • Real Estate:Leased
  • Rent:8200
  • Number of Employees:9
  • Year Established:1996
  • Facilities and Assets:Historic front door, all high end gallery furniture (sofas, chairs, tables, pedestals), office furniture for 10 employees, new computers/monitors, phone system, 5' crystal chandeliers, Italian lighting, full kitchen, two bathrooms and so much more. All framing equipment (saws, glass and mat cutters, drymount machine) is also included Artwork shown in the gallery is all on consignment. The new owner isn't required to purchase any inventory.
  • Support and Training:Turnkey handoff with continued support
  • Market and Competition:There is no art consulting firm like us. The competition is smaller local galleries selling to individuals and a couple of firms similar to ours specializing in corporate, healthcare buyers.
  • Business Structure:Limited Liability Company

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  • Asking Price: $1,225,000
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