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Art Gallery and Art Bar

 

PROFILE    
Description:    The art gallery and art bar consist of two symbiotic businesses, where either can stand alone but work extremely well together for a number of reasons. The art gallery is an established country gallery representing artists of many mediums, including fine arts, bronze and driftwood sculptures, ceramic art, prints, photographs, beadwork, and high end crafts. The art bar is a popular adjunct to the gallery which allows customers to purchase items in bisque form which they can hand paint on site. These are then fired and glazed for them on site; popular with school groups and team building as well as family outings.
Industry / Sector:    Retail - Other
LOCATION    
State / Province:    KwaZulu-Natal RSA
City / Town:    KZN Midlands Meander
Location / Area:    Lions River
Portability:    Zero Portability - This business can only operate from the area specified. There is no potential whatever for it to be relocated elsewhere.
PRICE    
Asking Price:    R 1 900 000
FINANCIAL & OPERATING INFORMATION    
Turnover:    - not disclosed -
Profit:    - not disclosed -
No. of Staff:    3
Year Established:    2007
Legal Persona:    Close Corporation
Other Information:     

  PREMISES  
Lease in place, eight years of a ten year lease available.

  STAFFING  
Owners plus 1 staff member.

  MARKET and CUSTOMERS  
A loyal customer base returns regularly to appraise and buy new stock. The business is situated in the busiest retail area of the Midlands Meander which attracts a large volume of locals and tourists. The business is the only art gallery and art bar in the KZN Midlands.

  LIFESTYLE ISSUES  
The gallery and art bar are open seven days a week from 9.00am to 5.00pm

  REASON FOR SALE  
The present owners wish to spend half of the year overseas and follow their passion for travel.

  AVAILABILITY of AUDITED FINANCIALS  
All up to date audited financials and valuation will be made available once a prospective purchasers bona fides have been established.

  PROOF of FUNDING REQUIREMENT  
Interested parties MUST be able to prove that they have access to the required funds to finance a cash transaction purchase.

  HANDOVER ARRANGEMENTS and TRAINING  
The present owners will provide support and training to a successful purchaser for a period of one month as a handover period.


 

 

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Record ID: 2759
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