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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 1 750 000

FINANCIAL & OPERATING INFORMATION

Turnover:

- not disclosed -

Profit:

- not disclosed -

No. of Staff:

Year Established:

2007

Legal Persona:

Close Corporation

Other Information:

PREMISES
Lease in place, six 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 owners are needing to relocate.

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.

Access a ''Contact Form'' where you can provide your own contact details and ask any relevant questions. The form will be sent directly and immediately to the seller of this business.

Record ID: 2824

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