Profitable Art Gallery in Blue Mountain Village

ASKING PRICE:
$12,500,000

LISTING DETAILS:

LISTING ID: 3326

TYPE OF SALE: Asset

MLS CODE: Exclusive

INDUSTRY: Retail - Stores

REASON FOR SALE:

TRAINING & SUPPORT: Yes

DESCRIPTION:

This beautiful art gallery has been in business for almost 15 years. It offers a wide variety of unique paintings and sculptures. Prime, very visible, high traffic location in the popular tourist town of Blue Mountain Village. The reputation and consistency of quality have earned the gallery the trust and patronage of their customers. As Ontario's favourite destination for Canadian fine art, their primary focus is selecting established Canadian artists whose work is known from coast to coast which will appeal to first time purchasers to seasoned collectors alike. Seller is retiring and looking to pass on this gem to the right buyer. This amazing deal won't last! Buyer VTB available. Listing ID: 3326

COMPANY INFORMATION:

YEAR ESTABLISHED: 2006

FRANCHISE: No

SQUARE FOOTAGE: 1,308 sq ft

MONTHLY RENT: $7,923 pm (incl TMI) + HST

FINANCIAL INFORMATION:

GROSS REVENUE: $52,700,000

SDE: $6,700,000

FINANCING/TERMS: Financing Can Be Arranged For The Right Candidate

FFE INCLUDED: Yes

INVENTORY INCLUDED: No

EBITDA: N/A

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DISCLAIMER:

The information in this listing has been provided by the business seller. Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.