Business for Sale in DARTMOUTH, Devon ART GALLERY

Key Information

Reference

AC35977N

Tenure

Leasehold

Status

For Sale

Region

Devon

Sector

Art Galleries

Annual Sales

£358,728.00 Exc. VAT

Accommodation

No

Business Information

Exceptional ART GALLERY, highly profitable, situated in the affluent highly desirable SOUTH DEVON waterside town of DARTMOUTH, voted in 2023 as one of the best seaside towns in which to live. Attracting visitors throughout the year, host to holiday homes, second homes and visiting cruise ships, ensures an abundance of regular and repeat trade. Benefiting from high profile town centre trading position, fronting busy thoroughfare, masses of pedestrian flow, close to the ‘Embankment’ from where river cruises depart.

Unique eye catching premises, substantial character curved glazed frontage considered most valuable, the likes of which rarely become available. Extending over 2 floors, approaching 1,000 square feet, providing ground floor air conditioned gallery area complete with staff kitchen and cloakroom. Benefiting from easy access customer friendly staircase to first floor, currently provides large store, which could provide additional gallery area, additional inter-connecting store/office.

Destination business, established in excess of 20 years, approaching 15 years current ownership, retirement sale. Retailing quality originals, limited edition prints, bronzes, sculptures, and ceramics for all budgets. Stocking items from a valuable database of approx. 30 core artists, in particular local artists, with numerous approaches received and waiting list held. Sales 2023 £358,728 ex Vat, Gross Profit £182,319 (51%), impressive six figure Net Profit, scope to increase through expanding gallery, exhibitions, & online sales.

Leasehold £189,000 sav Ref: AC35977N