Turn-key Art Service Business with Recurring Revenue

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Asking Price:
$1,500,000

Gross Revenue:
$1,544,277
Cash Flow:
$356,664
EBITDA:
$318,264
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

This 22-year-old business provides a full range of fine art services primarily in the Pacific Northwest including installation, crating & packing, shipping & delivery, storage, and a west coast art transportation shuttle. It primarily serves art museums, art galleries, artists, trust companies, estates, and corporate and high net worth individual art collectors.

A rare combination of characteristics make it particularly attractive as a true turn-key acquisition target. It is small enough to be affordable for an opportunistic individual (who can likely finance it using a SBA loan), but avails itself to growth opportunities (such as an industry roll-up) that are commonly pursued by professional investors or strategic buyers.

A few highlights include: long-term repeat clients with roughly 37%-40% of the revenue coming from recurring- revenue storage; long-term management staff; double-digit annual growth based on repeat business and word-of-mouth; and strong diversification of revenue.

About the Business

Year Established:
1996
Number of Employees:
16
Relocatable:
Yes
Real Estate:
Leased
Facilities:
The facilities are leased, in good locations, and have the request climate control to protect valuable fine art. The equipment is in good condition.
Market Outlook/
Competition:
This is a highly fragmented industry with only one true direct competitor located in the Pacific Northwest. Most other companies target other regions. It is a high-trust industry given the handling and storage of very valuable one-of-a-kind pieces of art, with customers often attracted by the reputation of the company. This creates a barrier to entry for would-be new market entrants.
Growth & Expansion:
There are a number of opportunities for growth that have been identified including: wine storage, vintage collectable automobile storage, art conservation services, interior designer logistics and storage services, and acquiring other similar small companies in the industry that serve other geographic regions.
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About the Sale

Reason For Selling:
Seller's retirement.
Training/Support:
The business is turn-key with two key managers, and two additional cross-trained staff members who are groomed to take over should there ever be turnover in the two general manager positions. Consequently, staff will facilitate the transition. However, Seller will also make sure that a buyer is trained and prepared.
Seller Financing:
Up to 10% for qualified buyers

Listing Info

ID:
1483765
Ad Detail Views:
588

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Business Listed by

Eric Williams

Codiligent LLC
License# 200309075

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