Art Gallery Inuit and First Nations Art For Sale

Business description

The gallery are specialists in Inuit and Northwest Coast First Nations Art and have one of Canada’s largest and best collections of Inuit carvings, wallhangings, graphics, masks, plaques, and paddles. The collection is believed to number more than 4,000 pieces of carvings and original art. The business was founded 39 years ago in Vancouver by its current owner and has operated continuously with the last fourteen years at it current location. Over the years, the business has established a reputation as specialists in original Inuit art and has attracted a wide following of individual and corporate customers. In recent years, the owner has been gradually reducing the retail exposure of the business but has maintained its impressive inventory of carvings and other works of art and now seeks retirement. The new owner, bringing energy, passion, and marketing skills could acquire the business for an amount equal to the value of its current collection, and leverage the company’s reputation and the burgeoning Inuit art market through 2010 and beyond to realise a significant return on the original investment in the business.

Property information

Real Estate:

Lease

Lease terms:

2,250 gross square feet (approximately). Through 31 May 2008: $3,200 per month. 1 June 2008 - 31 May 2009: $3,950 per month. Lease expires 31 May 2009.

Other information

Expansion potential:

Burgeoning Inuit art market through 2010 and beyond.

Support & training:

Seller to provide training for successful transition.

Reasons for selling:

Retirement.

Financing available:

Negotiable.

Furniture / Fixtures value:

$15,000 (included in the asking price)

Inventory / Stock value:

$735,000 (included in the asking price)