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Art Supplies, Custom Framing, Art Gallery, Art Instruction For Sale

Wyoming, US
Asking Price:
$148,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$230,039 (USD)
Cash Flow:
$33,563 (USD)

Traditional art supply store catering to all artists amateur through professional, art courses, art gallery, custom framing, yarn, knitting supplies and coffee shop. Located in a restored downtown building listed on the national historic registry, this well-lit, beautiful shop caters to serious artists that want to see and feel the tools and supplies used in their craft. Carrying the finest brushes, paints, knives, pencils, pastels, inks, papers and other supplies, this is an old-time specialty art supply store with a very loyal clientele. The store offers art classes, knitting club and other social gatherings. The coffee shop and art gallery are the perfect place for gatherings or for some quiet time on the Internet. The store specializes in custom framing and caters to clients all over the State with the largest supply of framing materials, mats and specialty glass in the region.

Property Information

Real Estate:

Lease

Premises Details:

Located in approximately 4,500 square feet, the store is divided into a retail area and a second art gallery / coffee shop. The natural division of the two spaces lends to the quiet and quaint atmosphere in the art gallery / coffee shop versus the bright colors and vibrant conversation in the retail area. The store is located in a beautiful building that is on the National Registry of Historic Buildings. The business has been in the same location for over 70 years. With modern wood-grain vinyl plank floors, wall colors and bright natural skylights to create a beautiful and inviting atmosphere that is enjoyable for all. It is just a wonderful shop to walk into and browse, even if you are not an artist. The retail offering includes gallery quality art, stationary, note cards and fun toys for the kids. It is a must stop while shopping downtown.

Business Operation

Expansion Potential:

The sales were growing steadily pre-COVID. There is every reason to believe that the coffee shop and art classes will continue to grow over time. The response to the coffee shop has been overwhelmingly positive and the owner anticipates strong growth in the coffee shop. This is a retail business in a time of big box stores and on-line orders. Incremental growth is accomplished through customer service and earning customer loyalty. The coffee shop is a key component to set this business apart from impersonal on-line sources. All of the different parts of this business compliment the others and combined, it is a very stable, fun and rewarding business.

Competition / Market:

The competition for the shop comes from the big-box stores in the area. This business concentrates on higher-end tools and supplies that are typically not offered by the large chain stores. The art and supply side of the store caters to customers that are looking for selection, the shopping experience, advice and friendship. On the framing side, most of the competition is from big-box stores selling pre-made frames. This business specializes in premium custom made frames, matting and glass for special art. The gallery has a very good reputation with a list of artists that want to display their work in the shop. The gallery does not compete with other galleries typically found in the western part of the State. The coffee shop caters to more discerning guests looking for the ultimate coffee beverage combined with a beautiful and quiet place to meet. There are competitors in the area, but they cater to a different clientele.

Reasons for selling:

Owner is ready to retire.

Trading hours:

Mon-Fri 10am-5:30pm; Sat 10am-3pm

Employees:
2 FT /1 PT
Years established:
8

Other Information

Support & training:

Will train for 4 weeks @ $0 cost.

Standard municipal business license and a limited health department license for the coffee shop. Owner has one of the finest coffee machines in town along with specialty coffees that are chosen for their quality, source and sustainability. All of the snacks are carefully selected for taste and nutritional value. If you want an enjoyable cup of coffee, espresso, cappuccino or other specialty drink, this is the place to go.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

$133,200 down/$14,800 over 60 mos. @ 5%

Furniture / Fixtures value:
$28,000 (USD) - included in the asking price
Inventory / Stock value:
$70,000 (USD) - included in the asking price

Contact Murphy Business & Financial

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