Gorgeous Established SE FL Art Gallery with Great Cash Flow

It has been a great 20 (+) year run for the owners of this outstanding SE Florida art gallery, but with plans for retirement approaching, the owners look forward to a successful transition to the gallery’s next generation of ownership.

The 2300 square foot gallery is located in a lushly landscaped and unique retail oasis surrounded by upscale stores, including both national retailers and independent boutiques. Situated in an affluent coastal enclave with a vibrant arts culture, the Gallery caters to dozen of luxury gated communities. The area is easily accessible to seasonal and full-time residents through a local jetport.

Since its inception, the Gallery has represented nearly 40 talented artists who have been carefully curated to complement one another and appeal to the in-demand coastal aesthetic. The Galley is an established destination for art lovers and collectors alike, and a valued resource for local and national interior design firms. The Gallery counts among its many clients prominent American and international families as well as captains of finance and industry.

And if you think the Gallery and its artwork are spectacular, let’s take look the financials. Over the last 10 years, the Gallery has average $1.0 million of annual revenue including $2.0 (+) million in 2023 and 2024 combined.

With so much wealth and good taste in the surrounding area, it is no surprise that there is no client concentration at the Gallery. The top ten customers in 2023-24 combined accounted for just 17% of total revenues which means that the Gallery has a broad and active client base, many of whom live literally within walking distance of the Gallery. Also, it hasn’t hurt that there are no competitive galleries in the general vicinity. And the Gallery’s has an outstanding cash flow as it has standard sale terms of “cash”, so the Gallery does not have to carry any A/R.

Over the past four years, the Gallery recorded nearly $300,000 on average annual SDE (the historical, normalized cash flow available to pay owners and service debt) which when applied to a competitive 3.40x SDE multiple results in a $988,000 list price for the Gallery, of which the sellers will carry a low six figure note for a qualified buyer. With only 10% down, the buyer’s 90% balance can be financed with a combination of SBA and seller 10 year term loans with a combined annual debt service estimated at $126,000. With an average annual SDE of $290,000, there is on average an impressive $164,000 ($290,000 - $126,000 = $164,000) annually available post debt service to pay the new owner-operator.

To learn more about this terrific, high cash-flowing niche business with significant barriers to entry, please contact Mike Greengard ([email protected]) or call anytime: 616-450-0707.