Description of the business for sale
This Fine Art Gallery is located in the most exclusive art district in Denver. The business is well known locally and nationally, and maintains an excellent reputation. The featured artists are primarily nationally and internationally acclaimed. The gallery offers both limited editions and original art. Sales exceed $2,000,000 with a very extensive inventory. Top-line growth has surpassed 20% per annum over the past three years. In 2005, the COGS exceeded the previous year's COGS/Sales ratio of approximately 48%. This was attributed to an additional $252,248. of art that was purchased for inventory, substantially reducing the companies operating and net income. This '05 figure represents art purchases over and above that necessary to maintain the aforementioned top-line growth rate. The seller currently owns the real estate, and will provide favourable lease terms to a prospective buyer.
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Description of the facilities
Furniture, fixtures, and equipment = 61752
Furniture, fixtures, and equipment included: Y
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