November 22, 2009
 
 
Antique Gallery  •  $595,000

Location: Santa Barbara
Seller: Michael Russell
Phone: 831-625-5581, 831-915-7317
 
 
About This Business
BizBen Ad #: 123720
Status: Available
Start Date: 10/6/09
Last Revised: 12/31/69
Location: Santa Barbara
County: Santa Barbara
City: Santa Barbara
Contact Information
Seller or Contact: Michael Russell
Primary Phone: 831-625-5581
Alternate Phone: 831-915-7317
Email: info@carmelbizsales.com
 
 
Financial Information
Asking Price: $595,000
Down Payment: $595,000+ I
Annual Cash Flow: $250,000+
Annual Revenue: $2,800,000
Detailed Information
Franchise: No
Relocatable: No
Home Based: No
Real Estate Included: No
Broker To Broker Cooperation: Call
 
 
Business Summary
Located In A Prime Location Of A Picturesque European Heavily Visited Tourist Village Attracting More Than 3 Million Visitors Each Year And Established Over 33 Years Ago, Is This World Class Antique Gallery. Imagine Walking Into 65 Museums At Once, Showcasing 16th, 17th, 18th ,19th Century American And European Pieces. This Gallery Offers The Largest Selection Of Fine Antique Furniture, Clocks, Authentic Automatic Music Boxes, Antique Lighting, Estate Jewelry, Rugs, Paintings, Sculpture, Porcelain, Silver, Telephones, Hotel Bells, And Thousands Of Hard To Find Collector Items. The Business Maintains A Sophisticated Pos System, Streamlining The Inventory And Sales Tracking Processes. With A Mature Detailed Web Site Resulting In Many 5 And 6 Figure Sales. You Will Be Purchasing The Inventory At A Fraction Of Today’s Replacement Value.

This Is A Turnkey Business Not Requiring Intimate Knowledge Of The Antique Pieces Because Of The Business Model Set Up By The Current Owners With The Day To Day Responsibilities Assumed By The Seasoned Sales Staff (18 Years Average). Coordinating With The Dealers And Consignors, Applying This Delegation Of Responsibility Has Allowed Enormous Freedom To The Current Owners. To Ease The Transition: The Sellers Are Willing To Stay On As Consultants, Buyers And Liaisons Or Sales Associates For A Period Of Six Months (Negotiable). The Business Portion Only 595,000, Plus Inventory.

Gallery: 7,835 Sq. Ft.

Work Room: Additional Space Available For Refurbishing, Clock Repairs, Office, Appraisals, Etc.

Hours: 7 Days A Week 10am To 6pm

Note: Strong Reputation For Exceptional Quality, Value, Selection, Integrity And Personal Service. Many Areas Of Growth Possible With Clock Repairs, Refurbishing, You Decide! Inventory Extra Goldmine With The Current Exchange Rates - Networked Resources.