Business for Sale in MODBURY, Devon FINE ART GALLERY

Leasehold Price £150,000

Key Information

Reference
AC36186N
Tenure
Leasehold
Status
For Sale
Region
Devon
Sector
Art Galleries
Annual Sales
£179,785.00 Exc. VAT
Accommodation
No

Business Information

Prestigious FINE ART GALLERY, also incorporating a SCULPTURE GARDEN, earning numerous accolades over the years. Considered one of the best galleries in the SOUTH WEST, situated within the desirable and affluent SOUTH HAMS, part of the MODBURY/KINGSBRIDGE/SALCOMBE triangle. Occupying a high profile corner sited trading position within this character town, which is rich in history, being easily accessible, fronting primary thoroughfare to the spectacular nearby SOUTH DEVON coast, the major cities of PLYMOUTH & EXETER within easy reach.

Superior contemporary premises, fitted and presented to a high standard, air conditioned, professional gallery picture hanging and lighting systems together with bespoke fixtures and fittings. Offers main gallery area, ideal for events/exhibitions, sufficient space to provide seating for 30 – 40 people, additional smaller gallery/private viewing area (possible studio), open plan office facilities, storage, kitchen, and cloakroom facilities. Benefiting from potentially lucrative outside space with own access if required, provides attractive landscaped sculpture garden, host to several outbuildings offering refreshment and storage facilities, but could provide craft studios creating an arts centre.

Established approaching 20 years, excellent artist following, good associations with universities held, the gallery limiting the number of artists displayed with a waiting list held of those wanting to exhibit. Holding regular exhibitions, retailing quality originals, bronzes, sculptures and ceramics, strong following from those living in the area and those with second homes, being busy all year round and not seasonal. Sales 2023 £179,785 ex Vat, commissions of between 40% - 52% received, producing Gross Profit of £95,750, with further opportunities available to new enthusiastic owners.

Leasehold £150,000 sav,  Ref: AC36186N

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