Summary
Want to own a business but don’t know where to start? On offer is an off-the-shelf Retail Art Gallery. It could easy transition into a boutique art or retailer.
Location Details
153 Carp St
Located in the heart of the NSW South Coast, BEGA, half way between Sydney and Melbourne near the Princes Highway.
In the centre of town, across from a busy post office and next to a historic pub with ample free parking. it’s a great location!
Potential
Brand new business! Unlimited potential!
Art is a lifestyle business. You will never get rich by owning an art gallery, but you will find happiness.
You will meet interesting people and live a life rich with visual stimulation. You will help budding artist live their dreams by helping them improve the world. Art makes the world a better place and brings people joy through its creation.
Skills
Socials and people management skills are useful.
Retail and admin skills a plus.
Ability to do paperwork and minor accounting is also useful.
This is a lifestyle business, not a fast-paced environment.
Hours
Thursdays and Fridays 2 to 6 p.m.
Lease
Lease is 1 year - 01-07-2025 to 30-06-2026 with a 1 year option, index by inflation.
Paid to October 01.
Employees
No employees yet, but listed for PAYG in 6 months if hiring is needed.
Reason for Sale
Medical condition.
About the Business
Highlights:
Center of a busy country town – Across from Bega post office. Near to beaches and bushland with good tourist flow.
Cheap rent - $400/wk + outgoings for 94sqm (less than half the cost of an apartment). Leased for 1 year lease, paid to October 1st. It also has a 1 year option after that.
No fit-out needed. Recently refurbished interior – fresh paint, LED lights, carpeting. Building has optional 3 phase and fiber to the node for upgrading in the future. 2 toilets and kitchenette on site. No hot water installed (less expenses).
Signage is brand new.
The business structure is a Proprietary Limited setup using shares, so you can easily get investors (shareholders) or split the business to a group of interested buyers (like a collective of artists).
Bank account, POS terminal, phone, website (under construction).
No contracts have been signed with artists (yet), so no liabilities.
Socials have not yet been set up yet, so there is room for traction and growth without having to change directions from existing advertising.
The income from a gallery is partially from the sale of art but also from selling merch and trinkets to punters. Other income streams are from art and government grant money, with many programs available. Supplemental income can be generated by producing events, like openings. The gallery is currently not a licensed venue, but is also not restricted from becoming one in the future (STCA).
History
The space was empty and recently renovated. The building owner was keen to have someone use the space, so it was turned into a gallery.
The business is brand new, priced for a quick sale. It won’t last long!
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