Eastside Art School and Gallery In Prime Location For Sale
Description
This is a beautiful art school and gallery in the Eastside with an extremely good location. They conduct a variety of weekly art classes for all ages from kindergarten to adults involving drawing, painting, and clay. The majority of students are between kindergarten and fourth grade, the typical art class has 8 students, and their student to faculty ratio is 8 to 1. They also work with schools in the area where the school bus would drop off the kids at the gallery and allow them to spend the day of field trip working on art projects. The art studio also hosts birthday parties for younger children where the guests get a chance to create art. During the summer, this art academy is very busy with summer camps. The art instructors also teach private lessons at the studio. In addition, major corporations would bring their key employees into the gallery for private workshops and boot camps, boosting their teamwork and creativity. Many local artists also sell their artwork on consignment at the gallery during different exhibition themes. Many art events are hosted at this art school inviting people in the community to experience art. Unlike formal museums that can sometimes intimidate people, this art school stands out in the community as the perfect venue to be introduced to art in a casual, fun, and inviting manner. There is 1 full-time instructor and 1 part-time studio assistant and instructor, and the owner works full-time in the business doing management, bookkeeping, marketing, and customer service. The owner does not teach classes but can be a substitute teacher if needed. In the summer, several more part-time instructors are brought on board to cover the summer camps. The owner has poured her heart and passion into the business, but has experienced recent family and heath issues. She is looking for a new owner with the love of art, kids, and education who can take this school and gallery to the next level.Included in asking price
Furniture / Fixtures included
Sales Revenue
188082
Net Profit
20290
Years Established
2006
Employees
1 FT 1 PT
Location
There is a beautiful showroom selling art from local artists as well as 3 classrooms in the back. The space is 1,400 square feet, the rent is $3,700 including NNN expenses, and the landlord is easy to work with. This art school has a prime location with excellent visibility, and is surrounded by lots of businesses, homes, and schools. Business hours are 11-7 Tuesdays through Fridays, 11-5 Saturdays, and by appointment on other days. The conditions of the building, furniture, fixture, and equipment are excellent.
Expansion Potential
There are opportunities to conduct more school field strips, corporate events, birthday parties, and camps for the girl and boy scouts. With additional energy and marketing, this art school and gallery could bring in higher sales and profits.
Competition/Market
This is an ideal opportunity for someone who loves art and kids to realize his or her dream. This art school has a great reputation in the community and a constant stream of parents that refer other parents. They have a beautiful web site featuring various artwork, events, and classes. When other art schools in the area have been forced to close their doors due to the economy, this art school continues to thrive and now attracts the parents and kids from the other art schools.
Support/Training
Negotiable.
Reasons for Selling
Owner has recent family and health issues.
Finance Available
Cash at closing
Furniture/Fixtures Value
$22,200 (included in the asking price)
Inventory/Stock Value
$5,000
Tenure
Leasehold