Both galleries leases expire/renew at the same time
Following a recent period of focussed expansion and investment, this art sales business is now ready for a new owner to take it to the next level of success. A number of revenue streams provide the income to this business - some are well established and some are ripe for further development. Managers throughout the business run key elements of it, under the current owner’s guidance, so a new owner would need to provide only theoretical, strategic guidance, should they wish.
With two self-functioning, successful and reputable art galleries in prime London locations providing the bulk of the income, the new owner will be able to rely on these for their bread and butter. An emerging online sales function however could benefit from digital marketing expertise and potentially bring fantastic additional sales figures in. Additionally, partnerships with some retail outlets are already established which see the artwork of this business’ artists being sold in multiple locations, however further partnerships could be developed to provide additional income.
Everything is now ready for a new owner to take over and with minimal management from them required, should they wish. This is a great opportunity to learn about the business sector as you settle into your new role and enjoy running a successful art business