Art Gallery for Sale in Singapore
Art gallery for sale with 114 original paintings and established leasing services.
| Established | 10-20 year(s) |
| Employees | < 2 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 55 thousand |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Art Galleries |
| Locations | Singapore |
| Local Time | 5:59 AM Asia / Singapore |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
98 thousand
(Native Currency: SGD 125,000)
Reason: The owner is selling the business to focus on academic commitments.
Includes physical assets worth
USD
98 thousand
Name, Phone, Email
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Business Name
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User Verification
Documents
ACRA
(191.4 KB)
Business Overview
- The business operated in the original art market and offers both artwork sales and leasing services.
- It has an inventory of 114 original paintings, most of which are framed and ready to hang.
- The business previously generated income by leasing paintings to restaurants and corporate offices on an annual payment basis.
- It also generated sales through art gallery exhibitions.
- The business maintains an artist database and an online platform to support its art-related activities.
- Operations are currently discontinued, and the business is not generating revenue.
- The buyer can acquire the existing artwork inventory, website, artist database, and associated goodwill.
- The business has an ACRA.
- It has an inventory of 114 original paintings, most of which are framed and ready to hang.
- The business previously generated income by leasing paintings to restaurants and corporate offices on an annual payment basis.
- It also generated sales through art gallery exhibitions.
- The business maintains an artist database and an online platform to support its art-related activities.
- Operations are currently discontinued, and the business is not generating revenue.
- The buyer can acquire the existing artwork inventory, website, artist database, and associated goodwill.
- The business has an ACRA.
Products & Services Overview
The business sold original paintings created by Indian and Vietnamese artists. It also offered annual painting leasing services to restaurants and corporate offices. Clients displayed leased paintings in their premises for an annual fee. The business has also sold artwork through art gallery exhibitions.
Assets Overview
Tangible assets: The buyer will receive 114 original paintings by Indian and Vietnamese artists. All paintings are stretched, and most are framed and ready to hang. The estimated inventory value is SGD 250k but the owner is offering at a discounted price of SGD 125k.Intangible assets: The sale includes the business website, artist database, company bank account, and associated business goodwill.
Facilities Overview
The business does not currently maintain a physical office or dedicated commercial facility. Artwork was previously sold through art galleries and exhibitions.
Capitalization Overview
The business is solely owned and fully funded by the owner, with no outstanding loans or liabilities.
Recent Activity
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3 days, 8 hours agoAssociate Director, Investment Bank And Wealth Management, Singapore, Individual Investor / Buyer connected with the Business
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