Art Gallery Investment Opportunity in Lagos, Nigeria
Established | 5-10 year(s) |
Employees | 5 - 10 |
Legal Entity | Limited Liability Company (LLC) |
Reported Sales | USD 35 thousand |
Run Rate Sales | USD 40 thousand |
EBITDA Margin | 14 % |
Industries | Art Galleries + 1 more |
Locations | Lagos |
Local Time | 3:33 PM Africa / Lagos |
Listed By | Business Owner / Director |
Status | Active |
- 6-year-old business operating from Lagos with consistent organic revenue growth since inception.
- We've experienced an average of 120% year-on-year growth since inception. Our annual turnover increased from ~ NGN 21 million to NGN 45 million YoY.
- Our brand is a beacon of creative excellence from our of Africa and a representation of African perceptive excellence.
- We're in motion to establish an international operating hub.
- We're in plans to engage franchising to drive expansion plans into other African & international markets.
- We currently generate revenues from our brand product sales, training course sign-ups, olfactory art supplies trading, olfactory art gallery experience, and space rentals.
- We have over 1,000 direct return-customer portfolio base gained through store walk-ins, direct marketing, customer relationship management, and word-of-mouth referrals.
- Our customer portfolio on average makes 2 purchases per quarter.
- Have 2 retail partners in Lagos & Abuja with 6 stores combined. We also engage 4 concierge agents that drive product sales.
- We established and run a center for olfactory art in Lagos, the first of its kind in Sub-saharan Africa.
- 80% of our sales are currently through the sale of luxury perfume and our own brand of personal care beauty products. The olfactory gallery exhibition constitutes 20% of our sales.
- Sale of own-brand luxury ambiance fragrance products i. e., perfumed candles, diffusers, room & linen sprays.
- Sale of own-brand personal care beauty & wellness products.
- Perfumery & olfactory art supplies.
- Bespoke fragrance creation services.
- Scent marketing services.
- Fragrance training & consulting services.
- Olfactory art exhibition & installation services.
Equipment & tools.
Furniture.
Brand signature & identity.
Creative know-how.
Brand website/domain.
Goodwill.
One floor 200 sqm gallery/center space rented per annum.
3- room150 sqm production space + 30 sqm warehouse space rented per annum.
- Business is mostly funded through the promoter and family/friends. The promoter has invested around NGN 45 million into the business.
- The company has a bank loan worth NGN 5 million of which ~ NGN 2.5 million is yet to be settled.
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Earlier than 15 daysDirector, Real Estate, London, Individual Investor / Buyer connected with the Business