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Art Gallery Investment Opportunity in Lagos, Nigeria

Artistic perfumery & olfactory art house that tells African culture stories through scents& multi-sensory entertainment.

Established 5-10 year(s)
Employees 5 - 10
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 30 thousand
Run Rate Sales USD 36 thousand
EBITDA Margin 14 %
Industries Art Galleries + 1 more
Locations  Lagos
Local Time 3:50 PM Africa / Lagos
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 170 thousand for 25.0% stake (Native Currency: NGN 250,000,000)
Reason: Our valuation is based on the brand's growth potential. Working capital will be used as follows: 1.... View More
Includes physical assets worth USD 28 thousand
Interested to connect with advisors
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Business Overview

- 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.

Products & Services Overview

- 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.

Assets Overview

Equipment & tools.

Furniture.

Brand signature & identity.

Creative know-how.

Brand website/domain.

Goodwill.

Facilities Overview

One floor 200 sqm gallery/center space rented per annum.

3- room150 sqm production space + 30 sqm warehouse space rented per annum.

Capitalization Overview

- 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.

Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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