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Art Gallery and Marketplace site for sale at MOE Dubai

Ref No- AE01308709

Sector SERVICE BUSINESS

Subsector Events Management Business

Asking Price AED 150,000

Documents Not listed

Listed By Laurence Peat

Art Gallery and Marketplace site for sale at MOE Dubai

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Business Synopsis

Asking Price

AED 150,000

Annual Turnover

270,000 AED

Annual Net Profit

75,000 AED

Audit Report

Available on Request

Team Size

Total number of staff currently associated with the business.

Monthly Accommodation

0 AED

Company does not bear accommodation charges.

Utilities

250 AED

Average Staff Salary

4,000 AED

Monthly average salary across the current team.

Miscellaneous Costs

500 AED

About the Business

Founded in 27/6/2021
Valid trade licence
Dubai tourism cultural events permit
150,000 AED Invested
Art Gallery located in Mall of the Emirates Dubai arts centre
Comes with a Marketplace site with 30+ Vendors (20% commission per transaction)
Revenue:
Fine art sales from clients generate 60,000 AED per year (20% commission on sales)
Gallery space rental Generates 60,000 AED per year
Accounts are up to date and available to be viewed
In-house marketing and photographer (1 employee)
3rd party: SEO and website maintenance
Low rent deal with the mall in a good location.
Comes with all equipment required for hanging and displaying art as well as furnishings for events. CCTV, office furnishings.
A full list of clients' contact information is available and B2B contacts.
Partnered with FedEx business for deliveries and shipments.
Good arrangement with prints and framing company.

Social media accounts:
https://www.instagram.com/gallerylvibes/
https://www.facebook.com/GallerylVibes
https://www.linkedin.com/company/galleryvibes/

Website:
https://galleryvibes.com/