Island Art Gallery

Maui County, HI

Seller Financing Available

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Asking Price:$225,000
Gross Revenue:$614,842
Rent:$2,401.63/Month
Established Year:2002
Cash Flow:$92,000
Inventory:$53,000
FF&E:$25,468
BUSINESS DESCRIPTION

Located on the beautiful island of Lanai in a stand alone building. Featuring award winning artist Mike Carroll and over 25 local artist with fantastic art, gallery wrapped canvas giclee prints for larger spaces, limited edition prints, ready to frame prints, artisan wood crafts, original oil paintings, jig saw puzzles, gift cards, jewelry and more. Sizes available range from 8”x10” to 20”x24” and up. Offering hand crafted Hawaiian koa wood frames for fine art and plein air frames or gallery wrapping for canvas prints. Another potential source of income is providing corporate amenities or pop-up gallery opportunities at the Four Seasons resort (the current owner has done so for the past 20+years). The beautiful website tells the story of great island art and makes it easy to purchase. The stand alone building looks out on the towering Cook Pines in Dole Park, in the heart of Lanai City.


DETAILED INFORMATION
Location
Maui County, HI
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,488
Lease Expiration
31/12/2030
Employees
2
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Approximately 1,488 square feet. Rent; $2,401.63 includes CAM. Term ending December 31, 2025 with the option to extend 5-years (2030). A qualified buyer may negotiate a new lease.
Financing
Seller will finance $100K @ 5% over 4-years for a qualified buyer.
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Michael
Capuano
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Michael Capuano