CRAFT is continually looking for ways that it can provide additional service to its members. The association recognizes certain unique qualities of craft retailing that make the sale of a gallery distinguishable from the sale of other businesses.
CRAFT believes that it is in the best interest of the entire American craft community that viable galleries continue in business after the founders of that gallery decide it is the right time for them to retire or move along. Sale of a going American craft retailing business at its “fair market value” is preferable to liquidation and closure or distress sale. The entire craft community, other American craft retailers and artists alike, suffers when an otherwise viable gallery closes merely because of the hassles and inconveniences of locating a qualified buyer. Who else is more likely to personally be interested in or know others not now in the business that might be interested in acquiring a going concern than a CRAFT member? somebody who knows what it is all about.
Starting with this issue, CRAFT offers space in its quarterly newsletters, other email notifications and on its website to any member wishing to publish a notice (ad) indicating that their business is for sale. This listing is now offered free of charge. CRAFT will upon request agree to reasonable procedures for placing of the notice and handling responses in such a way as to keep the identities of sellers and interested purchasers confidential.
CRAFT will not receive a fee for the listing nor will it engage in any activity relating to negotiations between parties. All potential sellers and interested buyers are advised to seek the advice of their own lawyers, accountants or other professionals in any negotiations, contracting or closing of any transactions relating to the purchase or sale of a business.
If any member would like additional information they should contact Laurie Wickham at CRAFT via email at info@CRAFTonline.org.
Craft Gallery For Sale
Established fine craft gallery FOR SALE in Southern California resort area. Owners have built the gallery to its current status as a destination gallery for tourists and vacation home residents from greater Southern California. Broader market includes San Diego, Orange and Los Angeles Counties. Consistent annual growth in sales has resulted from a move to a larger and newer space, expansion of the represented artists to over 150 and programs of special shows and events attended by a loyal, repeat customer base.
Sales for 2007 were approximately 33% glass, 32% art jewelry, 12% clay and 23% other crafts. Long, established mix of consignment and reserve purchase relationships with artists ensure new work on a regular basis. The gallery has been recognized by NICHE Magazine jurors.
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25-Apr-11