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Established Art School For Sale

Guia, Faro
Asking Price:
€15,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Under €100K
Cash Flow:
Under €50K

Are you an experienced artist? Do you want to earn a good regular income from teaching others while you pursue your own artist career? Would you like to do that in Portugal with its fantastic weather, amazing sunlight and low cost of living?
I have been running art classes here for the past 5 years and have a regular clientele with a constant steam of new students. I teach drawing and oil painting to a maximum of 7 people per class from a fully set up studio including large wooden easels, paints, mediums and sundry equipment.
I have a high ranking website that advertises the art class brand, not my personal name so it would be very easy to transfer. I have winter contracts with hotels to teach classes to their holiday makers. My study is situated in central Algarve with good parking facilities and attracts people from both east, west and central.
Now its time for me to move on to pursue new ventures so I'm ready to hand the reigns over to fresh blood.

Property information

Real Estate:

Lease

Lease Terms:

Ongoing lease paid monthly

Leasehold Rent:

€4,800 per annum

Location:

Prime location in central Algarve off the N125 and A22 motorway. Ample parking facilities, Light and airy studio with storage space and bathroom, close to banks, shops and cafes.

Premises Details:

Approx. 70sqm with glass windows on two sides giving fantastic light. North facing to benefit from a constant light source and shaded from the hot summer sun. Available on a rolling lease from a very easy going Portuguese landlord.

Size in square feet:
approx. 300sqft

Business Operation

Expansion Potential:

I currently only do three morning classes a week simply because I don't want to do more. I don't advertise and rely on word of mouth and my website to get me new students. Most of my students have been with me since the beginning. I/you could promote it via Facebook/local newspapers and open afternoon classes and even evenings. I get asked a lot for evening classes but I don't want to do them - maybe you would as there are very many people that perhaps work during the day or have children that want to learn.

Competition / Market:

There are very few art schools on the Algarve and plenty of people that want to take it up as a hobby. Those that are there do very well, but as this is a specialised industry, the success or failure depends on the calibre of the teacher. If you are a good artist, you will get plenty of business.

Reasons for selling:

Moving on to new ventures

Trading hours:

9.30am - 12.30pm but this can be expanded to include the afternoons and evenings

Employees:
None
Years established:
5 years

Other Information

Support & training:

I could provide any teaching training

Furniture / Fixtures value:
€1,000 - included in the asking price
Inventory / Stock value:
€500 - included in the asking price
Website:
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Relocatable:
This business can be relocated.

Contact Information

    1. Your Address

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