Marketplace
listed by broker
Art
Full
Desired valuation:
Open to offers
Description
This business is a fine art marketplace for affordable artworks (typically in the $200 - $2000 price range).
The supply side of our marketplace consists of 250+ artists and 7000+ original artworks. The demand side consists of 400+ buyers with a repeat-purchase rate above 20%, as well as thousands of registered collectors.
One of the best parts of this business is our design and front-end, which is stylish, elegant, and elevates both artworks and artists as part of the browsing experience.
$81k TTM revenue, $15k TTM profit, ~30% repeat purchase rate
Featured metrics
$81k TTM revenue, $15k TTM profit, ~30% repeat purchase rate
Selling details
Type of shares
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Reason for selling
We're pursuing another startup opportunity.
Preferred acquirer
Open-minded, but we are bullish on the potential of this business in the hands of a skilled operator.
The business produces cash flows and requires virtually no maintenance, so it could make sense to a financial buyer, too.
Aspirations & growth opportunities
There are lots of ways to grow this business – better SEO, improving conversion rates, digital marketing and content marketing, to name a few. Plenty of upside as the slow-to-digitize art world continues to go online.
Business details
Business model
Commission on marketplace transactions (30%)
Customers
340 (Millennials making over $75k, new homeowners, emerging art collectors)
Competition
Saatchi Art, Tappan Collective, 1st Dibs
Operational details
Technology stack
React, Ruby on Rails, MailChimp
Marketing spend
$0 (Google, Instagram, Word of Mouth)
Performance tracking tools
Financial details
Ownership structure
Wholly owned by cofounders + investors with SAFEs (<10%)
Last month's revenue
Last month's profit
Financial records
Annual P&L summary reports, Online reporting software/tools
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