How do I find an art supply store for sale in Canada?
Search business-for-sale listings under art supply, craft and specialty retail, then widen the hunt through supplier sales reps, art schools and local artist groups, who know which owners are thinking of leaving. An approach to an unlisted owner can be made privately, and stock, school accounts and classes are worth asking about early.
An independent art supply store is a small, specialized shop, and most are sold quietly. The owner may mention it to a supplier’s rep long before any listing appears. That means a search that stops at the listing sites will miss many of the stores that change hands. Plan to use listings as one channel and people who know the trade as the others.
Where these stores show up in listings
A shop selling paints, paper and brushes may be filed under art supply, craft, hobby, stationery or specialty retail. Search each heading and save the searches so new postings reach you quickly. If a listing is short on detail, ask what you will see after signing a confidentiality agreement, such as stock records, the lease and the financial statements.
Suppliers, schools and artist groups
Sales reps for paint, paper and easel makers visit many stores and hear who is tired, retiring or short of help. Art schools, college programs and local artist groups know which shop the community relies on. Tell them what you are looking for and that you will keep it confidential. Be honest with them that you are a buyer, not a competitor.
Approaching an owner who has not listed
A short, courteous note or a visit outside the busy hours can open a conversation. Say who you are, what you are looking for and that you will sign a confidentiality agreement. If a broker is involved, confirm which party the broker represents. The steps in how to find an art gallery for sale work the same way, though a gallery sells different goods.
First questions to ask
- How much of the stock sells steadily, and how much has sat on the shelves for a long time?
- Does the store supply schools, colleges or studios on account, and who holds those relationships?
- Does it run classes or workshops, and who teaches them?
- How do customers split between walk-in artists, students and online orders?
Related reading
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Due diligence
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentWhat are the steps to buying a business?
- 02Business Development Bank of CanadaGovernmentWorking with a broker to find a business to buy
- 03Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
- 04Business Development Bank of CanadaGovernmentWhat is inventory
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