Art Gallery Business Plan

An art gallery business plan is a plan to start and/or grow your art gallery business. Among other things, it outlines your business concept, identifies your target customers, presents your marketing plan and details your financial projections.

There are many types of art gallery companies. One type of art gallery is a commercial gallery where it is a for-profit business that displays art to be sold from various artists around the world or immediate area. There are also co-operative art galleries that involve various artists working and operating the art gallery. Another type of art gallery is a non-profit gallery where the operational funding comes from grants and donations. The artists displayed at the non-profits usually have art forms of merit or cause, rather than being a well-known artist.

The primary source of revenue for an art gallery are the revenues it generates from tickets sold to visit the art gallery, membership fees if it offers memberships, and of course from the art sold at the art gallery.

The key expenses for an art gallery business are the cost to procure the art from various artists. Other expenses are the rent and utilities for the art gallery.

Art gallery businesses are most likely to receive funding from banks. Typically you will find a local bank and present your business plan to them. Most of the time, those who want to open an art gallery will use their personal savings and/or receive funding from angel investors or various donors.