What is the annual cost of an art gallery?

Question

On average, what is the total annual cost of covering all the expenses to run an art gallery? Please source.

Answer 1

That depends on many factors. The main one would be location. You will need a good location in an area with people that support fine arts

with their pocketbooks. You will need art in the gallery that sells well.

Opening an art gallery is a really risky business venture.

You will need money (rent or purchase) for the building. For improving the building. For equipment.  For paying staff. For utilities. For advertising and promotion.

I live in an area that opening an art gallery would be futile. But even so, I would need at least 100 to  150 thousand to start out the first year.

Good luck.

Keep Arting!

Jeff (weseye) Wesley