The business provides an excellent opportunity to buy an independently owned and family-managed fine jewelry store. The business has an excellent reputation for integrity, providing quality fine jewelry and watches and excellent repair services for decades. In some cases, they are serving the third generation of customers.
The store is in an excellent, high-visibility, high-traffic location. Sales in the past three years have averaged $804,000 and are tracking in the current fiscal year, July 1, 2023, to June 30, 2024, to exceed that number. Discretionary earnings, year-to-date, are already at $244,549.
Potential buyers might come from a person or partnership with a retail background now ready to control their own financial future, the owner of another similar jewelry store, or the owners of a small chain of jewelry stores with products and services that are in the fine jewelry and quality watch sales and repair business.
The business, including $95,000 worth of furniture, fixtures, 29-show cases, a 14-camera security system, various items of equipment, a favorable transferable lease, a non-compete agreement, training during the transition to a new owner, good will, vendors, suppliers, repair services, and customer lists, is offered at a value price of $450,000, plus the value of the inventory and supplies. The value of the inventory and supplies ranges between $500,000 and $550,000 and will depend on where in the business cycle the business is transferred to a new owner.
