E-2 Visa Opportunity
Turnkey: --Walk in, turn on the lights and have positive cash flow on day one. This is an opportunity of a lifetime to buy a going concern and escape the high taxes and cold winters up North.
Owned and operated by the same owners for 31 years on the tropical island of Siesta Key, Florida.
Owners motivated to sell and willing to negotiate. Offers will be considered in a range between $475,000 and $500,000. owner indicates he can liquidate the inventory and assets in the store and walk away with $500,000. All inventory is in the form of finished Jewelry and is ready to sell.
Siesta Key Village is a tropical island just off the mainland of Sunny Sarasota, Florida. This is a charming village within walking distance of the number one pristine beach in the country. The village has over a hundred shops, with a mix of restaurants, bars, hotels, boutiques, and national tenants, including upscale establishments. The village comes alive after sunset, with tiki bars, live music, karaoke, and great food. Roughly 6,000 local residents live on the island year-round, and over 350,000 tourists visit this village annually.
It is important to note that there are 3 new hotels going up on Siesta Key, a new Tommy Bahama store, an Alvins Beachwear store, as well as several other new shops moving in directly across the street from this jewelry store. This will increase foot traffic on the island and at this jewelry store significantly. The tourist traffic in general in Siesta Key Village is huge and is increasing every year. Many Europeans travel to Siesta Key annually and spend a significant amount of money while vacationing here.
The current owners have not raised prices in 15 years.A small price increase would bring substantially more income to the bottom line. An experienced jeweler could add other types of jewelry and expand this operation substantially.
The current owners do not sell jewelry on the internet, nor do they take advantage of social media. A savvy buyer who is technically inclined could utilize this and take the business to a whole new level.
The current owners have no employees and alternate 7 days a week. The store is open from 10:00 a.m. to 5:00 p.m., which could be expanded to match the operating hours of the other retail businesses and restaurants in the village. The expansion of operating hours is another value that would add to the bottom line.
The global jewelry business is booming. Financial predictions indicate the jewelry industry will be worth $292 billion by 2025. It is expected to increase by $46.3 billion between 2024 and 2028. Given the projected growth and the low entry costs, along with profit margins of roughly 40%, there is a great deal of money to be made.
The owner may finance up to $200,000 for a qualified buyer. Any decision to provide financing will be at the sole discretion of the seller.
Please do not walk into the shop unannounced and attempt to speak to the owners. They will only tell you to contact their broker, and they don't want to be discussing the sale of their business with customers around.
