Walk in, turn on the lights and start making money on dat one.
This opportunity doesn’t come along every day!!! Don't let it pass you by!!!
Escape the cold winters up North and Live, work and play in a Tropical paradise. This Jewelry business is located in Siesta Key Village, on the Sunny Southwest Coast of Florida. With the warm sunny weather, a Fun & Lively Arts & Culture Community along with some of the most beautiful beaches in the world, it is easy to see why so many people are relocating to Florida. It is worthy to note that Florida has no state Income Tax.
This is an established business which has been owned and operated for 31 successful years by the same owners, a husband-and-wife team, with all 31 years of operation being in the village on Siesta Key. A buyer only has to walk in, turn on the lights and they will be making money from day one. This is an easy business to run.
Siesta Key Village is a charming Village that is walking distance from 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.
This retail & repair business is located on the main street passing through Siesta Key Village. Thirty one years of doing business on Siesta key, has made this store a destination store for both the local residents as well as the tourists.
The Owners have done an incredible job in carrying inventory for all types of buyers, from affordable kids’ jewelry to expensive one of a kind personalized jewelry. They specialize in a line of Hawaiian Jewelry, which is very unique and a big seller to tourists vacationing on the Key.
The sky is the limit as to what types of inventory and products could be sold at this location. It is important to note, included in the listing price is $150,000.00 more or less of inventory at the owner’s cost, which has a retail value of roughly $500,000.00 more or less. The current owners have not raised prices in 15 years, leaving a value ad for a new owner to incrementally raise prices, which would increase the new owner’s net income. The current owners do not sell jewelry on the internet, nor do they take advantage of social media, a new owner could expand the business and take it to a whole new level.
The current owners have no employees and alternate days 7 days a week. The store is open from 10:00 A.M. to 5:00 P.M., which hours 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, which 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.
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.
