Profitable and growing Full service, hometown jewelry store offering complete jewelry repair, custom design services and a wide variety of high quality and beautiful jewelry. The current owner works in the business and is responsible for running the business as well as the repair and CAD-based design and manufacture of the custom jewelry. New owner does not need to be a certified jeweler as the owner currently has an established sub-contractor for these services as well. This is a customer-focused business that has been in business for many years and has created a superb reputation with many repeat customers within 60 mile radius and also farther away. Jewelry inventory will be counted prior to the sale closing and added to the total purchase price.
- Asking Price:
- $790,000 Furniture / Fixtures included
- Sales Revenue:
- $1,012,139
- Cash Flow:
- $452,175
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
The business operates from a commercial location on the main street in downtown. The location has ample display and sales floor space, office space and and a production/design/repair area. There is suitable parking available. The real estate is owned by the jewelry store owner and is available for lease.
Business Operation
- Expansion Potential:
-
E-Commerce and increased sales and marketing.
- Competition / Market:
-
There is a normal amount of retail and on-line competition for jewelry products and services.
- Reasons for selling:
-
Transition to retirement.
- Trading hours:
-
Mon-Sat 9am-5pm; Thurs till 7pm
- Employees:
- 1 FT/4 PT
- Years established:
- 77
Other Information
- Support & training:
-
Will train for 2 weeks @ $0 cost.
General retail business experience, preferably in the jewelry industry, would be beneficial for owning and operating this business.
- Furniture / Fixtures value:
- $20,000 - included in the asking price
- Inventory / Stock value:
- $132,500
