73 Year Old Jewelry Store With Premium Gold Inventory
| Asking Price: | $450,000 |
| Gross Revenue: | $282,400 |
| Rent: | $37,785/Year |
| Cash Flow: | $43,250 |
| Inventory: | $650,000 |
| Established Year: | 1951 |
HS Listing ID-63888
Business Highlights
73 years of operation, deeply rooted in the community.
Prime location on Jamaica Avenue with heavy foot traffic.
Asset-rich with $650,000 in inventory, including $500,000 in gold.
Total Inventory: $650,000 (wholesale cost) $1,600,000 (retail cost).
Dedicated, experienced team, including a full-time manager willing to stay on.
Operational Details
Lease/Sq Footage: 1,072 sq. ft.; 2 years remaining on the lease. The location has been home to the business since 1951, and no issues are anticipated in extending the lease.
Founding Year: 1951; current ownership since 1995.
Seller Financing: Open to all offers and is very flexible on deal structure.
Website: None (Value Add).
Employees: 4
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
