Destination Shop For Gems, Beads & Metaphysical Objects in Santa Cruz
| Asking Price: | $200,000 |
| FF&E: | $27,800 |
Open 5 days a week from 10AM-6PM, This store is the go-to spot for Locals and Tourists alike to find the broadest selection of Fine Gems, Crystals, Specimens, Beads, Findings and Metaphysical Objects in the region.
Conveniently located close to a museum, Coffee houses, restaurants and Bookstore with other popular shops including an independent game store nearby.
This is a well-established successful business with a strong history of sales since 2014, including a high ratio of cash sales. Crystals, Semi Precious Stones and Specimens comprise roughly 50% of sales, with Jewelry and metaphysical object accounting for about 30% and Beads and findings the remaining 20%
The premises occupy 1115 SF and the lease runs through March of 2025, with Landlord open to further extensions. Base rent is at $1,852.49 per month plus NNN of $356.80 per month (total $26,511 per year, including NNN), with annual CPI increases.
Sources include regional wholesale sources as well as direct imports and bulk lot purchases yielding incredible Profit Margins ranging between 4x-6x for larger items, and a much as 15x-30x for smaller items. (Recent examples include an item purchased for $500 sold for $2490, and an object purchased for $700 sold for $7,000).
Total FF&E: $27,800
Listed for $200,000
(Includes estimated $150,000 inventory)
