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Established and Lucrative Jewelry Business for Sale in Santa Maria!

Santa Maria, CA

Seller Financing Available

Asking Price:$650,000
Gross Revenue:$386,555
Rent:$2,500/Month
Established Year:1989
Cash Flow:$106,939
Inventory:$200,000
FF&E:$22,244
Listing ID: 2258360Listing provided by BizBuySell
BUSINESS DESCRIPTION

Over 35 years serving the Central Coast!

Don Jose's Jewelers has been proudly serving the Central Coast for over 35 years. With a well-established client base, strong reputation, excellent management team and proven business model, this business is perfect for the savvy investor. The business has grossed an average of $386,555 over the past 4 years, with an average cash flow of $106,939. Included with the sale are the fixtures and roughly $200,000 worth of inventory. The management and sales team are willing to stay on for the new owner, and the current owner is happy to help facilitate the transition as well. In addition to the sale of jewelry, this business also buys and sells gold and does both watch and jewelry repair. They also offer services such as jewelry restoration, diamond & stone replacement, ring sizing, jewelry cleaning, ear piercing, battery replacement, bands / straps, watch crystal replacement, glasses frames soldering, and more. Aggressive marketing over the years has yielded a strong Google Search ranking and excellent customer service has awarded them with an A+ rating by the Better Business Bureau. Currently only open 6 days a week from 10AM-5:30PM, there is room for growth within the business itself and the strong base is a great starting point for potential future expansion. The current owner is only selling because after 35+ years in business he would like to retire and spend more time with family. Located in the busy heart of Santa Barbara County's largest city, Don Jose's Jewelers is sure to provide an excellent return on investment for years to come. Call your favorite agent and capitalize on this excellent opportunity today!

DETAILED INFORMATION
Location
Santa Maria, CA
Inventory
Included in asking price
Real Estate
Leased
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Included in the price of this sale are roughly $200,000 worth of gold and jewelry, all repair and maintenance equipment and all fixtures. The lease is assumable with an optional right to extend for 5 years. Additionally, the current owner has kept a database of all past customers which the new owner will inherit.
Competition
This business stands out among the rest. There is no other jewelry store in the Sant Maria area that has offered everything that Done Jose's Jewelers offers at such a competitive level for such a long period of time. Their excellent service and competitive pricing have helped them to build a strong customer database which the new owner will inherit and can leverage to continue businesses track record of positive growth. Many jewelry stores have come and gone over the last 35 years, but Done Jose's has stayed strong.
Growth & Expansion
A savvy investor will immediately notice the high gross on this business and realize that there is ample opportunity to maximize cash flow. Additionally, only currently being open 6 days a week from 10:00AM-5:30PM means there is room for expansion within the business itself. The strong base is also a great starting point for anyone looking to expand.
Financing
Seller may be open to short-term seller carried financing depending on buyer.
Support & Training
Current management and sales staff are willing to stay on for the new owner. Current owner is also willing to stay on to help facilitate the transition.
Reason for Selling
With over 35 years in business, the owner is ready to retire and spend more time
BUSINESS LOCATION
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Mason Frakes
Phone Number
Mason Frakes
Call Phone