Established and Very Profitable Fine Jewelry Store
| Asking Price: | $450,000 |
| Gross Revenue: | $1,005,455 |
| FF&E: | $95,000 |
| Cash Flow: | $385,454 |
| Inventory: | $550,000 |
Long established, reputable store in a high traffic, high visibility location.
The business provides an excellent opportunity to buy an independently owned and family managed fine jewelry store. The business has an excellent reputation for integrity, providing quality fine jewelry and watches and excellent repair services for decades. In some cases they are serving the third generation of customers.
The store is in an excellent high visibility and high traffic location. Sales in this past fiscal year, July 1, 2023 to June 30, 2024, were $1,005,000 with discretionary earnings of $385,454.
Potential buyers might come from an individual or partnership with retail background now ready to control their own financial future, the owner of another similar jewelry store or from the owners of a small chain of jewelry stores with products and services that are in the fine jewelry and quality watch sales and repair business.
The business, including, $95,000 worth of furniture, fixtures, 29-show cases, 14-camera security system and various items of equipment, a favorable transferable lease, non-compete agreement, training during the transition to a new owner, good will, vendor, supplier, repairs service and customer lists are offered at a value price of $450,000, plus the value of the inventory and supplies. The value of the inventory and supplies ranges between $500,000 and $550,000 and will depend where in the business cycle the business is transferred to a new owner.
