Established Jewelry Boutique and Repair Business for Sale.
| Asking Price: | $500,000 |
| Gross Revenue: | $242,645 |
| FF&E: | $30,000 |
| Cash Flow: | $130,000 |
| Inventory: | $500,000 |
| Established Year: | 1993 |
Not your ordinary business transaction. Walk in, turn on the lights and make money on day one. This is an opportunity to purhase an established Jewelry business for $500,000 that has an inventory of Jewelry having a retail value of $500,000. Your initial investment is covered by the retail value of the inventory, and you take over a business that is a going concern with steady positive cash flow. All inventory is in the form of finished Jewelry and ready to sell.
This business is located in Siesta Key Village, an Island just off the mainland of Sarasota, Fla. This is a charming Village with-in walking distance of the number one pristine beach in the country. The village has over a hundred shops, with a mix of restaurants, bars, hotels, boutiques and national tenants, including upscale establishments. The Village comes alive after sunset, with tiki bars, live music, karaoke, and great food. Roughly 6,000 local residents live on the Island year-round and over 350,000 tourists visit this Village annually.
It is important to note that there are 3 new hotels going up on Siesta Key, a new Tommy Bahama Store, an Alvins Beachwear store as well as several other new shops moving in directly across the street from this Jewelry store. This will increase foot traffic on the island and drive more traffic to this jewelry store. The Tourist Traffic in general in Siesta Key Village is huge and is increasing every year. Many europeans travel to Siesta Key annually and spend a significant amount of money while vacationing here.
The current owners have not raised prices in 15 years.A small price increase would drop substantially more income to the bottom line. An experienced jeweler could add other types of jewelry and expand this operation substantially.
The current owners do not sell jewelry on the internet, nor do they take advantage of social media. A savvy buyer who is technically inclined could utilize this and take the business to a whole new level.
The store is only open from 10:00 A.M. to 5:00 P.M. daily. The current owners used to be open until 9:00 P.M. daily, but are now in a retirement mode and choose not to work long hours. Hours could be expanded to match the operating hours of the other retail businesses and restaurants in the Village which would increase revenue significantly.
The Global jewelry business is booming. Financial predictions indicate the jewelry industry will be worth $292 billion by 2025. It is expected to increase by $46.3 billion between 2024 and 2028. Given the projected growth and the low entry costs, along with profit margins of roughly 40%, there is a great deal of money to be made.
Owner may provide some financing for a qualified buyer. Any decision to provide financing will be at the sole discretion of the seller.
Please do not walk into the shop unannounced and attempt to speak to the owners. They will only tell you to contact their Broker and they don't want to be discussing the sale of their business with customers around.
