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Highly Visible and Award winning Jewelry store with growing sales

Tucson, AZ
Custom Design

Seller Financing Available

Custom Design
Asking Price:$850,000
Gross Revenue:$2,187,000
Rent:$4,500/Month
FF&E:$87,000
Cash Flow:$174,000
Inventory:$500,000
EBITDA:$180,000
Established Year:2002
Listing ID: 1864391Listing provided by BizBuySell
BUSINESS DESCRIPTION

20+ year history of serving clients

This fine Jewelry and Repair Boutique offers a personalize shopping experience. Located in a prime location between Tucson and Oro Valley, the boutique specializes in crafting one-of-a-kind items, repairing on site, and custom design services. The store is known for its welcoming appearance, street signage with 43,000 traffic counts past store on major thoroughfare, a large parking lot for easy access, and easy feeling sale approach in a comfortable atmosphere. Using industry leading software for client management. Marketing tools for texting and email.

Succeeded because of a focus on exceptional customer service, clients are guided through the purchase process, ensuring they find the perfect piece for any occasion. The store boasts exclusive vendors and numerous best of Tucson jewelry award. Client list is 7000 deep with email and text lists used for advertising. 5 Star recommendations on Google, The Knot, and 4.7+ on others like Facebook, NextDoor, and Yelp. Store has many referrals.

This is a fantastic opportunity for an entrepreneur(s) looking to enter the lucrative jewelry market. The brand has years of experience and the seller is dedicated to ensuring a smooth transition and continued success.

DETAILED INFORMATION
Location
Tucson, AZ
Inventory
Included in asking price
Real Estate
Leased
Building SF
4,500
Lease Expiration
17/12/2028
Employees
5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Open and airy layout that was custom designed, but not overly expensive with a sitting area, coffee and drink bar, and design desk for clients to work with owner. Attractive LED lighting, custom camera system, large safe, existing security system, and in house repair shop all onsite make this an ideal jewelry store.
Competition
The jewelry market in Tucson is tough because of many pawn shops that can offer lower prices. Those are not the clients that the company attracts, instead the business has succeeded because of the dedication to customer service, custom design, and timely deliveries. The store has exclusive rights to quality brands that other stores do not have and a reputation in town for the best selection of jewelry.
Growth & Expansion
For many of the past years the ownership grew the revenue through low margin/high quality pieces. This strategy focused on building the brand and loyalty, but did not cash flow a great deal. Pricing strategy has room to build more margin into the structure as long as clients feel they are still getting good price. Never prioritized website so that is a prime area for growth as well as franchising a well known name that is easy to remember.
Financing
Will finance 50% of the sale price, must pay 100% of the inventory at cost.
Support & Training
Owner will negotiate training a person on the operations of the store, but there are qualifications that would be helpful for a person to have before getting into the business.
Reason for Selling
Wants to spend time with soon to come grandchild that will involve travelling.
BUSINESS LOCATION
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Rick Zich
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Rick Zich
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