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Michael's Gems and Glass

Corolla, NC
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Asking Price:$219,000
Gross Revenue:$229,126
Rent:$2,627/Month
Established Year:1990
Cash Flow:$65,000
Inventory:$60,000
FF&E:$20,000
Listing ID: 2216943Listing provided by BizBuySell
BUSINESS DESCRIPTION

Attention: Rock Hounds, Cavers, Fossil and Mineral enthusiast!! This business is for you. This busy retail store sells a large variety of Rocks and Minerals, Fossils, Jewelry, Glass Decorations and related items. The Jewelry offered includes Gemstone Bracelets, Necklaces, and Sterling Silver creations. Michael's Gems and Glass was established in 1990 as the first retail outlet of rocks and minerals on the Outer Banks, NC. Michael’s is a favorite destination for vacationers and locals alike. Children love digging through our treasure barrels and looking for special gems or making their own jewelry that will remind them of their fun on the beach! So... Be a Rockstar and don't miss this rare retirement situation. A chance to buy a very profitable business and move to the Beach! "Dare to Live the Dream" at the beautiful Outer Banks!

DETAILED INFORMATION
Location
Corolla, NC
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
875
Lease Expiration
21/12/2029
Employees
2
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The business has a great location in the Timbuck 11 Shopping Village. This is a very beautiful and very popular shopping center in Corolla, NC .The shopping village offers plenty of parking to handle the huge influx of tourist during the season. The store is currently open seasonally April-October and the online store is open 24/7 all year long.
Competition
There is a healthy demand for the stores products and NO direct competition in the market area.
Growth & Expansion
A new owner could grow and expand sales with more empathize on Social Media websites and an expansion of their already existing E- Commerce website. There is always the possibility of adding more stores in the future, as well.
Support & Training
The seller is willing to offer training after the sale and would consider staying with the business in a more limited capacity, if needed.
Reason for Selling
Semi- Retire
BUSINESS LOCATION
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Brent
Tomlinson
Tomlinson and Associates, LLC
Phone Number
Brent Tomlinson
Call Phone