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Service Repair Business - Two Locations

Arizona
listing image
Asking Price:$800,000
Gross Revenue:$1,648,536
Rent:$31,000/Month
Established Year:1999
Cash Flow:$283,517
Inventory:$120,000
FF&E:$75,000
Listing ID: 2290083Listing provided by BizBuySell
BUSINESS DESCRIPTION

Profitable Jewelry and Watch Repair Stores

This opportunity consists of two profitable jewelry and watch repair stores located in high profile, top performing malls in Southwest, US. These stores specialize in professional jewelry repairs, watch repairs, battery replacements and watch bands generally completing simple repairs while the customer waits or within an hour and most repairs within the day. The stores also sell watch bands, bracelets, various jewelry items and specialize in fashionable custom jewelry design and luxury retail. These stores’ services appeal to people across all demographics, regardless of age or income, making every shopper in the mall a potential customer. Fast, efficient service is a hallmark of this business. Prior jewelry and watch repair experience is not a requirement to be successful in this business.

All stores have a full complement of management, technical and counter staff. Ownership does not participate in the day to day operations a the store level.

DETAILED INFORMATION
Location
Arizona
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,100
Lease Expiration
01/04/2025
Employees
9
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The Company occupies two locations in top regional malls in a major southwest metropolitan area. Leases are transferrable to a qualified buyer. The locations range in size from approximately 430 to 650 square feet and generate between $750K and $900K in annual revenue per location.
Competition
Competitors consist mainly of the in-line retail jewelry stores and kiosks found in a typical mall, some of which advertise they offer jewelry repair. However, most of these outlets send their repairs out, often taking two or three weeks for the item to be repaired and returned. At this business it’s simple, drop it off and watch them fix it before your eyes or go shopping and come back and pick up your repaired or serviced item the same day.
Growth & Expansion
Currently, owner is directing advertising dollars to Google and Yelp ads and exploring social media, has hired a marketing agent to manage Google and Instagram accounts and wants to move towards targeted ads. This is a good opportunity for a buyer to add value. Additional opportunity for growth, which is beyond current management interest, is incorporating the use of social media, including Facebook, X and Instagram in local marketing initiatives. There is an upscale mall under development which could be a possible future location for expansion.
Financing
Financing has been previewed by an active SBA lender subject to qualified buyer.
Support & Training
The franchisor has a one-week training program and the seller is willing to provide training on a TBD basis.
Reason for Selling
Retirement, more family time.
Franchise
This business is an established franchise
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Renae McKinlay
Phone Number
Renae McKinlay
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