Top Rated Full Service and Sales Jewelry Store in Newport Beach, CA

Newport Beach, CA
Asking Price:$350,000
Rent:$7,789/Month
Gross Revenue:$450,000
Established Year:2021
BUSINESS DESCRIPTION

Over 1,000 Sq. ft. store Must Sell ASAP - $350k O.B.O.

Turn-key profitable jewelry store established in the heart of the famous tourist beach city of Newport Beach, Southern California. Full-Service jewelry store with all machinery needed for on-site repairs and on-site jewelry creation including 3D printer and casting machine. As of October, 2024, 100 5-star customer reviews on Google and winner of "Favorite Jewelry Store in Newport Beach" by Next Door App. The store has steady income with over 2,000 tracked customer base and a yearly gross sale close to half a million US Dollars. The store has a comfortable 1,014 square feet space, well equipped full factory with over $150,000 in machinery, furniture, and fixed assets. It is the largest onsite jewelry repair service in Orange County.

The store is located in a high-traffic shopping center and is visible from the street, in a nice known neighborhood retail center frequented often by wealthy Newport Beach residents due to its variety of known and well-established stores and service-oriented businesses, coffee shops, bakeries, hair salons, fitness studios, high-end boutiques, and restaurants. The owner enjoys great foot traffic with flexibility in operating hours and days to operate, with no restrictions such as those provided in other properties or malls. High volume of referrals from surrounding businesses who send their customers and high yield profit not just from sales of jewelry, but also from jewelry, watch, and eyeglass frame repairs.

There is an on-site security patrol for the shopping center. It is a very safe location in terms of theft and vandalism – no transients. This is a turnkey business for any buyer to start working the first hour buyer purchases this great investment opportunity. Furthermore, the Landlord is happy with this business performance, securing ample lease term.

Newport Beach features great growth in population, traffic counts, and high tourism in the area. Many businesses are eyeing Newport Beach due to its beautiful beaches, weather, demographics and high-income population, and those wealthy wanting to retire in one of the best weather areas around. The city’s Economic Development agency and Planning departments work constantly to advertise and market their city to national and qualified employers. This Business allows the Buyer to grow with this business and assure sustainable income.

Owner is selling due to a family matter forcing them to move out of the State of California. Willing to help train new buyer for a short period to help ensure a smooth transaction, and as per agreeable Purchase Agreement with potential Buyer.


DETAILED INFORMATION
Location
Newport Beach, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,014
Lease Expiration
15/01/2028
Employees
1
Facilities
All machinery, showcases, safe, desk, and office equipment included. Inventory is not included but can be discussed if desired.
Competition
Largest on-site full-service jewelry repair and jewelry factory store in Orange County. Customers come to us from as far north as Long Beach, south from San Clemente and inland from Riverside.
Growth & Expansion
Growth opportunity is infinite because right now it is only a one man operation. The owner who is also the jeweler, is doing all the sales and customer service in addition to the repairs. Also, there is no advertising or marketing being done at this time and the store is extremely successful as it is. Therefore, any investment in staffing and marketing/advertising would increase sales exponentially.
Financing
None - Full payment in full upfront
Support & Training
Willing to help train new buyer for a short period to help smooth transaction, and as per agreeable Purchase Agreement with potential Buyer.
Reason for Selling
Owner's wife has to move out of state for her employment.
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Jessica Bandar
Jessica Bandar