A Crown Jewel of Jewelry & Gift store with 2 Prime Locations
| Asking Price: | $399,000 |
| Gross Revenue: | $1,400,000 |
| Rent: | $10,500/Month |
| Established Year: | 1925 |
| Cash Flow: | $100,000 |
| Inventory: | $1,000 |
| FF&E: | $50,000 |
Over a century of offering the highest value jewelry sales, repairs, and high-quality gifts - this jewelry and gift shop has a long-standing history in southeastern Virginia, with two locations in prime shopping districts. The shop is well-known and trusted, boasting a loyal, generational clientele. Current 2024 YTD gross sales are $995,718.97, with an average annual cash flow of ~$100,000. The sale includes $50,000 worth of fixtures, furniture, and equipment (approximately $25,000 per location) and a team of 11 employees. Key selling points include its historical significance, loyal customer base, multiple locations, steady financial performance, and turnkey operation. Growth opportunities exist through potential expansion, developing an e-commerce platform, and enhancing digital marketing. The reason for the sale is retirement. This business represents a unique opportunity for seasoned and new business owners seeking a reputable and profitable investment.
Loyal Customer Base: The business boasts a strong generational loyalty among customers, ensuring a steady revenue stream.
Multiple Locations: Presence in 2 cities provides wider market reach and diversification of customer base.
Steady Financial Performance: With consistent annual cash flows averaging around $100,000, the business demonstrates reliable profitability.
Turnkey Operation: Sale includes all fixtures, furniture, and equipment, allowing for a seamless transition for new ownership.
Experienced Workforce: A team of 11 employees with operations and customer service knowledge adds stability and continuity to the business.
