Fabulous established successful gift and jewelry shop

El Paso County, CO
Gifts and precious Jewelry shop
Asking Price:$421,500
Gross Revenue:$367,665
Rent:$2,000/Month
FF&E:$7,000
Cash Flow:$127,228
Inventory:$160,000
EBITDA:$119,453
Established Year:1946
BUSINESS DESCRIPTION

Successful, well-run turnkey operation that was founded in 1940's and has been in this same location since the 1950's, giving it over 70 successful years in business. The owner has owned it for over 30 years and worked there for over 40 years. High volume of in and out of state visitors. Highly recommended quality service - the owner knows her merchandise and offers reasonable prices. They have a beautiful selection of Indian jewelry and hand signed pottery. Customers who have shopped in this store - keep returning through the years. The owner and the employees provide excellent customer service. You can enjoy managing a lovely location with a great atmosphere. There is a potential to live in a private unit directly behind the shop. New lease needed for the commercial store and the residential unit behind the store. The property is older, but very well maintained.


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DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,092
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Fabulous retail gift and jewelry store in a perfect location that was founded in the 1940's. Very established shop that has been in the same location for over 70 years with consistent customers who keep returning. Gifts, jewelry, gold and pottery are presented for the best appearance. This shop is turn key. A new buyer would have immediate revenue after the acquisition. Why start your own business when you could buy this one that is already profitable with a solid base of clients willing to purchase and a very long standing success!
Competition
There is no competition in the area since this shop is so unique.
Growth & Expansion
Perfect opportunity for a buyer to bring in way more business with advertising and adding a website and on-line sales! She has never had a website on this business and very low to no advertising being done.
Financing
We always prefer cash, but we have lenders ready to help you with your purchase.
Support & Training
This owner wants a buyer to be successful so will offer training in the store and the owner will go to trade shows to introduce the new buyer to the established vendors.
Reason for Selling
Retirement
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Patrick
Scheetz
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Patrick Scheetz