Jewelry Store, Repair and Custom Jewelry Design

Minnesota

Asking Price:	$790,000
Gross Revenue:	$1,012,139
FF&E:	$20,000

Cash Flow:	$452,175
Inventory:	$132,500
Established Year:	1945

Listing ID: 2038602Listing provided by BizBuySell

BUSINESS DESCRIPTION

Jewelry Store, Repair and Custom Jewelry Design

Lender pre-qualified with 10% down. Profitable and growing Full service, hometown jewelry store offering complete jewelry repair, custom design services and a wide variety of high quality and beautiful jewelry. The current owner works in the business and is responsible for running the business as well as the repair and CAD-based design and manufacture of the custom jewelry. New owner does not need to be a certified jeweler as the owner currently has an established sub-contractor for these services as well. This is a customer-focused business that has been in business for many years and has created a superb reputation with many repeat customers within 60 mile radius and also farther away. Jewelry inventory will be counted prior to the sale closing and added to the total purchase price.

DETAILED INFORMATION

Location

Minnesota

Inventory

Not Included in asking price

Real Estate

Leased

Building SF

1,600

Employees

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

The business operates from a commercial location on the main street in downtown. The location has ample display and sales floor space, office space and and a production/design/repair area. There is suitable parking available. The real estate is owned by the jewelry store owner and is available for lease.

Competition

There is a normal amount of retail and on-line competition for jewelry products and services.

Growth & Expansion

E-Commerce and increased sales and marketing.

Financing

Lender pre-screened with $79K down.

Support & Training

Will train for 2 weeks @ $0 cost.

Reason for Selling

Transition to retirement.

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