Love Jewelry & Fashions? Boutique Opportunity - Owner Retiring
| Asking Price: | $48,000 |
| Gross Revenue: | $185,000 |
| FF&E: | $20,000 |
| Cash Flow: | $38,000 |
| Rent: | $1,650/Month |
| Established Year: | 2000 |
Jeanne's Jewels Fashions and Gifts is currently listed for sale as an "opportunity" business on the Resource Business Brokerage site. As Jeanne McBane is ready to retire from the retail scene, she is selling the established shop in Wilmington NC, which she relocated to earlier last year after the sale of her Carolina Beach location. The new location is slightly outside of the original but still in the area. Originally established in Raleigh NC in 2000, the move to the beach was one that McBane embraced.
Because McBane will be departing from the business, a new owner will be able to walk in and transition smoothly thanks to McBane's extensive knowledge of the jewelry and gift retail world and her established buying relationships. The business itself has built a loyal following over the years, and visitors to their Facebook page upon the announcement of the business being on the market saw an outpouring of support. If the boutique industry had a "Cheers Bar" equivalent, this would be it.
There are a few requirements for an ideal buyer. First, they must enjoy interacting with customers and have a genuine love of jewelry and gifts. Second, they must be able to provide proof of funding for the purchase and have solid credit to meet the obligations of the lease, which currently has renewal options. Interested parties will be able to get assistance securing the lease from Resource Business Brokerage.
