Specialty Jewelry Stores - Specializing in Silver
Listing DetailsStatus: Sold
Listing Broker: Jeff Snell, M&AMI, CBI, ABI
Listing Price: $390,000
Cash Flow: $138,138
Inventory Included: No
FF&E Included: No
Financing/Terms:Seller will consider an appropriate component of seller financing.
Reason for Sale:Absentee owner is wanting to reduce travel.
Training:Seller will provide training as needed and as negotiated in the purchase offer agreement.
OperationsYear Established: 2002
Last Acquired: 2006
Employees (full-time): 21
Business Description:This business which has two locations in major Triangle markets is an incredible opportunity. Both locations are profitable with steady sales and sales growth, employees, customers, and product lines. Specializing in silver jewelry these stores also offers a wide variety of non-silver jewelry, apparel, gift items, and engraving. Business is currently absentee owned and may be owner operated or remain absentee. Financials provided assume that the owner will replace the current manager. Purchase price includes a 13,000 name and address client list used for direct mail marketing campaigns! Can be expanded to include emails and more events (anniversaries, holidays).
Owner Qualifications:Owner should have strong management experience. Retail and or luxury goods experience a plus. This is an absentee owner opportunity.
Competition:Strong local economy has built these two locations and will continue to drive growth. Third and Fourth locations could be justified in nearby adjacent markets. This business has an exclusive territory for one of the most popular lines it sells.
Potential Growth:The jewelry industry provides unlimited opportunity for refinement of the product selection/mix. New owner may opt to change product mix somewhat to focus on higher volume, higher margin items around the core silver product business.
Two locations in Triangle Area approximately 14 miles or 20 minutes apart. Both locations have plenty of parking and are situated in high profile upscale strip shopping centers with zero vacancy. Stores are appropriately equipped with display cases and retail displays, phones, computers (point of sale), alarm systems and lighting.
Last Updated: Mar 25, 2021 / 10:42 AM
Financial Information Current As Of: Jul 23, 2013 / 2:17 PM