Fine Jewelry Store With Successful 57 Year History
Location:
United States
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Connecticut
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Central Connecticut
Industry: Retail > Other Retail
Business Summary
Owner-operated fine jewelry store for sale has been profitable in affluent executive community for over half a century with an excellent reputation for trust, quality and personal service. Recession-proof mix of income generated by fine jewelry and watch sales, estate jewelry consignments, as well as jewelry and watch repairs, custom restyling and design, engraving and appraisal services. Reliable upper income customer base with mailing list of long term multi-generational repeat clients.
Store consistently produces sales in the upper six figure range with owner's benefits exceeding $200,000. Net Income available to the owner had a weighted average of $210,000. annually for the last 3 years. Due to exceptional supplier memo relationships, store is able to achieve a 4-5x turnover on low inventories. Turnkey operating store with key personnel in place to include all display fixtures, security system and safe as well as jewelry/watch repair shop equipment and supplies. Retiring owner will assist buyer for easy transition.
Ideal opportunity for existing jewelry store owner or jewelry professional with financing in place, who is looking to work for themselves and take advantage of the growth history and solid potential this store has to offer. Asking Price $420,000. (Inventory optional)
Special Instructions: For security and confidentiality reasons when inquiring, please identify your name, address and contact information, as well as your professional association as jewelry professional, store owner or broker etc. Serious inquiries with financing only please.
Financials
Asking Price Range: $250K - $500K
Gross Revenues:
$750,000
Cash Flow:
$210,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: Optional.
Seller Financing: No
About The Business
Year Established: 1952
Number of Employees: 4 - 5
Relocatable: Yes
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: Owner will assist buyer for easy transfer.
Reason For Selling: Retirement.
Click on the "I'm Interested" button above for more information on this Retail > Other Retail business for sale.
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Print Listing Id: 700101598
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