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Turn Key Gold Buying / Selling Business In Mall
Location: United States -> New Jersey -> Elizabeth
Industry: Retail > Other Retail

Business Summary

Hi my name is Mike. My family and I have Established this great gold buying business for sale in 2008. My family has been in the jewelry business for over 25 years. We have put a lot of time, effort and planning into this company. We have went to all sorts of different malls throughout New York and New Jersey looking a prime location to do this type of business. We came across Jersey Gardens Mall and everything fell greatly into place. We filled the showcases with all beautiful 14k gold and diamond jewelry but it didn't sell too well. We took it all out and replaced it with less expensive jewelry. We got ranked #1 for most gold bought in Union County New Jersey, 2008. We have a beautiful, well lit 10 x 10 kiosk in a prime location of Jersey Gardens Mall in Elizabeth, NJ. It is a brand new design and attractive looking with 6 3/4 length showcases with showcase revolving doors being the entrance/exit. It is really a must see! We buy old gold, scrap gold and beautiful pieces from customers. There is no end to making wall to wall money. The business does really great, gold buying is extremely profitable. We have filled our showcase with low priced items such as gold filled, stainless steel, sterling silver and costume jewelry. It is all very high quality, it moves really fast and is extremely profitable. Buying gold and selling inexpensive beautiful jewelry go hand-in-hand. We are asking $200,000. Email or contact Mike: (718) 885-7768.


Asking Price Range:  < $250K
Gross Revenues:   $250,000
Cash Flow:   $225,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $85,000
Seller Financing:  No

About The Business

Year Established:  2008
Number of Employees:  1 - 3
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Leased

About The Sale

Reason For Selling:  Entering new business.

Print Listing Id: 700129860
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