Business Overview
About the Company
This successful jewelry business has been a cornerstone of the Pacific Coast area for over 30 years, located in a bustling shopping center with excellent visibility and foot traffic\. The owners are retiring, presenting a fantastic opportunity for a new buyer to take over a well\-established operation\.
Seller Financing Available\!\!
Key Benefits:
Long\-standing Reputation: Established for over 30 years, this business has built a loyal customer base and a strong reputation in the community\.
Limited Operating Hours: Currently open only four days a week \(Wednesday to Saturday\) from 10 AM to 5 PM, providing a perfect work\-life balance and the potential for increased revenue by extending hours\.
Strong Financial Performance: Gross sales for 2022 were $272,897, with a cash flow of $102,584 based on the 12\-month P&L ending December 31, 2022\.
Upgraded Facilities: The interior space was repainted and upgraded just five years ago, providing a fresh and inviting atmosphere for customers\.
Limited Competition: Operates in a niche market with minimal competition, making it a unique opportunity for growth\.
Detailed Information:
FF&E: $70,000 Not included in asking price
Inventory: $70,000 Not included in asking price
Real Estate: Leased $3,500 per Month
Building Size: 972 sq\. ft\.
Lease Expiration: January 31, 2025
Facilities: The business operates in a well\-laid\-out space that includes a retail showroom, repair shop, small office, and storage room, all situated in a large shopping center near anchor stores\.
Growth & Expansion Opportunities:
This specialized business focuses on retail and repairs, making it challenging for new competitors to enter the market without specific knowledge\. There is significant potential for growth, including expanding operating hours and offering new product lines\.
Financing Options:
Financing terms will depend on the buyer’s qualifications\.
Support & Training:
The owners are committed to a smooth transition, offering a minimum of two weeks of training\. They are open to a consulting agreement post\-sale and live nearby, ensuring ongoing support\.
Reason for Selling:
The owners are retiring after 32 years in the jewelry business
