Michael's Gems and Glass

Asking Price$120,000

Cash Flow
$65,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$239,000

Inventory$40,000
Not included in asking price
FF&E$20,000
Included in asking price
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Michael's Gems and Glass


Asking Price$120,000

Cash Flow
$65,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$239,000

Inventory$40,000
Not included in asking price
FF&E$20,000
Included in asking price
Business Description
This popular retail store sells a large variety of Collectables, Gifts, Gem Stones, Jewelry, and related items. The business has been established 34 years and at this location for 31 years. The business is very popular with generations of repeat tourist and locals. The products offered in the store are interesting as well as educational.
Price has been drastically reduced due to the owners retirement plans!
So, don't miss this rare retirement opportunity and chance to buy a very profitable business at the beach! " Dare to Live the Dream" at the Beautiful Outer Banks!
About the Business
Years in Operation
35
Facilities & Assets
The business has a great location in a very popular shopping center. In fact you could say, the shopping center has a captive audience. There is also plenty of parking.
A new lease can be negotiated.
Website
https:// www.michaelsgems.com
Market Outlook / Competition
There is a healthy demand for the stores products and there is NO DIRECT COMPETION!
Opportunities for Growth
A new owner could grow sales with more empathize on social media websites and an expansion of their already existing E- Commerce website. There is always the possibility of adding more stores in the future.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
875
Rent
$2,627.00 per month
Lease Expiration
12/31/2025
About the Sale
Seller Motivation
Retirement
Transition Support
The seller is willing to offer training after the sale and would consider staying with the business in a more limited capacity.
Listing Info
ID
2420572
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Business Listed by: Brent Tomlinson Tomlinson and Associates, LLC

Listing ID: 2420572 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.