Profitable Family Owned Jewelry Store FOR SALE!
Business Description
Profitable Family Owned Jewelry Store FOR SALE! This turnkey jewelry business presents an exceptional opportunity for an entrepreneur looking to enter the established jewelry retail market in Brooklyn, NY.
BUSINESS OVERVIEW:
Established in 2020, this family-owned jewelry store has built a solid foundation with consistent operations and an established customer base. Located in a prime Brooklyn location, the business generates strong annual revenue of $310,000 while maintaining profitability.
FINANCIAL PERFORMANCE:
- Annual Revenue: $310,000
- Asking Price: $150,000
- Revenue Multiple: 0.48x (attractive valuation)
- Profitable operations with established cash flow
OPERATIONS:
- Turnkey business ready for immediate operation
- 900 square feet of retail space
- Lease secured through February 2029 at $3,400/month
- 2 employees currently supporting operations
- Established clientele providing steady customer base
LOCATION ADVANTAGES:
- Prime Brooklyn, NY location in Kings County
- High-traffic area with strong customer accessibility
- Established neighborhood presence
GROWTH OPPORTUNITIES:
Significant expansion potential through diversification into complementary financial services including:
- Pawn shop operations
- Money transfer services
- Check cashing
- Money orders
- Bill payment services
- Income tax preparation
These additional revenue streams could substantially increase annual income while leveraging existing customer relationships and foot traffic.
OWNER SUPPORT:
The current owner will provide comprehensive support and advice to ensure smooth transition and continued success.
REASON FOR SALE:
Owner wishes to pursue new business ventures, creating this opportunity for qualified buyers.
This established jewelry store offers immediate profitability, growth potential, and the security of a long-term lease in a prime location. Perfect for entrepreneurs seeking a proven business model with expansion possibilities.
BUSINESS OVERVIEW:
Established in 2020, this family-owned jewelry store has built a solid foundation with consistent operations and an established customer base. Located in a prime Brooklyn location, the business generates strong annual revenue of $310,000 while maintaining profitability.
FINANCIAL PERFORMANCE:
- Annual Revenue: $310,000
- Asking Price: $150,000
- Revenue Multiple: 0.48x (attractive valuation)
- Profitable operations with established cash flow
OPERATIONS:
- Turnkey business ready for immediate operation
- 900 square feet of retail space
- Lease secured through February 2029 at $3,400/month
- 2 employees currently supporting operations
- Established clientele providing steady customer base
LOCATION ADVANTAGES:
- Prime Brooklyn, NY location in Kings County
- High-traffic area with strong customer accessibility
- Established neighborhood presence
GROWTH OPPORTUNITIES:
Significant expansion potential through diversification into complementary financial services including:
- Pawn shop operations
- Money transfer services
- Check cashing
- Money orders
- Bill payment services
- Income tax preparation
These additional revenue streams could substantially increase annual income while leveraging existing customer relationships and foot traffic.
OWNER SUPPORT:
The current owner will provide comprehensive support and advice to ensure smooth transition and continued success.
REASON FOR SALE:
Owner wishes to pursue new business ventures, creating this opportunity for qualified buyers.
This established jewelry store offers immediate profitability, growth potential, and the security of a long-term lease in a prime location. Perfect for entrepreneurs seeking a proven business model with expansion possibilities.
About the Business
- Years in Operation
- 5
- Number of Employees
- 2
- Facilities & Assets
- High Traffic Area, with many walk-in clients. The space is outfitted with Acrylic Glass, For Extra Security installed a Front and Second Door with buzzers. 8 Security Cameras with DVR recorder.
- Market Outlook / Competition
- Prime Location.
- Opportunities for Growth
- Can increase revenue by adding Pawn shop, Money transfer Services, Check Cashing, Money Order, Bill pay, and Income Tax Services.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 900
- Rent
- $3,400.00 per month
- Lease Expiration
- 2/28/2029
About the Sale
- Seller Motivation
- Want to Start a new Business.
- Transition Support
- Will provide Support and Advice to new Buyer as needed and negotiated.
Listing Info
- ID
- 2358640
- Listing Views
- 79
Business Location
Listing ID: 2358640 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.
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