Upscale Jewelry Store in one of the top retail destinations in S. FL

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Upscale Jewelry Store in one of the top retail destinations in S. FL
Asking Price:
$695,000

Gross Revenue:
$3,000,000
Cash Flow:
$400,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$250,000
included in asking price

FF&E:
$55,000
included in asking price

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Business Description

For Sale: Upscale Jewelry Store in one of the top retail destinations in South Florida.

Loyal client base for over 10 years, serving local and international clients. Merchandise includes fashionable jewelry and name brand watches. $250,000.00+ in inventory is included in the sale.

Based on annual sales of over $3,000,000.00, and backed by more than a thousand customers, bank offers eligible merchant a credit line of $780,000.00.

Substantial gold jewelry and diamond buying from the public. Full jewelry and watch repairs.

Owner gross revenue exceeded $400,000.00 in 2017 based on annual sales of more than $3,000,000.00. Buying and Management duties handled by owner. Day-to-day operations handled by expert loyal staff.

Owner willing to train buyer, at full-time work schedule, for first 45 days without compensation. Additional training available for 90 days extra, at a reduced work schedule of three times a week.

About the Business

Year Established:
2005
Number of Employees:
5
Real Estate:
Leased
Facilities:
Located in a retail space, on a high traffic area in South Florida. Currently a long term lease with.
Growth & Expansion:
Currently the business does not have online sales. Online sales could represent a significant opportunity for growth.
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About the Sale

Reason For Selling:
Owner has been in the business for 24 years and wants to retire.
Training/Support:
Will train for 19 weeks @ no cost. All kind of jewelry.
Seller Financing:
CASH

Listing Info

ID:
1491261
Ad Detail Views:
328

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Business Listed by

Adin Garcia

York Investments corp

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