MergerPlace

Jewelry Store - 31 Years Old!

Florida (Pinellas)


  • Asking Price: $199,000
  • Gross Income: $91,333
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: $160,000
  • FF&E: $30,000
  • Listing ID: #223670
  • Established: 1989
  • Employees: 1

Business Description

Clearwater’s favorite jewelry store since 1989 in the best location in Clearwater in shopping center on very busy intersection. No competition within 3 miles. Usually does more than $100K of jewelry repair every year. Jewelry repair is by far the most profitable sales of a jewelry store. Has fantastic reviews. Can easily compete and win on price with all other jewelry stores in the Clearwater area because they don’t have to pay franchise fees, mall fees, or store manager fees. Has always been a family business with current owner retiring after 31 years. $160,000 of inventory consisting of designer lines Benjamin Cohen, Bellisimo, and Blue Pal diamonds and gem stones all mounted in 10 and 14-carat gold. Also includes 3 designer lines of silver jewelry along with Citizen and Seiko watch lines. The inventory of $160K must be purchased in cash. The entire rest of the business including all jewelry and watch repair equipment can be financed. Great location for a jewelry store!


Business Details

Primary Business Category: Retailers - Miscellaneous
Location: Florida
County: Pinellas

Company Information

Year Established: 1989
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1

Financial Information

Asking Price: $199,000
Gross Revenue: $91,333
FF&E: $30,000
Inventory: $160,000
Seller Financing Available: Yes

Property Information

Facilities:

All inventory and furniture and jewelry repair equipment convey with sale.

Growth & expansion opportunities:

Current owner does no marketing at all. Current sales are all word of mouth. Any marketing the new owner would implement will significantly increase sales.

Competition:

No competitors within 3 miles.

Reason for selling:

Retiring after 31 years in the business.

Support & Training:

The owner is willing to work with the new owner for 30 days.

Contact Business Seller

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Business Listed By:

Mark Harmon

Florida Business Exchange, Inc.