MergerPlace

Upscale Jewelry Shop in Ft Lauderdale FL

Fort Lauderdale, Florida (Broward)


  • Asking Price: $599,000
  • Gross Income: $996,751
  • Cash Flow: $234,983
  • Real Estate: Not Disclosed
  • Inventory: $250,000
  • FF&E: $275,000
  • Listing ID: #200797
  • Established: 1999
  • Employees: 5 FT - 3 PT

Business Description

Upscale Jewelry Shop in one of the top retail destinations in South Florida. Loyal following from 18 years servicing local and international clientele. Certified diamonds, fine and fashion jewelry and name brand watches with emphasis on bridal business. Full jewelry and watch repairs. Substantial gold jewelry and diamond buying from the public. Expert loyal staff. $250K inventory included. Owner benefit exceeded $250K in 2016 despite major renovation project blocking access to store.


Business Details

Primary Business Category: Retailers - Miscellaneous
Location: Florida
Metropolitan Area: Fort Lauderdale
County: Broward

Company Information

Year Established: 1999
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 5 FT - 3 PT

Financial Information

Asking Price: $599,000
Gross Revenue: $996,751
Cash Flow: $234,983
EBITDA: $234,983
FF&E: $275,000
Inventory: $250,000
Seller Financing Available: No

Property Information

Facilities:

Over $250K in store upgrades in one of South Florida's top retail destinations.

Growth & expansion opportunities:

Continued growth in the local population and international traffic make this a great opportunity. Renovations which hindered access in 2016 are now fully complete.

Competition:

Significant renovations to the center have resulted in an increase in foot traffic into the store.

Reason for selling:

Retirement

Support & Training:

Four weeks at no cost to buyer.

Contact Business Seller

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Business Listed By:

Roberta Caputo

Capital Business Solutions