MergerPlace

Established Jewelry & Watch Repair

Maryland (Anne Arundel)


  • Asking Price: $165,000
  • Gross Income: $488,624
  • Cash Flow: $126,487
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $24,602
  • Listing ID: #212827
  • Established: 1991
  • Employees: 2 FT / 3 PT

Business Description

This watch and jewelry repair business was established in 1991 and has been owned by the current owner since 1996. The company specializes in repairing jewelry and watches and engraving on site. The owner has employees in place and only works at the store 30 hours per week.


Business Details

Primary Business Category: Services - Business
Location: Maryland
County: Anne Arundel

Company Information

Year Established: 1991
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 2 FT / 3 PT

Financial Information

Asking Price: $165,000
Gross Revenue: $488,624
Cash Flow: $126,487
FF&E: $24,602
Seller Financing Available: Yes

Property Information

Facilities:

The business is operated in a 743 square foot retail space in an affluent area with high foot traffic. More information to be disclosed after a non-disclosure agreement is signed.

Growth & expansion opportunities:

A new owner should conduct online and social media marketing to increase sales.

Competition:

There are 2 competitors in he immediate trade area. This business is the highest Google rated jewelry repair business in the area.

Reason for selling:

Retirement.

Support & Training:

Will train for 4 weeks @ $0 cost. No special license is required. Training of the operation will be provided. The owner holds a second-hand precious metal object dealers license.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Justin Sandridge

Murphy Business Brokers