37367-Retail Jewelry and Jeweler Services

TX

37367-Retail Jewelry and Jeweler Services

Asking Price:$450,000

Cash Flow:$165,000

Gross Revenue:$1,162,000

EBITDA:$165,000

FF&E:N/A

Inventory:$650,000*

Real Estate:N/A

Established:1946

*not included in asking price.

37367-Retail Jewelry and Jeweler Services

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Business Description

Located in the far northeast region of Texas, this retail business specializes in high quality custom wedding rings, diamonds, and fine jewelry for individuals. The Company has a proven track record, supported by testimonials written by customers over the years. With its broad range of products and services this jeweler’s marketing efforts focus on targeting local individuals within a 60-mile radius. As inventory value varies and the owner is currently reducing overhead, inventory is separate and negotiable at time of sale. The majority of revenue comes from retail sales of jewelry including Custom wedding rings, diamonds, fine jewelry, elegant watches and fashion jewelry. Meanwhile 10% comes from services including repair and resetting of stones, ring sizing, cleaning and polishing and engraving.

Established over 69 years ago, this business continues to keep up with the latest trends. After years of dedication, the owner is now approaching retirement. This company could be operated in a hands-on or absentee fashion, giving the owner the ability to enjoy a flexible schedule and as much control of business activities as desired. With State, pawn, precious metal and loan licenses in place. This is a great opportunity for the new owner to secure their future. Contact us today for more information on this jeweler with 20% profit margins!

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
7
Facilities:
The Company owns the 3,600 sq. ft. facility with a concrete parking lot. The facility includes a showroom, offices, workshop, and parking for customers and employees. The property is owned with an option to lease or purchase. There is one acre of land attached for expansion, apartment complex or office complex.
Competition:
80% repeat clientele.
Financing:
Negotiable up to: 20.00 %
Support & Training:
Key employees including a manager and a contractor will most likely stay on after the sale. The owner will be available for a reasonable transitioning period.
Reason for Selling:
Approaching retirement.

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