Highly Profitable Niche Retail, Jewelry Repair Business For Sale

Lucas County, OH

Highly Profitable Niche Retail, Jewelry Repair Business For Sale

Asking Price:$450,000

Cash Flow:$176,687

Gross Revenue:$658,710





Highly Profitable Niche Retail, Jewelry Repair Business For Sale

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Business Description

Highly Profitable Niche Retail, Jewelry Repair Business

Reason for Sale: Out of state owner/absentee owner- Highly Profitable retail jewelry repair business located in a regional mall. Seller specializes in all types of repairs for jewelry, watches & batteries, cell phones. Retail sales of watches have become a growing segment of their business + gold buying. Store has a Modern design with clean lines. Absentee owner but Owner benefit is for a Full time working owner. 2015 sales exceed $650k with an owner benefit of $176k. Great Books & records (Tax Return on file) $30k of Inventory included in the sale. Lease extends to 2016 with 588 sq ft footprint. Lender pre-qualified.

Detailed Information

Included in asking price
5 FT/2 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Local Mall- No mall competition within 75 miles.
Lender pre-screened with $112,500 down.
Support & Training:
Will train for 2 weeks @ no cost.
Reason for Selling:
Absentee Owner.

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Russell Cohen

Business Listed By:
Russell Cohen

Murphy Business & Financial Corporation

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities.

Sponsoring Broker:
Murphy Business

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