Jewelry Store -Net Profit $180,000 yr.

Worcester County, MA

Seller Financing Available
Jewelry Store -Net Profit $180,000 yr.

Asking Price:$280,000

Cash Flow:$180,000

Gross Revenue:$650,000

EBITDA:N/A

FF&E:$150,000

Inventory:$200,000*

Established:1982

*not included in asking price.

Jewelry Store -Net Profit $180,000 yr.

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Business Description

Branded and Custom Retail Jewelry Store established over 30 years under same ownership, with fully equipped Jeweler's bench workshop and bench jeweler. The store carries jewelry of all types including rings, gold chains, diamonds, precious and semi-precious stones, gold, silver, platinum, cultured pearls, etc. The retail store has beautiful custom showcase displays and is fully equipped for retail sales and associated services. Services include expert jewelry appraisal, design and repair, modification and reclamation, standard and custom engraving, and watch repair. This is a full service destination jewelry shop with a long history of quality service. Seller would like to retire.

Detailed Information

Inventory:
Not included in asking price
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Modern 2,450 SF Jewelry Store with off-street parking. The facility is modern with elegant custom showcase displays and a workshop, fully equipped for branded and custom jewelry sales and associated services. Seller also owns the building and will offer a long term lease with Right of First Refusal.
Competition:
Seller is one of the oldest full service destination jewelers in the community with a central commercial location that includes retail parking.
Growth & Expansion:
Build on the long 30 year history of this destination Jeweler.
Financing:
Flexible financing options for qualified buyer.
Support & Training:
Seller will train and assist for a smooth transition of ownership.
Reason for Selling:
Retirement

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Karen Kelley

Business Listed By:
Karen Kelley

George & Company/CentralBrokers

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Sponsoring Broker:
Christopher R. George, CBOA

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