Established Jewelry & Watch Repair-Cash Flow +$140,000

Anne Arundel County, MD

Established Jewelry & Watch Repair-Cash Flow +$140,000
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Asking Price: $165,000

Cash Flow: $140,370

Gross Revenue: $488,624

EBITDA: N/A

FF&E: $24,602

Inventory: N/A

Established: 1991

Established Jewelry & Watch Repair-Cash Flow +$140,000

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Business Description

Owner ready to retire and motivated for a quick sale!

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.

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Detailed Information

Location:
Anne Arundel County, MD
Employees:
2 FT/3 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
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.
Competition:
There are 2 competitors in he immediate trade area. This business is the highest Google rated jewelry repair business in the area.
Growth & Expansion:
A new owner should conduct online and social media marketing to increase sales.
Financing:
Lender pre-screened with $35k down.
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.
Reason for Selling:
Retirement.
Franchise:
This business is an established franchise
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Mark Carter

Business Listed By:
Mark Carter

Murphy Business Sales

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Sponsoring Broker:
Justin Sandridge

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