JeweJewelry/Watch Repair Franchise-Music City Mall Lewisville TXll

Lewisville, TX (Denton County)

Front Entrance
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Asking Price: $100,000

Cash Flow: $47,237

Gross Revenue: $252,719

EBITDA: N/A

FF&E: $27,500

Inventory: $50,000

Established: 2013

JeweJewelry/Watch Repair Franchise-Music City Mall Lewisville TXll

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Business Description

Opportunity to purchase an established, profitable watch and jewelry repair business that is part of the world’s largest franchise in that particular industry. Concept was introduced over 30 years ago and has grown to 150 retail locations in the U.S. and Canada. Always ranked by Entrepreneur’s Franchise 500. Perfected system for delivering fast, efficient, professional repair work on jewelry and watches for men and woman. Proven system with a franchiser that will provide training, on-going support and efficient promotion and advertising methods. Having experience in this business is NOT a pre-requisite for success.

Stores located conveniently in high traffic areas of regional shopping malls either in highly visible kiosks or through an inline retail front. Services include chain smoldering, remounting, ring sizing, engraving (extremely high profit margins), jewelry cleaners, watchbands, mountings, loose stones, smart phone repair and watch batteries replacement.

Financials – Seller financial statements

Business hours - Monday-Saturday 11:00 am – 9:00 pm; San 12 noon – 6:00 pm, 2 employees

EXTREMELY MOTIVATED SITUATION! The seller has been employed as a jeweler with the franchise as either an owner or an employee for over 30 years and is ready to retire for health reasons. This business has always made a solid income and will continue to do so but the owner has grown weary. Ready to make a move now so please make any reasonable offer. This business needs to be operated by a younger, more businesses minded individual. The owner can be replaced by a jeweler at a pay scale of $18-21/hour with a 30-35 hours work/week maximum.

Sale will require franchiser approval and a transfer fee of $5,000 to be paid by the buyer which will include 1 week training in all aspects of the business (room, board and airfare not included). A 6% royalty is paid monthly based on the gross revenues and the franchisee is required to spend an additional 2% of gross revenues on advertising in the trade/market area as defined by the franchisee.

The information contained in this marketing is subject to change, corrections, or withdrawal without notice. Information provided herein has been provided by the Seller and not by Broker.

The Seller has listed this business strictly as an asset transaction. This is not an offer to sell securities. This is not a solicitation to sell securities.

Listing Broker Firm: Diversified Business Investments, Contact Stocker Travis, Principal at 214-725-2775 or Stocker@libertyexchange.com

Detailed Information

Location:
Lewisville, TX
Inventory:
Included in asking price
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Approximately 875 sq ft, Monthly rent $4,458.78, lease expires April 30, 2022
Competition:
Excellent for the right individual
Growth & Expansion:
Outside what is required by the franchiser, the seller does little to no advertising.
Support & Training:
Seller will train at no cost to buyer for two weeks.
Reason for Selling:
Health/Retirement
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(from currently available funds)
 
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Stocker Travis

Business Listed By:
Stocker Travis

LibertyExchange.com Network

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Sponsoring Broker:
Liberty Exchange.com Various Brokers

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