Jewellery Business in the Heart of Baltimore

Baltimore, MD (Baltimore City County)

Store front
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Asking Price: $49,000

Cash Flow: N/A

Gross Revenue: $150,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $2,186 /Month

Established: 2016

Jewellery Business in the Heart of Baltimore

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Business Description

Overview

A tremendous opportunity for a new owner to step in and take over an established Jeweller’s in Baltimore, Maryland. A well-established business in the Heart of downtown Baltimore. The business is located in the downtown area of Baltimore city next to the well-known Lexington Market (*) with a loyal customer base. Its located with close proximity to major attractions; the Hippodrome performing art center, Everyman theatre, The Royal farms arena and few of the university of Maryland schools (Law, Dentistry, Medical and social work) as well as the university of Maryland medical center. In addition to the Orioles stadium which is a walking distance. Along with reasonable rent, there are good lease terms with many years remaining.?
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Due to the presence of the market next to the store, this has led to a tremendous traffic consisting of students, nurses and tourists.
Perfect for an owner-operator or as part of a family business. Fresh eyes and contemporary marketing methods can take this solid business to the next level.

(*) Lexington Market has been a mainstay of Baltimore life for more than 200 years. Throughout its long history, its spirit of entrepreneurship, vibrancy, and culture has always endured. Now, it’s time for another transformation, one that reinvigorates Lexington Market for the next 200 years to come.
Making the Lexington Market the gathering place for all of Baltimore and a hub for community, culture, health, and wealth-building.
The transformation is planned to take place from the beginning of January 2020.
To see planed work
https://lexingtonmarket.com/transform/

Detailed Information

Location:
Baltimore, MD
Real Estate:
Leased
Building SF:
700
Lease Expiration:
N/A
Employees:
2
Facilities:
Located on the corner of Eutaw and Madison on a main thoroughfare. The space is approximately 800 square feet with a basement same size as the store.
Competition:
There is standard competition for the industry and market, but this Jewellery business is a well-known and established business. There is a high density of apartments and renters enabling this store to attract new customers. Limited retail space in the immediate area suggests low probability of new competitor emerging.
Growth & Expansion:
The business is located in a captive location in the center of the neighbourhood. Adding services like pre-paid phone services would increase revenue as would offering check cashing, money transfer, international phone cards, etc.
Support & Training:
Willing to provide support and training as required in addition to introduction to Jewelers and wholesalers
Reason for Selling:
Relocation
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Business Listed By:
Mohamed Ahmed

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