Jewelry & Watch Repair Franchise

Dallas, TX (Dallas County)

Front Entrance
Contact Seller

Asking Price: $150,000

Cash Flow: $47,237

Gross Revenue: $252,719

EBITDA: N/A

FF&E: $27,500

Inventory: $70,000

Established: N/A

Jewelry & Watch Repair Franchise

Save Print Share Valuation Report

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.

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.

SALE OF BUSINESS EXTREMELY CONFIDENTIAL!! Employees and customers unaware of seller’s intentions. Business to be seen as a customer only and please act like one. DO NOT CONTACT EMPLOYEES OR OWNER!! Any closer looks at the business or meetings with the owner are to be done after hours by appointment only through the broker who has all of the necessary information. For further info contact owner’s representative Stocker Travis
FFE $27,500, Inventory $70,000

Financials based on 12 months ended 12/31/17 & 8 months ended 8/1/18

Financing available at a competitive interest rate and a reasonable term from a 3rd party lender to a qualified applicant with sufficient credit & cash injection

Hours open: Monday – Saturday 10:00 a.m. – 9:00 p.m, Sunday 12 noon – 600p

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.

Detailed Information

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, Lease expires 4/30/2022.
Support & Training:
Seller will provide on-site training after the purchase, assist in securing retention of employees and transfer of supplier relationships, provide on-call telephone assistance after completion of the training and sign a no competition agreement.
Reason for Selling:
Retirement/Health Issues
Contact Seller

Contact the Seller

(from currently available funds)
 
Contact Seller Loading

Stocker Travis

Business Listed By:
Stocker Travis

LibertyExchange.com Network

Show Phone Number

View My Listings


Sponsoring Broker:
Liberty Exchange.com Various Brokers

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1577702 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings