Landmark Jewelry and Gift Store

Keystone, SD (Pennington County)

Seller Financing Available
Close to Mount Rushmore
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Asking Price: $148,000

Cash Flow: $51,000

Gross Revenue: $282,000

EBITDA: N/A

FF&E: $45,000

Inventory: N/A

Rent: $2.50

Established: 1981

Landmark Jewelry and Gift Store

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Business Description

This landmark jewelry and gift store has been family owned and operated for over 37 years in the most traveled tourist corridor in all of the Midwest…Keystone, South Dakota. Almost 3 million tourists pass by this location every year on their way to Mount Rushmore. The business specializes in Black Hills gold and silver from the finest designers in the area. Additionally, this business offers unique and high-demand gifts including bronze sculptures, original art, gemstones and geodes. There are several opportunities for sales growth with year-round marketing and internet sales or simply expand the business during the busy summer season with new inventory items. The enterprise generates a great profit and is well known to frequent travelers all over the world. Business requires low staffing (2-5 employees) and the purchase price includes approximately $45,000 in furniture, fixtures & equipment. Owner will provide 100 hours of training and consultation. Inventory to be purchased separately at cost. Real estate is not included. Five years remaining on current lease with an additional five-year option to renew. Email today!

Detailed Information

Real Estate:
Leased
Building SF:
1,600
Lease Expiration:
12/31/2023
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Furniture, fixtures, recently replaced jewelry cases.
Competition:
Captive market on busy tourist thoroughfare
Growth & Expansion:
Owner will share ideas and opportunities for growth.
Support & Training:
100 hours from prior owners
Reason for Selling:
Retiring
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Business Listed By:
Chris Connelly

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