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PRICE CHANGE for Philly Jewelry Store with Below Market Lease

Philadelphia County, PA

PRICE CHANGE for Philly Jewelry Store with Below Market Lease
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Asking Price: $245,000

Cash Flow: $101,351

Gross Revenue: $697,315

EBITDA: N/A

FF&E: $55,000

Inventory: N/A

Rent: $2,500 /Month

Established: N/A

PRICE CHANGE for Philly Jewelry Store with Below Market Lease

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Business Description

Third Generation Philly Jewelry Store for Sale

This jeweler has been at the top of the Philadelphia jewelry community for three generations. The business is known for its high quality custom designed engagement rings, special occasion pieces as well as providing high quality diamonds, gemstones and quality gold jewelry.
The business has a beautiful renovated store and a very valuable lease that is well below the market for the area.
Take advantage of the owner’s desire to retire and own a jewelry store with a great reputation, a large customer list and a great store in an area where finding a retail store is difficult.

Detailed Information

Location:
Philadelphia County, PA
Real Estate:
Leased
Building SF:
800
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This family jewelry business has been dedicated to one simple mission for over 60 years, to offer its customers the finest custom made jewelry and diamonds at the best price. The businesses specialty is handmade engagement rings and fine diamond jewelry. Each piece created has the best craftsmanship and attention to detail, no matter how large or small.
Growth & Expansion:
This business has operated as an owner operated store without any additional staff since a member of the previous generation retired. A new owner could and should add an experienced jewelry salesperson to the staff so the store doesn't lose customers waiting for service which often happens now. The store is only open 34 hours a week and closes before the end of most peoples work day so it also loses customers to other stores open past 5. This business has the benefit of three generations of families knowing about the businesses quality and customer service so the customer list is not only long but also of a high quality.
Support & Training:
3 weeks
Reason for Selling:
retiring
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Richard Collins

Business Listed By:
Richard Collins

Transworld Business Advisors of Center City Philadelphia

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.

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