Upscale Jewelry Store in one of the top retail destinations in S. FL

Miami-Dade County, FL

Seller Financing Available
Upscale Jewelry Store in one of the top retail destinations in S. FL
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Asking Price: Get Financing: $695,000

Cash Flow: $400,000

Gross Revenue: $3,000,000

EBITDA: N/A

FF&E: $55,000

Inventory: $250,000

Lease Rate: N/A /SF

Established: 2005

Upscale Jewelry Store in one of the top retail destinations in S. FL

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Business Description

For Sale: Upscale Jewelry Store in one of the top retail destinations in South Florida.

Loyal client base for over 10 years, serving local and international clients. Merchandise includes fashionable jewelry and name brand watches. $250,000.00+ in inventory is included in the sale.

Based on annual sales of over $3,000,000.00, and backed by more than a thousand customers, bank offers eligible merchant a credit line of $780,000.00.

Substantial gold jewelry and diamond buying from the public. Full jewelry and watch repairs.

Owner gross revenue exceeded $400,000.00 in 2017 based on annual sales of more than $3,000,000.00. Buying and Management duties handled by owner. Day-to-day operations handled by expert loyal staff.

Owner willing to train buyer, at full-time work schedule, for first 45 days without compensation. Additional training available for 90 days extra, at a reduced work schedule of three times a week.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located in a retail space, on a high traffic area in South Florida. Currently a long term lease with.
Growth & Expansion:
Currently the business does not have online sales. Online sales could represent a significant opportunity for growth.
Financing:
CASH
Support & Training:
Will train for 19 weeks @ no cost. All kind of jewelry.
Reason for Selling:
Owner has been in the business for 24 years and wants to retire.
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(from currently available funds)
 
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Adin Garcia

Business Listed By:
Adin Garcia

York Investments corp

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