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Well Established Jewelry & Watch Store in a Very Reputable Mall

Middlesex County, NJ (Relocatable)

Well Established Jewelry & Watch Store in a Very Reputable Mall
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Asking Price: $200,000

Cash Flow: $100,000

Gross Revenue: $300,000

EBITDA: $65,000

FF&E: $35,000

Inventory: $200,000*

Rent: $3,950 /Month

Established: 2008

*not included in asking price.

Well Established Jewelry & Watch Store in a Very Reputable Mall

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Business Description

Jewelry Store for Sale

This is an 10+ years of established store selling Designer Brand Name Watches, 10k and 14k fine Gold and Diamond Jewelry and Designer Sunglasses. The store is designed and built as a Jewelry store because we used to sell jewelry at one point and then transitioned into watch business. Even though the store was built as a Jewelry store our primary focus always remained selling and servicing watches. The store has been upgraded with new extra bright LED Bulbs which also brings the electric bill down a lot, new luxury carpet and new paint.

This store can do great if someone can run it as a full fledged Fine Jewelry Store as it is designed for that purpose and recover the cost in one to one and half year.

Our store is an inline store in a prestigious Central New Jersey Mall located between Apple and Nordstorm. The store is 1287 sf. and has always been leased as a temporary tenant which helps in getting lower Rent. The store also has a large back room or storage room. Lease is renewed every fourteen months and expires in March 2020. The Rent is very low for a big store in a prestigious mall at ONLY $ 3750 per month + $ 200 for HVAC.

Detailed Information

Location:
Middlesex County, NJ
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,287
Lease Expiration:
3/20/2019
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This store has been fully built as a Fine Jewelry Store with Custom hand made show cases, upgraded with new extra bright LED Bulbs, new Luxury Carpet and newly painted. It comes with two fine window display units. The store is a 1287 sf inline store located between Apple and Nordstorm. It has a large may be 200+ sf. back room or storage room and has an bathroom in the store.
Competition:
There is very limited competition in this business unlike most malls where they have 10-12 jewelry stores. There is only one independent jeweler who carries very high end watches and jewelry. Apart from him there are only three jewelry chain stores and department stores.
Growth & Expansion:
We don't have the resources to run it like a full fledged Jewelry store. This mall is missing out on a mid priced jewelry store. All they have are the three jewelry chain store and one really high end independent store. The store can do great if someone can run it as a Fine Jewelry Store. We always were focused on running it like a watch store.
Support & Training:
Owner willing to stay two weeks for training if needed or a week more if necessary. If someone is from the jewelry field then he won't need any training.
Reason for Selling:
Have to move to another state closer to the family.
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Business Listed By:
Sonny Kapoor

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