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REDUCED PRICE: Profitable Turnkey Jewelry Shop & Watch Repair

Lancaster County, PA (Relocatable)

Asking Price:$195,000

Cash Flow (SDE):$106,000

EBITDA:Not Disclosed

Gross Revenue:$382,000

Real Estate:Not Disclosed

Established:2000

Business Description

This turnkey business offers jewelry repair, men and women's jewelry, clocks and pocket watches, and home decor items.
- Over 26 years of brand value and excellent reputation in the industry
- Authorized dealer for premium brands including Rolex, Citizen, and Victorinox
- Skilled Staff with specialization in watch repair and jewelry customization
- Diverse Revenue Streams
- Potential for expansion into e-commerce and broader geographic markets
- Offering Wristwatches; Pocket Watches; Clocks; Women's & Men's Jewelry; Home Decor; Giftables; Fragrance; and Personalized Gifts

Acquisition Rationale Includes:
- Large customer list with high percentage of regular, repeat customers
- Strong walk-in business due to high traffic location
- Asking price included with tools and equipment
- Reasonable seller expectations for the offering price and transaction terms
- Experienced horologist interested in remaining with the business to train replacement

Ad#:2345192

Attached Documents

WatchRepair&JewelryShop-...

Detailed Information

Inventory:

$125,000
Not included in asking price

Employees:

Facilities:

1,500 sq. ft. of retail space; 1,000 sq. ft. of work area and office space.

Competition:

The Watch Repair & Jewelry retail business has a growing demand with current market value at $75.8 billion and a continued demand for jewelry repair shops and luxury watches.

Growth & Expansion:

This Watch Repair & Jewelry Shop is well-positioned to capitalize on current trends of e-commerce development, as well as strategically developing new locations and partnering with well-established high-end retailers to push customer acquisition and widen the service market.

Financing:

Seller financing available

Support & Training:

Owner is planning his retirement and will stay 24 months after sale to provide horological education with hands on training in clock and watch repairs as well as service calls.

Reason for Selling:

Owner is planning to retire.

Business Location

Location:: Lancaster County, PA
Real Estate:: Owned
Building SF:: 2,500

Demographic Information for Lancaster County Area Household Income Population Age Population Trend Population by Race/Ethnicity: BizBuySell EDGE

Financial Benchmarks for Pennsylvania Jewelry Stores Gross Revenue Benchmarks Cash Flow (SDE) Benchmarks EBITDA Benchmarks: BizBuySell EDGE

Listing Statistics Saved This Listing Listing Last Updated Appeared in Search Listing Detail Views: BizBuySell EDGE

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Business Listed By:
Larry Bonino Mid-Atlantic Business Advisory Services

Ad#:2345192

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.
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