Exceptional and Profitable Jewelry Store

Asking Price$1,850,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$1,945,814

Inventory$500,000
Not included in asking price
FF&E$300,000
Included in asking price
Real Estate$2,000,000
Not included in asking price
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Exceptional and Profitable Jewelry Store


Asking Price$1,850,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$1,945,814

Inventory$500,000
Not included in asking price
FF&E$300,000
Included in asking price
Real Estate$2,000,000
Not included in asking price
Business Description
Exceptional opportunity to acquire a turn-key jewelry store located in highly desirable and affluent retail submarket of Allen County, IN. The well-established, family owned, full-service jewelry store has a long history of consistent and strong financial performance. For over six decades, the store has served generations of loyal and diversfied customers.

The store has distinguished itself from its competitors by providing outstanding customer service and high quality inventory. The store has curated inventory that has appealled to their diverse customer base and created consistent sales and profits for decades. The experienced and passionate employees have established a legacy of trust and goodwill with generations of loyal customers.

The current owners are ready to retire after a succesful tenure of decades successfully running the business. The profitable, asset-rich, turnkey opportunity features carefully curated and high quality inventory, specialized tools and experienced staff in place. In addition, the owners are willing to provide post sale training to ensure a seamless transition.

This unique opportunity presents an opportunity to extend an enduring legacy of success to new ownership. This opportunity may be ideal for an industry buyer looking to expand in the market, an independant jeweler seeking a fully operational store front, or an investor searching for a stable high margin retail business with long standing customer relationships and scalable growth potential.

Optional $500,000 (estimated) in wholesale inventory available.

$2,350,000 sale price with inventory.

Please contact Broker for NDA to receive detailed information this opportunity.

Financial information will be provided to only qualified buyers who demonstrate their ability to fund the acquistion.
About the Business
Years in Operation
61
Facilities & Assets
The real estate includes a 4,352 square foot freestanding masonry building constructed in 2008 situated on a 1.13 acre lot. The site features include an asphalt parking lot, landscaping and a monument sign. The custom building was constructed for use as a jewelry store and includes specialty retail lighting, custom display cases and cabinetry. The modern building contains well-maintained facilities and an updated infrastructure. The location of the building is a highly desirable retail submarket within one of Indiana's largest cities.
Market Outlook / Competition
The store has achieved success in a market that includes large national companies and numerous local competitors. The store has differentiated themselves from their competition by delivering personalized customer service from their experienced sales staff and their custom designed modern retail space that attracts a wide and dirverse customer base. The high quality and carefully curated inventory further differentiates the store from the similar types of jewlery offered at many other local retailers.
Opportunities for Growth
Technology could be utilized to enhnace the customer experience and improve back end operations at the store. In addition, technology could facilitate e-commerce growth and digital marketing that could leverage data from their POS to drive new sales. Furthermore, the store could implement social media strategy to tell their brand story, engage with users and appeal to younger consumers. Technology could also enable personalization and make the buying process more interactive and unique by connecting the online and in-store experience.
Real Estate
Owned or Leased
Owned
Not included in asking price
Building Sq. Ft.
4,352
About the Sale
Seller Motivation
Retirement
Transition Support
The owners are willing to agree to a reasonable period of transition assistance.
Listing Info
ID
2431723
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Business Listed by: Robert Doyle Sturges Property Group

Listing ID: 2431723 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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