Full Service Jeweler - EST. 38 Years

Asking Price$455,000

Cash Flow
$88,674
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$743,394

Inventory$250,000
Included in asking price
FF&E$75,000
Included in asking price
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Full Service Jeweler - EST. 38 Years


Asking Price$455,000

Cash Flow
$88,674
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$743,394

Inventory$250,000
Included in asking price
FF&E$75,000
Included in asking price
Business Description
**Full-Service Retail Jeweler with Nearly 500 5-Star Reviews**

This Pinellas County, FL full-service jeweler has been in business for 38 years and has achieved an impeccable customer following, as evidenced by their Google reviews. Products and services include retail jewelry and watches, custom-designed pieces and onsite production, jewelry repair, precious metal and diamond buying/recycling, cleaning, plating, sizing, and much more.

The business has an extensive list of suppliers who are eager to work with a new owner to continue supporting and growing the business.

A full-time manager and a part-time assistant are expected to stay with the business. SDE has been reduced to accommodate the replacement of one or two full-time working owners, who will need to be replaced during an appropriate transition period.

Inventory value, which fluctuates throughout the year and with metals markets, is expected to be approximately \$250K at the time of closing. Be advised that the final sale price will be adjusted based on inventory levels and the current precious metal market prices at the time of closing. Additional inventory, if any, may be made available to the buyer on a consignment basis, subject to mutually agreeable terms.

The company's fiscal year ends September 30, so 2023 financials, for example, are for the period ending 9/30/24.

**For more information, buyer must submit an NDA, Buyer Profile, and Personal Financial Statement.**

Listing # 924-25083
About the Business
Years in Operation
38
Employees
2
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
970
Rent
Not Disclosed
About the Sale
Seller Motivation
Retirement
Transition Support
Weeks Training: 2 Cost: $0
Financing Options
$50,000 down / 120 pmnts of $5,675.41
Listing Info
ID
2395378
Listing Views
146

Contact Seller

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Business Listed by: Steve Rietbergen American Business Brokers

Listing ID: 2395378 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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