Highly Visible and Award winning Jewelry store with growing sales

Asking Price$475,000

Cash Flow
Not Disclosed

EBITDA$158,000

Gross Revenue$2,187,000

Inventory$475,000
Not included in asking price
FF&E$87,000
Included in asking price
Custom Designs
Custom Design
Custom Designs
Custom Design
Save1/2

Highly Visible and Award winning Jewelry store with growing sales


Asking Price$475,000

Cash Flow
Not Disclosed

EBITDA$158,000

Gross Revenue$2,187,000

Inventory$475,000
Not included in asking price
FF&E$87,000
Included in asking price
Business Description
20+ year history of serving clients
This fine Jewelry and Repair Boutique offers a personalize shopping experience. Located in a prime location between Tucson and Oro Valley, the boutique specializes in crafting one-of-a-kind items, repairing on site, and custom design services. The store is known for its welcoming appearance, street signage with 43,000 traffic counts past store on major thoroughfare, a large parking lot for easy access, and easy feeling sale approach in a comfortable atmosphere. Using industry leading software for client management. Marketing tools for texting and email.

Succeeded because of a focus on exceptional customer service, clients are guided through the purchase process, ensuring they find the perfect piece for any occasion. The store boasts exclusive vendors and numerous best of Tucson jewelry award. Client list is 7000 deep with email and text lists used for advertising. 5 Star recommendations on Google, The Knot, and 4.7+ on others like Facebook, NextDoor, and Yelp. Store has many referrals.

This is a fantastic opportunity for an entrepreneur(s) looking to enter the lucrative jewelry market. The brand has years of experience and the seller is dedicated to ensuring a smooth transition and continued success.
About the Business
Years in Operation
23
Number of Employees
5
Facilities & Assets
Open and airy layout that was custom designed, but not overly expensive with a sitting area, coffee and drink bar, and design desk for clients to work with owner. Attractive LED lighting, custom camera system, large safe, existing security system, and in house repair shop all onsite make this an ideal jewelry store.
Website
http://www.trinitydiamonds.com/
Market Outlook / Competition
The jewelry market in Tucson is tough because of many pawn shops that can offer lower prices. Those are not the clients that the company attracts, instead the business has succeeded because of the dedication to customer service, custom design, and timely deliveries. The store has exclusive rights to quality brands that other stores do not have and a reputation in town for the best selection of jewelry.
Opportunities for Growth
For many of the past years the ownership grew the revenue through low margin/high quality pieces. This strategy focused on building the brand and loyalty, but did not cash flow a great deal. Pricing strategy has room to build more margin into the structure as long as clients feel they are still getting good price. Never prioritized website so that is a prime area for growth as well as franchising a well known name that is easy to remember.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
4,500
Rent
$4,500.00 per month
Lease Expiration
12/17/2028
About the Sale
Seller Motivation
Wants to spend time with soon to come grandchild that will involve travelling.
Transition Support
Owner will negotiate training a person on the operations of the store, but there are qualifications that would be helpful for a person to have before getting into the business.
Listing Info
ID
1864391
Listing Views
2385
Business Location

Contact Seller

By clicking the button, you agree to BizQuest's Terms of Use and Privacy Notice.

Business Listed by: Rick Zich

Listing ID: 1864391 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.