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Business Description
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Turnkey --Walk in turn on the lights and have positive cash flow on day one.
Owned and operated by the same owners for 31 years on the tropical island of Siesta Key, Florida.
Owners motivated to sale and willing to negotiate. Reasonable offers will be considered.
Siesta Key Village is a tropical Island just off the mainland of Sunny Sarasota, Fla.This is a charming Village in walking distance from the number one pristine beach in the country. The village has over a hundred shops, with a mix of restaurants, bars, hotels, boutiques and national tenants, including upscale establishments. The Village comes alive after sunset, with tiki bars, live music, karaoke, and great food. Roughly 6,000 local residents live on the Island year-round and over 350,000 tourists visit this Village annually.
Future growth on this island is tremendous, with several new hotels scheduled for construction. A new Tommy Bahama Store and an Alvins Beachwear store recently opened directly across the street from this Jewelry store. Many europeans travel to Siesta Key annually and spend a significant amount of money while vacationing here.
The current owners have not raised prices in 15 years.A small price increase would drop substantially more income to the bottom line. An experienced jeweler could add other types of jewelry and expand this operation substantially.
The current owners do not sell jewelry on the internet, nor do they take advantage of social media. A savvy buyer who is technically inclined could utilize this and take the business to a whole new level.
The current owners have no employees and alternate days 7 days a week. The store is open from 10:00 A.M. to 5:00 P.M. These hours could be expanded to match the operating hours of the other retail businesses and restaurants in the Village.
Please do not walk into the shop unannounced and attempt to speak to the owners. They will only tell you to contact their Broker and they don't want to be discussing the sale of their business with customers around.
Turnkey --Walk in turn on the lights and have positive cash flow on day one.
Owned and operated by the same owners for 31 years on the tropical island of Siesta Key, Florida.
Owners motivated to sale and willing to negotiate. Reasonable offers will be considered.
Siesta Key Village is a tropical Island just off the mainland of Sunny Sarasota, Fla.This is a charming Village in walking distance from the number one pristine beach in the country. The village has over a hundred shops, with a mix of restaurants, bars, hotels, boutiques and national tenants, including upscale establishments. The Village comes alive after sunset, with tiki bars, live music, karaoke, and great food. Roughly 6,000 local residents live on the Island year-round and over 350,000 tourists visit this Village annually.
Future growth on this island is tremendous, with several new hotels scheduled for construction. A new Tommy Bahama Store and an Alvins Beachwear store recently opened directly across the street from this Jewelry store. Many europeans travel to Siesta Key annually and spend a significant amount of money while vacationing here.
The current owners have not raised prices in 15 years.A small price increase would drop substantially more income to the bottom line. An experienced jeweler could add other types of jewelry and expand this operation substantially.
The current owners do not sell jewelry on the internet, nor do they take advantage of social media. A savvy buyer who is technically inclined could utilize this and take the business to a whole new level.
The current owners have no employees and alternate days 7 days a week. The store is open from 10:00 A.M. to 5:00 P.M. These hours could be expanded to match the operating hours of the other retail businesses and restaurants in the Village.
Please do not walk into the shop unannounced and attempt to speak to the owners. They will only tell you to contact their Broker and they don't want to be discussing the sale of their business with customers around.
About the Business
- Years in Operation
- 31
- Employees
- 2
- Currently Relocatable
- Yes
- Facilities & Assets
- This business is located in the heart of Siesta Key a major destination vacation spot for both Nationals and Internationals. The business is operated out of a 684 square foot space in an upscale strip center with great visibility and high traffic count. This space has been recently renovated and is in top notch condition ready for a new owner to step in, turn on the lights and make money on day one..
- Website
- http://mountnrepairsiestakey.com
- Market Outlook / Competition
- There are no other Jewelry businesses on the key that offer the extensive line of jewelry and full service that this business offers.
- Opportunities for Growth
- There are a many things a new owner could do to increase revenue and bottom line profit. The owners have not increase prices in many years. A small increase would increase bottom line profitablity. They do not use social media or any take advantage of sales over the internet. Although when they were younger they kept the store open longer, they are now only open fro 10:00 A.M. to 5:00 P.M. daily. This Island is alive in the evenings and there is a lot of foot traffic. staying open later could capture a lot of business.
About the Sale
- Seller Motivation
- After 31 years the Owners wish to retire.
- Transition Support
- The owner is retiring and will remain in the area. He will provide adequate training upfront to a new owner and be available on a consultant basise for an extended period of time to make for a smooth transition.
Listing Info
- ID
- 2376913
- Listing Views
- 1530
Listing ID: 2376913 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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