Luxury Jewelry Retailer Available for Acquisition
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The business is a leading independent jeweler with a strong reputation and multi-generational legacy in the Columbus, Ohio area. Now located in one of the state's highest-traffic retail corridors, the Company has evolved into a full-service design-forward destination for bridal, custom, and luxury jewelry. The business is also an official Breitling retailer and has begun testing other pre-owned luxury watch sales. Despite strong in-store performance and a loyal customer base, the Company has yet to launch an e-commerce platform - presenting a significant digital growth opportunity, among other available avenues to increase sales and expand margins.
About the Business
- Years in Operation
- 59
- Employees
- 15 (10 Full-time, 5 Part-time)
- Facilities & Assets
- The jewelry inventory can be sold on consignment or purchased immediately with the company. With the appreciation of gold prices, it is worth substantially more than the balance sheet value (asking price).
- Opportunities for Growth
- $0 in online sales to-date is a major expansion opportunity. The business also has in-house custom capabilities, which are very high margin and can be expanded. Continuing to shift to lab diamonds for much higher margins. Expand estate buying and resale operations.
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
- Building Sq. Ft.
- 6,964
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- Remain with the business for a transition period of up to 18 months to pass along best practices
Listing Info
- ID
- 2441638
- Listing Views
Listing ID: 2441638 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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