Jewelry And Watch Repair In Tampa Bay For Sale

Business description

Income to Owner $34,557, priced to sell. Revenue $79,644. You can buy this business for $68,000. Established in 1981, a profitable Watch and Jewelry repair and service business located in a well known department store of a busy mall in the Tampa Bay area. Known for its outstanding service, friendly staff, quality work and merchandise the business attracts customers on a regular basis from the mall and department store traffic. The business benefits from the major retailer advertising and advertises for itself through the yellow pages, flyers, and having its own watch battery club. Limited hours and being closed on Sunday limits the growth of the business. A new owner could generate increased revenues immediately through expansion of hours and the amount of days open. An incredible lease tied to gross sales keeps overhead down. The business has a 5 year active email list of past clients. Part-time clerk of 23 years assists the owner with managing and running the business. The business maintains a #1 position with competitors, of which there are few. This is an opportunity to own a 30 year established business that has a great reputation in the community and maintains profitability. Please click on the contact seller button below for further information.

Property information

Location:

• The business operates from a leased 900 sq. ft. space of a well known department store since 1981.
• Lease expires January, 2012
• Base rent is based on 15% of gross sales.
• Part of 900 sq. ft. is not being utilized and the business could use for expansion purposes.

Size in square feet:

900

Business Operation

Competition / Market:

The business is ranked #1 as a full service Jewelry and watch repair and service company that carries parts and has accounts.

Reasons for selling:

30 years of service, owner is ready to slow down, move on

Trading hours:

Open Monday-Friday 10:00am-6:00pm, short hours limit the growth of the business. A new buyer could expand the hours to achieve automatic results.

Other information

Inventory / Stock value:

$16,000 (included in the asking price)