Jewelry Mart For Sale

Business description

Jewelry mart with 8 booths, jewelry repair working area, & multiple offices located in a shopping center in a very sought after retail area on a major street with heavy traffics, in affluent neighborhood of Orange County.

They offer jewelry watch sales & repair & specialize in engagement rings, wedding sets, pearl & bead stringing, custom design, engraving & gift items. There is a repair person who is renting one of the back offices & is always available to do all kinds of jewelry repair & most of the time provides same day repair and no waiting watch battery service. Besides camera & alarm there is also the presence of a security person during the business hours.

At this time the owner utilizes all the booths herself and did not renew the leases for individual booth after expiration of their terms, since she has decided to retire & sell the business. From her past experience renting the booths she believes the rent for the booths & back offices could easily generate about $20,000 a month.

The owner has a data base of over 2000 customers which include their names & addresses and she will be happy to give them to the new owner. She has been at this location for about 21 years & ready to retire

Annual Revenue: $450,000
FF&E: $75.000 (Not included in the price)
Inventory: $400,000 (Not Included in the price)
Seller’s Discretionary Cash Flow: $120,000
Asking Price: $250,000

Disclaimer: The information above was furnished by the seller. Sunbelt Business Brokers of Orange Coast or its agents have not verified the information and makes no representations as to its accuracy or reliability.

For more information contact Mehdi Kazerooni,
SUNBELT BUSINESS BROKERS of ORANGE COAST at ------------.
fax: ------------. email: -----@-------------.---

Property information

Real Estate:

Lease

Premises details:

$12591.00

Business Operation

Reasons for selling:

retirement.

Years established:

33

Other information

Financing available:

Downpayment Required: $0