Retail & Investment Jewelry & Precious Metals Store For Sale

Business description

The Company is nicely positioned for a bright future. The strengths of the business are; price –very competitive on all levels of their product pricing, product Range –diverse range of products including accessories, name brand products, and many exotic stones/pieces, brand recognition – unique line of bracelets is well recognized and separates the business from its competition, promotion – extensive television advertising, in the local brochure racks, bi-weekly local newspaper advertising, an interactive website, in multiple tourist magazines, and even advertises in larger market magazines, and finally quality & availability of personalized customer service – a major downside to the cost cutting online jewelry operation is the lack of a store presence, ability to repair and design jewelry onsite gives it a competitive edge in its industry. All of those are very important to the success and the future of the business. However, probably the greatest advantage the Company enjoys over the average jewelry store is its location. The Company is centrally located in an affluent community with a major college, one of the biggest tourist attractions in the world, and is in the greater Hampton Roads Metro area which is one of the fastest growing metro regions on the East Coast. When it comes to a retail operation, location is everything and it would be hard to imagine a much better location for this type of business.

Property information

Real Estate:

Lease

Lease terms:

100,000 annually with a 3% escalator

Location:

The business operates out of a colonial style showroom in a well appointed strip mall in a very busy area. Within a two mile radius of the shop is a golf course, a retirement living community, an 18 hole golf course, a upscale townhome community, a Lowe’s, Home Depot, 5 banks, 3 grocery stores, and a 120 store outlet mall just to name the highlights of the area. The store has 3,482 square feet of usable space, with 2,600 of that as showroom space. In that showroom space there are 45 jewelry cases. The rest of the square footage is utilized as office space, work space, kitchen, jeweler’s room, and storage. In 2001, the business went through a one million dollar build out installing a walk-in vault with a safe inside and adding the state of the art jeweler’s room with laser machine.

Other information

Competition / Market:

The Company opened for business over twenty-one years ago. It is located in a growing community that is one of the nation’s top tourist destinations. Because of its location, its high quality products and first class venue, the Company attracts customers from a broad geographic region. Because of the quality of its staff and customer service, many of these customers become repeat customers regardless of where they call home.

Support & training:

Owner will to train a buyer for a reasonable transition period

Reasons for selling:

Retirement/pursuit of other interest

Trading hours:

normal

Financing available:

Third Party Financing Preferred

Furniture / Fixtures value:

$102,716 (included in the asking price)

Inventory / Stock value:

$1,345,000