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Profitable Jeweler For Sale - Great Location
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $500000
Net Profit / Cash Flow $160000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2012
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Owner interested in training, training through the new owner transitions into business.
Reason for Sale The owners intend to concentrate of production and retailing in Southern California for health, personal and business reasons.
Description This exceptional jewelry store is located in the heart of Carmel's prime shopping area. It has a great corner location providing superior window display opportunities. It carries jewelry by acclaimed designers along with select fine leather goods. The shop has many recent improvements and is beautifully appointed and inviting to clients. It an office area, restroom, TL-TR-30X6 safe, 15mm laminate on all windows, monitored alarm system and camera system. Rent is below market. Offered at $286,000 not including inventory. A buyer may purchase all, some or none of the inventory, at buyer's option. The owner will consider consigning some inventory to a well-qualified buyer, subject to owner's approval of buyer qualifications and adequate financial security.
Carmel-by-the-Sea is one of the most visited destinations in California. Visitors worldwide are drawn by natural beauty, a charming community, the Big Sur coast, famous golf courses, the Monterey Aquarium, and elegant shopping, to name just a few of the area's many attractions. In addition, it has a high average income, as do nearby locations such as Pebble Beach, Pacific Grove and Monterey. This is an ideal place to offer quality jewelry.
Carmel places strict controls on the number and types of business permitted in the downtown area. A maximum of 32 jewelers are permitted - this location has one of these scarce permits, limiting the risk of unexpected new competition.
A typical jewelry sale might be in the $7,000 to $15,000 range. Items are offered from $100 to $100,000. Purses and wallets are offered from $50 to $4,000. The lower price offerings make the store inviting to walk-in visitors, as they know there are things suitable for an impulse buy even if they aren't seeking a big-ticket item. This not only optimizes revenue from visitor foot traffic, but it also exposes the more expensive items to potential clients who may return later.
Business has grown to over $550K per year since the ...
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