The very established fine jewelry retailer has been in business for over 50 years and has an owner that is looking to retire and train a buyer to keep this family business operating for another 50 years. The business is operated out of an approximately 1,000 square foot retail space in an upscale Denver metro area neighborhood. Sales have been very consistent for years and the current owner after all expenses, cash flowed $247,000 in 2015 and is tracking for about $270,000 in 2016. There is a very solid employee in place that wants to remain after the sale, and the business has approximately $500,000 in inventory which is included in the asking price.
The ideal buyer is someone with some jewelry experience, but any buyer with some retail experience or a strong business operations background would be a great fit. The financials on the business are very clean and therefore the opportunity has been pre-qualified for an SBA loan with approx. 15-20% cash down from a buyer with good credit.
This is a fantastic opportunity for someone looking for a very steady business with a great repeat customer base and $250K in earnings to the owner. All details will be provided with a signed Non-Disclosure Agreement and Buyer Qualification Profile.
Asking Price $995,000
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