Business Overview

Very established Watch and Jewelry repair and Retail sales store For Sale.
Seller has owned approx 14 years, and shows low overhead, with net profits of approx $60k yearly. Repairs watches, Clocks, Jewelry, Settings, Gems, and plating.
Approx.900 sq. ft located in a grocery store center with adjoining franchises to generate traffic to this center. Seller will train, but some experience may be necessary for the owner operator..

Financial

  • Asking Price: $58,000
  • Cash Flow: $60,000
  • Gross Revenue: $91,000
  • EBITDA: N/A
  • FF&E: $15,000
  • Inventory: $20,000
  • Inventory Included: Yes
  • Established: 2005

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Lease approx 900 sq. ft. Total monthly rent approx. $1,756.00. 5 year lease is available with option to renew.

Is Support & Training Included:

Two weeks or to be arranged.

Purpose For Selling:

Long term ownership.

Pros and Cons:

Average.

Opportunities and Growth:

Yes, the Seller will explain.

Additional Info

The business was established in 2005, making the business 17 years old.
The deal shall include inventory valued at $20,000, which is included in the requested price.

Why is the Current Owner Selling The Business?

There are all types of reasons why people decide to sell businesses. However, the genuine factor vs the one they say to you might be 2 totally different things. As an example, they may say "I have too many other obligations" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these may just be excuses to attempt to conceal the reality of altering demographics, increased competitors, current reduction in revenues, or a variety of various other factors. This is why it is very vital that you not depend totally on a vendor's word, however rather, utilize the vendor's answer combined with your general due diligence. This will repaint an extra sensible picture of the business's existing situation.

Existing Debts and Future Obligations

If the current business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of companies borrow money so as to cover items like inventory, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can indicate that revenue margins are too small. Lots of companies fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations to consider. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that have to be satisfied or might cause fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area draw in new customers? Often times, operating businesses have repeat consumers, which develop the core of their everyday revenues. Specific aspects such as brand-new competitors growing up around the location, roadway construction, and staff turn over can influence repeat consumers and negatively influence future incomes. One crucial point to think about is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Clearly, the more people that see the business often, the greater the possibility to build a returning consumer base. A last thought is the basic area demographics. Is the business placed in a largely populated city, or is it located on the edge of town? Just how might the local average household earnings influence future income potential?