Listing ID: 76074
Full-service jewelry retail store with Pandora Jewelry Account, Etsy, Chrono24, Ebay. Carries major watch brands, both high end and mid-range. Strong in-store sales and repairs. Large online presence as an online merchant and social media. Large loyal local clientele base. Not much of competition close by. Newly renovated storefront in nassau county with great curb appeal with traffic on a very busy Nassau County Road.
Exceptional upside here, it takes years to be authorized by certain watch brands such as SWATCH, TIMEX and CITIZEN LONGINES- RAYMON WEIL and 55 more brands that will not sell to you unless you have a proven track record and a brick and mortar location. Well here it is…..The hard work has been done over the past 7+ years and ready for you to take to the next level! Pandora now has huge profitability during the holidays and will bring the net up over 15% this year.
Please have proof of funds. Inventory not included in purchase price. Principles ONLY
- Asking Price: $750,000
- Cash Flow: $275,000
- Gross Revenue: $2,400,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Seller willing to train new buyer
Other business interests
The building is leased by the business for $3,500 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell operating businesses. Nonetheless, the real reason vs the one they tell you might be 2 entirely different things. For instance, they might state "I have a lot of other commitments" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these may simply be justifications to try to conceal the reality of altering demographics, increased competitors, recent reduction in incomes, or an array of other reasons. This is why it is really crucial that you not count totally on a vendor's word, but rather, utilize the seller's answer combined with your general due diligence. This will paint a more practical image of the business's present scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Numerous operating businesses take out loans with the purpose of covering points like stock, payroll, accounts payable, etc. Remember that in some cases this can indicate that profit margins are too thin. Lots of businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that should be met or might lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location bring in new clients? Often times, operating businesses have repeat consumers, which create the core of their everyday earnings. Specific elements such as new competition sprouting up around the area, road construction, and employee turnover can affect repeat consumers and also negatively impact future incomes. One important thing to take into consideration is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Certainly, the more individuals that see the business regularly, the better the opportunity to develop a returning consumer base. A final thought is the basic location demographics. Is the business placed in a largely populated city, or is it situated on the outside border of town? How might the neighborhood average house earnings impact future revenue potential?