Listing ID: 81378
Business Overview
Boutique jewelry store with high profit margins in busy shopping center with multiple retail anchors, plus ample parking! Prominent end cap location has “off the charts” traffic count! Business specializes in custom work, service and repairs, which spawns strong retail sales! Inventory is included in sale and consists of mostly finished jewelry. Bridal sales are roughly 25%, per Seller. There is less focus on diamonds and watches, as these carry lower profit margins. Top of the line safes/vaults in place with added motion sensor protection and $10K alarm system, plus custom cases/cabinetry & lighting. Gross Sales and Total Income are estimated for 2021 based on first half of the year. Rare find in Las Vegas, so jump on this before it is gone! EMAIL NOW before it is gone! For the fastest reply to your inquiry, please use this ad’s email reply or contact Business Broker Edward Smith (RE# BS.0038345.PC; Business Broker Permit# BBP.0000005) at 702-274-7320 or email edsmith@fcbb.com.
Financial
- Asking Price: $799,000
- Cash Flow: $235,700
- Gross Revenue: $825,000
- EBITDA: N/A
- FF&E: $200,000
- Inventory: $555,000
- Inventory Included: Yes
- Established: 1999
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,200
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 1,200 square feet with a Total Monthly Rent of $5,278. Seller is active in the business with 3 FTE, 1 PTE, and 1 Independent Contractor. Hours of operation are 10am-6pm M-Sat and Closed Sunday. $555,000 in Inventory and $200,000 in FF&E included in asking price. $80,000 made in Leasehold Improvements. Asset include well known name and reputation for quality! Busy location!
14 days
Retirement
Additional Info
The company was established in 1999, making the business 23 years old.
The deal shall include inventory valued at $555,000, which is included in the asking price.
The company has 3 FT, 1 PT, 1 IC employees and resides in a building with approx. square footage of 1,200 sq ft.
The real estate is leased by the company for $5,278 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals choose to sell companies. However, the genuine reason and the one they tell you may be 2 entirely different things. As an example, they might say "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these might just be excuses to try to conceal the reality of altering demographics, increased competitors, current decrease in incomes, or a variety of various other reasons. This is why it is very crucial that you not rely entirely on a vendor's word, yet instead, make use of the vendor's answer along with your general due diligence. This will repaint a much more practical picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will need to consider this when valuating/preparing your deal. Numerous operating businesses borrow money so as to cover things such as inventory, payroll, accounts payable, so on and so forth. Remember that sometimes this can indicate that profit margins are too small. Many organisations fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations to think about. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that must be satisfied or might lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location bring in brand-new clients? Often times, companies have repeat clients, which form the core of their daily revenues. Particular elements such as brand-new competition growing up around the area, roadway building and construction, and personnel turnover can impact repeat clients and also negatively affect future earnings. One essential point to take into consideration is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Obviously, the more people that see the business on a regular basis, the greater the chance to build a returning client base. A final idea is the general location demographics. Is the business placed in a largely inhabited city, or is it situated on the edge of town? Just how might the neighborhood mean home earnings impact future income potential?
