Listing ID: 83020
Principle Business Advisors presents this well-established jewelry store for sale in Metairie, Louisiana. The business has been in operation for 33 years and the owner is looking to sell so that he may enjoy retirement. The business has excellent frontage with plenty of parking on a high-trafficked thoroughfare. The owner is prepared to train a buyer on this easy-to-operate business.
The store has multiple streams of income. Net profit actually increased during the 2020 pandemic with just a little bit of Internet advertising. The current owner believes that the business would benefit from an increased online presence which it currently does not have. The numbers listed here are the updated 2020 numbers. The gold business stands to see substantial growth during the next few years due to inflation. Gold is always used as a hedge against inflation. This is the perfect time to get into the business before the upswing.
Come check out the space, meet the owner and make an offer!
Contact the listing broker, Joel Duran, at (504) 313-1038 for more information.
- Asking Price: $285,000
- Cash Flow: $109,283
- Gross Revenue: $360,000
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $100,000
- Inventory Included: Yes
- Established: 1987
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,000
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
There will be a two week training period and then after that the owner will be available by phone as needed.
The business was established in 1987, making the business 35 years old.
The deal does include inventory valued at $100,000, which is included in the listing price.
The business has 1 employees and is situated in a building with approx. square footage of 1,000 sq ft.
The building is leased by the company for $1,400 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people decide to sell operating businesses. However, the real factor and the one they say to you might be 2 entirely different things. As an example, they may say "I have way too many other obligations" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might simply be excuses to try to hide the reality of changing demographics, increased competitors, recent reduction in incomes, or an array of other factors. This is why it is extremely crucial that you not rely totally on a seller's word, yet instead, use the vendor's solution combined with your total due diligence. This will paint an extra reasonable picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Many operating businesses finance loans with the purpose of covering points such as supplies, payroll, accounts payable, so on and so forth. Remember that occasionally this can imply that profit margins are too thin. Lots of organisations fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future commitments to think about. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that need to be satisfied or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area attract brand-new consumers? Most times, businesses have repeat customers, which develop the core of their everyday earnings. Certain elements such as brand-new competition growing up around the area, roadway construction, and also staff turnover can impact repeat clients and negatively impact future profits. One vital thing to take into consideration is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more individuals that see the business regularly, the higher the opportunity to construct a returning customer base. A last idea is the general area demographics. Is the business situated in a largely populated city, or is it located on the outskirts of town? Exactly how might the neighborhood typical family income influence future revenue prospects?