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Business For Sale
FINE JEWELRY AND QUALITY WATCHES AT WHOLESALE
Attn:
Michael W. Powers
Woodland Hills, CA, USA
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Listing Number: "104-10164"
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Listing
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Asking Price: |
$1,500,000
USD USA Dollars
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Business for Sale Industry: |
Wholesale/Distribution: Durable Goods
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Reason for Selling:
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Other Business Interests |
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Year Established:
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1987 |
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# of Employees:
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2 FT |
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Yearly Cash Flow:
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$240,000 |
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Yearly Gross Income:
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$1,200,000 |
Business for Sale Overview:
A purveyor of fine jewelry in an affluent section of the San Fernando Valley is looking to sell his business after nearly 20 years in operation. Seller states that his annual net income consistently exceeds $200,000, with an average gross of about $1.2 million. While the store specializes in providing the highest-quality watches and jewelry available, full appraisal services are also offered. One of the store's competitive advantages is reasonable, wholesale prices to the public, as the owner buys most of his inventory from distressed situations and private parties. Approximately $1 million of inventory is included in the purchase price. Brands carried in the store include Tiffany & Co, Audemars Piguet, Patek Philippe, Frank Muller, Chopard, Rolex, Breitling and Cartier, among others. While the owner does some local advertising, a new owner could more aggressively market the business in order to boost sales.
Property Features and Assets:
1125sf/2011
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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