Business for Sale Overview:
The Company is nicely positioned for a bright future. The strengths of the business are; price –very competitive on all levels of their product pricing, product Range –diverse range of products including accessories, name brand products, and many exotic stones/pieces, brand recognition – unique line of bracelets is well recognized and separates the business from its competition, promotion – extensive television advertising, in the local brochure racks, bi-weekly local newspaper advertising, an interactive website, in multiple tourist magazines, and even advertises in larger market magazines, and finally quality & availability of personalized customer service – a major downside to the cost cutting online jewelry operation is the lack of a store presence, ability to repair and design jewelry on-site gives it a competitive edge in its industry. All of those are very important to the success and the future of the business. However, probably the greatest advantage the Company enjoys over the average jewelry store is its location. The Company is centrally located in an affluent community with a major college, one of the biggest tourist attractions in the world, and is in the greater Hampton Roads Metro area which is one of the fastest growing metro regions on the East Coast. When it comes to a retail operation, location is everything and it would be hard to imagine a much better location for this type of business.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The store has 3,482 square feet of usable space, with 2,600 of that as showroom space. In that showroom space there are 45 jewelry cases. The rest of the square footage is utilized as office space, work space, kitchen, jeweler’s room, and storage. In 2001, the business went through a one million dollar build out installing a walk-in vault with a safe inside and adding the state of the art jeweler’s room with laser machine.
Market Competition and Expansion:
The business operates out of a colonial style showroom in a well appointed strip mall in a very busy area. Within a two mile radius of the shop is a golf course, a retirement living community, an 18 hole golf course, a upscale town home community, a Lowe’s, Home Depot, 5 banks, 3 grocery stores, and a 120 store outlet mall just to name the highlights of the area.
Reason for Selling:
Retirement/pursuit of other interests
Additional Details:
- The property is leased.
- The owner is willing to train/assist 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.