Business Overview:
13 year old established sterling silver store selling new and estate flatware and holloware along with silver plate items with an extensive inventory. We are also a dealer for Anne Weatherly china and sell gold and platinum jewelry. Other services include pattern matching, silver repair, hand engraving , and bridal registry. There is only one other competitor offering this array of services in the area. We have many regular customers from neighboring states along with first time customers flying in for conventions and leisure travel.
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 displays merchandise in 23 custom made glass cases with a storefront facing the hottest retail street in town, Magazine Street. Assets include the extensive inventory and a library of pattern identification and silver marking books for antique flatware and holloware. Magazine Street is world renowned for antique shopping and many items in inventory are antique sterling silver pieces. The present staff is dedicated to finding what the customer wants if it is not in stock. The asking price assumes the owner will use sale proceeds to pay off all existing long term debt.
Market Competition and Expansion:
This is an opportunity to buy a ready to go operation on a prime retail street with the opportunity to quadruple present sales figures. The present owner inherited the store and did not have the time due to his regular profession to promote the business. The store is the go to place for sterling silver and silver plate baby items such as rattles and cups. Any aspect of the business could be expanded such as featuring more estate jewelry, china, or even fine crystal. The store appeals to collectors along with folks looking for an inexpensive machine engraved graduation present.
Reason for Selling:
other interest
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.
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