Business Overview:
All that glitter are Diamonds and Gold – and Watches! $200k Inventory Included
Seeking Local Temecula Valley Owner Operator to take the reins of this well established and respected jewelry business. The business buys, sells, designs and repairs gold, jewelry, and watches.
The business enjoys an enviable following of repeat customers and can boast many 5* reviews on google and yelp. If you want to own a business that is consistently profitable, makes people happy and helps them celebrate their most special days, this may be right for you.
Besides your city business license and reseller permit, you will need to acquire a 2nd hand dealer license from the police department.
There are no employees but two part-time contractors support customer needs; a jewelry repair expert and watch specialist.
In business over 11 years in Temecula, the seller is semi-retiring and consolidating near his home in Escondido as the commute has become a nuisance.
He will provide training up to two weeks with no additional fee and is open to discussing on-going support on a negotiated basis.
Lease on 960 sqft is $1,674 plus NNN of 1.456% (approximately $425/mo.) expires 3/31/2024 with one option to renew for 5 years.
FFE includes safes, camaras, alarm systems, jewelry cases and tables, chairs, small tools and a sofa in the back – estimated replacement value $50,000.
$200,000 (at cost) of merchandise is included in price. An additional $400,000 (approximately) is available for purchase.
2022 Gross: $803,458.51, SDE: $127,622. Asking $390,000 with at least $200,000 down and potential seller carry assuming no other financing.
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Reason for Selling:
Semi retirement
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.
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