Price Reduced! Jewelry Boutique & Design Studio

New York, NY
New York County


Asking Price: Annual Revenue:
$799,000 $950,000

Retail: Non-classifiable


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RE: Price Reduced! Jewelry Boutique & Design Studio Broker: Bob Dunphy
Owner Financing is Available!
$100,000

Quick Facts

Asking Price: $799,000
Annual Revenue: $950,000
Net Profit: Not Disclosed
Cash Flow: $300,000
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 1984
Employees: 4
BBN Listing #: 176935879
Broker Reference #: 6842-25796

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Business Overview:

In business for almost 30 years, it is located in one of the top Manhattan zip codes and serves both the retail and wholesale sector.

The retail store features the custom creations of the owner, who oversee all manufacturing, plus the work of a select group of creative and elegant designers.

The wholesale operation distributes the owners’ works of art to 60 stores in the US and abroad.

Revenue continues to be strong and will reach almost $1 million in 2013. SDE for 2013 will be approximately 30%.

The prime location and unique jewelry design make it a desirable business to add to the existing portfolio of a fashion or accessories firm or for an upstart brand to add heritage, cache and a clientele with disposable income.

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Property Features and Assets:

Founded in 1984 by the designer-owners, this business has grown from a single retail store – in the same location for almost 30 years – to a design studio and wholesale business selling to 60 fashionable 60 stores in some of the most affluent retail centers in the US and abroad. It offers an art form in jewelry design that is unmatched by others. With historical references focusing on fine detail and the use of semi-precious stone, the owners present a collection of jewelry that is both affordable and finely crafted. All of their couture pieces are entirely hand-made. Due to its longevity in the same location, it has a discerning, multigenerational clientele.

Market Competition and Expansion:

Due to the unique nature of their designs and focus on extreme customer service, there is no local competition to speak of. This business will benefit greatly from an aggressive and focused sales and marketing effort. Retail growth will come from marketing to its loyal customer base through email, the Web and social media. Wholesale growth will come from similar tactics plus aggressive trade marketing. Online sales are a huge opportunity.

Reason for Selling:

Retiring.

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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