Well Known Jeweler-RE & Inventory Included

Not Disclosed, NJ
Camden County

Asking Price: Annual Revenue:
$749,000 $172,750

Manufacturing: Clothing, Jewelry

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RE: Well Known Jeweler-RE & Inventory Included Broker: Bill Bunting

Quick Facts

Asking Price: $749,000
Annual Revenue: $172,750
Net Profit: Not Disclosed
Cash Flow: $50,000
Total Debt: Not Disclosed
FF&E: $125,000
Real Estate: $350,000
Year Established: 1970
Employees: 1
BBN Listing #: 34514955
Broker Reference #: 3403-16721

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Business Overview:

Well known Jewelers with over 40 years of established business!

This business does a considerable amount of service and repair work and is very profitable. This can be ran with minimum management or oversight.

Plenty of room to grow with this business. The purchase price also includes the commercial space that currently houses the jewelers. The purchase price also includes a newly renovated 2 bedroom apartment with current tenant.

Sale price includes property of $300,000. The sale price does include the inventory estimate of $250,000. Bank willing to finance inventory as part of sale.

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Property Features and Assets:

On a Main Street within a strip of commercial spaces. This building has the jeweler on the bottom of the space, along with a 2 bedroom apartment on the second floor. Assets = $725,000.

Market Competition and Expansion:

Plenty of market share in this space. Plenty of new sale opportunities as well as service opportunities. Only jeweler in town and local area. This business could grow by marketing thru using SEO, improving the current website, adding social media advertisement, and ad spending in the local market. The rental unit above the business will pay for a good amount of the monthly mortgage payment.

Reason for Selling:

Focus full time on the other business.

Additional Details:

  • The property is owned.
  • 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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