Jewelry Business in Staunton City, VA-33333

Not Disclosed, VA
Staunton City County


Asking Price: Annual Revenue:
$599,000 $350,761

Retail: Non-classifiable


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RE: Jewelry Business in Staunton City, VA-33333 Broker: Don Fenwick

Quick Facts

Asking Price: $599,000
Annual Revenue: $350,761
Net Profit: Not Disclosed
Cash Flow: $79,163
Total Debt: Not Disclosed
FF&E: $5,000
Real Estate: Not Disclosed
Year Established: 2012
Employees: 3
BBN Listing #: 29574447
Broker Reference #: 33333

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Business Overview:

This is a well established, profitable business that focuses on buying gold, silver, coins and estate jewelry. 2014-2018 Gross Profit of over 1.1 million. 2018 was a lower grossing year due to significantly cutting back hours at their shop to pursue their ministry work.When the business ran full time (6 days a week), revenue and profits were even higher. In the lifetime of the business, over $300,000 was well spent on effective advertising to establish this shop as a local favorite. With current high gold prices and the gold market looking to head upwards in the near future, this is a great purchase to for someone to be already setup and ready for the gold market to boom. Inventory option available. Contact Don Fenwick today. Please use email reply button of this ad to contact us.

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Reason for Selling:

Relocation

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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