Jewelry Retail

Not Disclosed, UT

Wasatch Front


Asking Price: Annual Revenue:
$810,000 $2,352,696

Retail: Clothing & Accessories


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RE: Jewelry Retail Broker: Seller of Business

Quick Facts

Asking Price: $810,000
Annual Revenue: $2,352,696
Net Profit: $255,577
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: Not Disclosed
Year Established: 1986
Employees: 6
BBN Listing #: 17114931
Broker Reference #: Not Disclosed

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Business Overview:

This jewelry retailer operates multiple locations along the Wasatch Front. It is now run by the second generation and is well-known for its diamond engagement/wedding rings, as well as watches and other jewelry. They also offer investment-quality diamonds and coins. Their on-site, long-tenured goldsmiths custom-design over 100 rings a month, making them one of the largest custom designers in the state. Their stores are in busy retail areas with great proximity to young populations predisposed to marriage.

The Company’s reputation for honest, educated and service-oriented staff is well-known in the marketplace. They provide extensive training to their employees and have an average employee tenure of 10 years, a figure unheard of in the industry. Rather than hard-selling and rushing customers into a decision, the sales staff focuses on educating their clientele and spending the necessary time to make them comfortable with the significant process of picking out a diamond and band for their most important moments.

Through related entities, the sellers own some of the land and buildings. They are interested in selling these assets as well should a new owner wish to buy them. The owners are selling the company in order to retire and move on to other personal interests. However, they are willing to stay involved at some level at a buyer’s discretion for up to two years post-closing.. Inventory valued at $350,000 is included in the asking price for the business; an additional $2,650,000 is available at seller’s cost.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

2 locations in busy retail areas.

Reason for Selling:

Retirement.

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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