Seller's Contact Information
- RE: 20-Year Premier Jewelry Store & Gold Buying
- Contact: John Inzilla
Quick Facts
| Asking Price: | $475,000 | |
| Annual Revenue: | $876,682 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $238,361 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $120,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2004 | |
| Employees: | 5 | |
| BBN Listing #: | 24714955 | |
| Broker Reference #: | 3410-17585 |
Business Overview:
Well established high-end, family-owned elegant retail jewelry store specializing in fine jewelry, watches, and diamonds.
'Hearts on Fire' dealer and has one of only four township licenses to buy gold which is a business within a business. Showroom is beautifully done with new LED lighting in store and display cases which highlights the brilliance of the diamonds and other pieces on display. Full time experienced jeweler on staff handles repairs, settings, and custom creations.
$75,000 of inventory is included in the purchase price. Additional inventory may be available for purchase as needed. Also, included is all repair equipment, display cases, safes, and access to database of nearly 15,000 customer's information for marketing.
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Property Features and Assets:
The owners spared no expense turning this 2,500 square foot space into a luxurious showroom where customers are made to feel comfortable and spend money. The area draws from an affluent demographic and the space speaks to luxury and the quality of the fine collections available and exemplary customer service they've come to expect. Assets = $295,000
Market Competition and Expansion:
While there are other jewelry stores in the surrounding area, this store has long standing and reputation second to none. It is the only store in the immediate area and only one of seven Hearts on Fire dealers in New Jersey and the only one in Monmouth County. Business has been successful for 18 years, however the next owner bringing new energy can take advantage of the following opportunities: Increased marketing for gold buying as gold price is at record levels and expected to rise Engagement ring re-purchase Utilize the nearly 15,000 existing customer records to offer specials and drive revenue Online sales Expand social media presence Increased hours (currently close at 5pm daily, closed Sunday & Monday)
Reason for Selling:
Focus on other business interests.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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