Chance to own Multigenerational Jewelry Store

Not Disclosed, PA
Philadelphia County


Asking Price: Annual Revenue:
$325,000 $697,315

Retail: Non-classifiable


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RE: Chance to own Multigenerational Jewelry Store Broker: Richard Collins

Quick Facts

Asking Price: $325,000
Annual Revenue: $697,315
Net Profit: Not Disclosed
Cash Flow: $101,351
Total Debt: Not Disclosed
FF&E: $55,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 962955492
Broker Reference #: 45783-221980

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Business Overview:

This jeweler has been at the top of the Philadelphia jewelry community for three generations. The business is known for its high quality custom designed engagement rings, special occasion pieces as well as providing high quality diamonds, gemstones and quality gold jewelry.
The business has a beautiful renovated store and a very valuable lease that is well below the market for the area.
Take advantage of the owner’s desire to retire and own a jewelry store with a great reputation, a large customer list and a great store in an area where finding a retail store is difficult.

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Property Features and Assets:

This family jewelry business has been dedicated to one simple mission for over 60 years, to offer its customers the finest custom made jewelry and diamonds at the best price. The businesses specialty is handmade engagement rings and fine diamond jewelry. Each piece created has the best craftsmanship and attention to detail, no matter how large or small.

Market Competition and Expansion:

Potential Growth This business has operated as an owner operated store without any additional staff since a member of the previous generation retired. A new owner could and should add an experienced jewelry salesperson to the staff so the store doesn't lose customers waiting for service which often happens now. The store is only open 34 hours a week and closes before the end of most peoples work day so it also loses customers to other stores open past 5. This business has the benefit of three generations of families knowing about the businesses quality and customer service so the customer list is not only long but also of a high quality.

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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