Business Overview:
Amazing opportunity to acquire a 70+ year-old full-service jewelry store in the suburbs of Cleveland, Ohio. Included in the sale is approximately $700,000 in jewelry at cost, $100,000 in leasehold improvements, and $100,000 in FF&E. Current wholesale replacement cost is above the $700,000 jewelry cost. The store is in a great location and operates out of its own stand-alone building. The real estate is being offered for sale in addition to the store. The store has a wide selection of items and creates custom jewelry onsite in addition to performing repairs. The store has lots of loyal, repeat customers, as well as new customers that come through referrals and limited advertising. Current owner is only open 5 days a week, 7 hours per day as they move towards retirement. All employees are expected to stay after the sale. Confidential listing. Please email us to request an NDA for additional information.
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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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