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Long Established Family Jewelry Store


Category :  Jewelry SIC :  5944  
Detail :  Jewelry Retail Price :  225,000  
County :  Collier Down :  225,000  
State/Prov :  Florida Adj Net :  92,179  
Country :  USA Sales :  203,531  

Business is a long-standing family retail jewelry store that also offers jewelry repairs. They have been in business since 1986 and have a very loyal customer base build over its long history. They sell rings, necklaces, chains, pendants, and bracelets. They sell 10ct-18ct gold along with many precious gems. The business is currently run by the husband, wife, and son.

Reason for Sale :  Seller is going into a different business
General Location :  Collier County
Organization Type :  Corp 'Sub S'     Hours Owner Works: 33
  :  Years Established : 33  Years Owned:  2  Emp FT:  0  Emp PT:  0  Mgrs:  0
Non Compete :  Miles:  100  Years:  3  Weeks Training:  6  Cost:  2500
Operating dys/hrs :  T,W,Th,Fri 10-5pm Sat 10-3pm
Skills/Licenses :  Business knowledge
Business :  Is Relocatable: N    Is Home Based: N    Is a Franchise: N    Is Lender P/Q: N    May Qualify For Visa: N



Data Source Tax Return Tax Return Tax Return  
Year (Cash Flow) 2018 (N) 2017 (N) 2016 (N)    
Gross Revenue 203,531 176,182 149,097  
Cost of Goods 56,478 55,740 43,069  
Gross Profit 147,053 120,442 106,028  
Expenses 54,874 65,999 59,885  
Net 92,179 54,443 46,143  
Owner Salary 0 0 0  
Benefits 0 0 0  
Interest Expense 0 0 0  
Depreciation 0 0 0  
Other 0 0 0  
Owner Benefit 92,179 54,443 46,143  

Accounts Rec 0 N* Real Estate 0 N*
Inventory 225,000 Y* ___________ 0 N*
F F & E 5,000 Y* Total Assets 231,400 Y*
Leasehold 1,400 Y*   *Included?  

Lease/Month: 1,400 Square Footage: 800 Building Type: strip mall
Terms & Options: Verbal   Expiration Date: 1/31/2020

Loan/Assumable - Amt:  0   Mos: 0  Rate: 0.00   Mo Pmt: 0.00  
Loan/Seller - Amt:  0   Mos: 0  Rate: 0.00   Mo Pmt: 0.00  
Loan/Other - Amt:  0   Mos: 0  Rate: 0.00   Mo Pmt: 0.00  

GREGORY T. BELL Office :   (855) 969-3534  
ASSOCIATE Agent Direct :   (913) 226-7735  
SUNBELT BUSINESS BROKERS NAPLES & FT. MYERS Fax :   (866) 985-8735  
1415 PANTHER LANE SUITE 232 Cell :   (913) 226-7735  
NAPLES, FLORIDA 34109 Email :   [email protected]  
USA Home Page :   www.sunbeltnetwork.com/naples-fl

 



Jewelry

Background information

Reference:

NAPFL001-N36

Year established:

1986

Reason selling:

Moving into another unrelated business

Finance

Sales:

$203,531

Profits:

$92,179

Profit type:

Discretionary Earnings

Operations

Employees:

no employees

Equipment:

display cases, displays, POS, furniture

Inventory:

225,000.00

Premises

Facility:

strip mall

Square footage:

800

Rent and lease terms:

1400.00 a month

Location:

Collier county

Price and terms

Price:

$225,000

Down payment:

$225,000

Training:

Up to 6 weeks of training