Listing Number: 3112021-328428
Description
Are you looking to step into or continue in the glamorous world of jewelry? Look no further! We are thrilled to present to you a well-established, profitable jewelry business for sale in Annapolis, Maryland. With over 30 years of successful operations, this business is a shining gem waiting for the right owner to take it to the next level.
With a focus on creativity, service, quality, and personal attention, this exquisite jewelry store established itself as the premier business of its type in the area. The store is elegantly designed, creating a welcoming and sophisticated atmosphere for customers to explore a stunning collection of jewelry pieces, creative design services, and comprehensive repair options. The business has built a loyal customer base over several decades, with many repeat clients and positive word-of-mouth referrals driving consistent sales.
With the support of a team of knowledgeable staff members and access to valuable industry connections, you will have the guidance and tools needed to succeed in the competitive jewelry retail and services markets. The business is turnkey, with proven processes in place to ensure a smooth transition for the new owner.
This business is conservatively valued at $850,000 based on owner’s discretionary income over recent years and inventory on hand. But a motivated seller has set this lower, attractive price for a quicker sale, and will consider a portion as seller financed for a qualified buyer. Seller will assist buyer with: training, recruitment of jeweler or goldsmith if needed, sending an endorsement message to store clientele, transferring ownership of online store and providing a large inventory of proprietary design casting molds for crafting custom jewelry.
Listing Details
- Price: $ 690,000
- Down Payment: $590,000
- Sellers Discretionary Earnings: $ 335,000
- Total Sales: $ 1,222,000
- Location: Anne Arundel County, Maryland
- Inventory: $ 210,000
- FF&E: $ 700,000
- Employees: 5
- Year Established: 1991
- Reason for Selling: Owner is retiring
- Category: Jewelry
