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Business for Sale Summary

Full Service Repair Shop for Jewelry, Watches - 28063

Business Type: retailing businesses,service businesses,misc. servicel/non-classifiable,other business services,mfg businesses,wholesale/dist businesses,special situations,repair services
Full Service Repair Shop for Jewelry, Watches
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This business has received 16 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $100,000 Down Payment $50,000
Gross Revenues $70,000 Lease Remaining Register Free to View
Owner’s Cash Flow $48,000 Number of FT Employees Register Free to View

Financing

$50,000 Down and Seller will hold 50% on paper for a qualified cash buyer. (Subject to credit approval)

Business Description

Well established very active store front repair shop for Jewelry, watches, razors, reweaving, bronzing, silver plating. Shop also sells watches, clocks and other misc items. The repair work is shared with vendors and on site repairs by employees. This shop sits in a busy mall/arcade with lots of foot traffic and enjoys extremely low rent for the area. Current owner recently suffered a death in the family and would like to sell but would be willing to work with new owner for a period of time to ease the transition with the current clientele. The business does not advertise, no social media and is only open thirty hours a week. In this thriving location a new eager owner with additional hours and some smart small advertising could double the business in no time at all. Maybe bring is a few new products that the shop does not sell or fix. The next owner of this business will walk into a turnkey business, putting money in their own pocket immediately and could take the shop to a new elite level with some new ideas and management the shop is not getting at this point. The next owner could expand the on repairs or sales on new items or just work on one area of their choice. Gross revenues are at $70,000 and with a cash flow of $48,000 so you can see expenses for this business are very low including very low rent that is under $300 a month for this great location. There is really a lot of opportunity for the right person so please feel free to make an offer, the owner would really like to sell soon.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.