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Jewelry Store Provides Solid Cashflow for Sale

(ID# 449)

Financials

Asking Price: $375,000
Sales Revenue: $658,000
Net Profit: $157,500
Stock: $425,000

Business Summary

This business has a proven track record of sales growth over the past three years. It boasts its own goldsmith division allowing customized jewelry along with repairs. The business contracts to service other areas within Alberta. This store has a solid reputation and loyal clientele. Previous knowledge in a jewelry store would be an asset but experienced staffing will allow most business minded owners to continue growth and improve profit. This business may also provide an ideal expansion for an existing location. Assests include a wide range of jewelry, watches, rings, etc. The business is fully stocked to maximize upcoming Christmas season. Competition: The business is in a prime location in metro Edmonton. It has a solid reputation with clientele coming from across Northern Alberta. This business also supplies other like stores with products. Growth/Expansion: With goldsmiths on site, the ability to supply other retail stores and customize product lines is available for the right owner.

General Information

Employees: 5
Year Established: 1999
Trading Hours: Mon-Sat

Property/Location

Real Estate: Lease
Location: High traffic location
Lease Terms: Aug 31, 2010/renewable

Other Information

Training Support: Seller has key personnel and management able to assist with the transition phrase
Market Outlook: Solid growth opportunity in expanding marketplace.
Reason Selling: Other business interests

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