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- RE: Body Jewelry, Fine Jewelry & Piercing-NJ Mall
- Contact: Kevin Laguardia
Quick Facts
Asking Price: | $109,000 | |
Annual Revenue: | $222,915 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $73,453 | |
Total Debt: | Not Disclosed | |
FF&E: | $45,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2019 | |
Employees: | 3 | |
BBN Listing #: | 979731 | |
Broker Reference #: | 3401-18612 |
Business Overview:
Ear Piercing and Fine Jewelry Kiosk is more than just a business; it is a destination for self-expression and elegance. This business invites you to visit them and experience the perfect blend of art and precision in body modification and jewelry. Whether you are looking for a new piercing or the perfect piece of fine jewelry, they are here to make your vision a reality.
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Property Features and Assets:
Situated in a prime location within the mall, the kiosk benefits from high foot traffic, drawing in a wide range of potential customers.Â
The mall itself is easily accessible, with ample parking and convenient public transportation options. This strategic placement ensures maximum visibility and accessibility for the business.
Assets = $115,000
Market Competition and Expansion:
The competitive landscape in Passaic County and surrounding area is robust, with businesses continually striving to differentiate themselves through unique offerings and exceptional customer service.
Strengths
- **Diverse Customer Base:** The varied demographic in Passaic County allows businesses to target different market segments effectively.
- **Location Advantage:** Proximity to New York City and other major hubs provides access to a larger customer pool and better opportunities for business growth.
- **Community Engagement:** Local businesses often engage actively with the community, fostering loyalty and repeat customers.
Challenges
- **High Competition:** The presence of both small boutiques and larger chains creates a highly competitive environment.
- **Market Saturation:** With numerous businesses offering similar products and services, standing out becomes increasingly challenging.
- **Economic Variability:** Fluctuations in the local and broader economy can impact consumer spending on non-essential items like body jewelry and piercings.
Conclusion
The body piercing and fine jewelry industry is vibrant and competitive. Businesses that succeed in this market are those that can effectively address the diverse needs of their customers, offer unique and high-quality products, and maintain strong community ties. As the market continues to evolve, staying attuned to trends and maintaining a robust competitive strategy will be essential for sustained success.
Potential for Growth
- **Increasing Demand:** The growing popularity of body art and personal adornment across various demographics signals a robust demand for body piercing and fine jewelry. As more individuals seek to express their individuality, the market for these services and products is expected to expand.
- **Innovation and Customization:** Advances in design and materials, coupled with a rising trend towards personalized and custom-made jewelry, present significant opportunities. Businesses that can offer unique, bespoke pieces will have a competitive edge.
- **Digital Expansion:** Leveraging online platforms for marketing and sales can help businesses reach a broader audience beyond local confines. E-commerce and social media engagement can drive brand recognition and customer loyalty.
- **Health and Safety Standards:** Emphasizing high standards of hygiene and safety in piercing practices can attract a more health-conscious clientele. Establishing a reputation for safe and professional services will be crucial.
- **Collaborations and Events:** Partnering with local artists, hosting community events, and participating in regional festivals can enhance visibility and foster community relationships, thereby driving foot traffic and sales.
In summary, while the body piercing and fine jewelry industry in New Jersey faces its share of challenges, the potential for growth remains significant. By capitalizing on emerging trends, investing in innovation, and maintaining strong community ties, businesses can thrive and expand in this dynamic market.
Reason for Selling:
Expanding business ventures in other states.Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more New Jersey businesses for sale
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