NOT DISCLOSED, Minnesota
| Asking Price |
$800,000 |
Year Established |
2005 |
|
| Annual Revenue |
$787,981 |
Reason for Selling |
Retirement |
|
| Annual P/L |
|
Attention |
Sunbelt Leads |
|
| Annual Cash Flow |
$300,009 |
Listing Number |
986006 |
|
| # of Employees |
1 |
Business Category |
Retail: Non-classifiable |
|
Business Overview:
This well-established jewelry retailer has been serving Northern Minnesota for nearly two decades, offering a wide range of bridal, fashion, and anniversary jewelry alongside expert repair services. The business has built a strong reputation for its high-quality products, attention to detail, and exceptional customer service. It caters to a diverse customer base, ranging from young professionals and blue-collar workers to retirees and self-purchasing individuals. The store is located in a high-traffic, historic retail space that draws consistent foot traffic and enhances its visibility within the community.The business has experienced steady revenue and profitability, with Seller’s Discretionary Earnings (SDE) of $300,009 in 2024. Key revenue drivers include bridal and fashion jewelry, each contributing about 40% of total sales, while repair services account for an additional 15%. The store holds an inventory valued between $200,000 included in sale, featuring unique and carefully curated pieces.Opportunities for growth include expanding into new service offerings such as engraving, ear piercing, appraisal events, and permanent jewelry. There is also potential to increase revenue through enhanced marketing efforts on platforms like Instagram, TikTok, and by leveraging the existing customer database for targeted email campaigns. The store’s consistent performance, combined with its strong community ties and loyal customer base, makes it an attractive acquisition for a buyer with jewelry industry experience or a strong sales background. Jewelry repairs are subcontracted with another company making this a perfect fit for anyone with a passion for jewelry.Interested buyers should have $80,000 in available capital for the down payment.Sunbelt Listing ID: 56339
Property Features and Assets:
Market Competition and Expansion:
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity