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For Sale: Jewelry Store - Repair And Exchange - Temecula, California

$390,000.00

Asking Price

  • Address: Temecula,

  • Status: Active

  • Posting ID: 279110

  • 3/19/24

Temecula Jewelry Store - Repair And Exchange Business For Sale

Description

We are seeking a local Temecula Valley owner-operator to take the reins of this well-established and respected jewelry business. The business buys, sells, designs, and repairs gold, jewelry, and watches. The business enjoys an enviable following of repeat customers and can boast many 5-star reviews on Google and Yelp. If you want to own a business that is consistently profitable, makes people happy, and helps them celebrate their most special days, this may be right for you.

Besides your city business license and reseller permit, you will need to acquire a 2nd hand dealer license from the police department. There are no employees but there are two part-time contractors that support customer needs; a jewelry repair expert and a watch specialist. In business for over 11 years in Temecula, the seller is semi-retiring and consolidating near his home in Escondido as the commute has become a nuisance. He will provide training for up to two weeks with no additional fee and is open to discussing ongoing support on a negotiated basis.

The lease for 960 sq. ft is $1,674/month plus NNN of 1.456% (approximately $425/mo.) and expires on 3/31/2024 with one option to renew for 5 years. FFE includes safes, cameras, alarm systems, jewelry cases and tables, chairs, small tools, and a sofa in the back with an estimated replacement value of $50,000. Merchandise inventory is $200,000 (at cost), and included in the price. An additional $400,000 of merchandise (approximately) is available for purchase. The 2022 gross sales was $803,458.51, and SDE was $127,622. 

To get more information about this Jewelry Store - Repair And Exchange business for sale in Temecula please phone Linnea Westlake (Intermediary, Broker - BRE License #:02028068) at 925-209-4592 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #279110 on BizBen.com. In addition to phoning Linnea Westlake, make sure you email Linnea Westlake above to get more info about this Jewelry Store - Repair And Exchange, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01100886. Transworld Business Brokers.

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Contact

  1. Name: Linnea Westlake
  2. phone iconPhone: 925-209-4592

Details

  1. Asking Price: $390,000.00

  2. Down: $200,000.00

  3. Cash Flow: $127,662.00

  4. Revenue:    $803,459.00

  1. Area: Temecula

  2. City: Temecula

  1. Attributes:

    Broker CooperationTraining & SupportOwner/Seller Financing

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Related Links & Information Regarding This Posting

Email Linnea Westlake Below About This Posting


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