Established Jewelry Business (No Inventory Capital Required!)Listing: #HT00014
About this Business for sale in HoustonEstablished Jewelry Business (No Inventory Capital Required!)
For nearly 40 years, this family-owned jewelry business has been providing fine jewelry, high end watches, and custom jewelry alongside their on-site repair work. Jewelry offered includes Engagement Rings, Wedding Bands, Designer Engagement Rings, Custom Rings, Custom Engagement Rings, Loose Diamonds, Necklaces, Bracelets, Rolex Watches, and Seiko Watches. Services offered includes Appraisal, Ring Sizing, Jewelry Cleaning, Certified Rolex Repair, Payment Plans, Jewelry Repair, Watch Repair, and Watch Batteries. The most recent two months sales averaged $2mm monthly. The business occupies an elegant free-standing building located on a main thoroughfare near the Woodlands. Rent $3,600. 2,000 sf. Reputation in the area is excellent and is reinforced with a strong online presence. Owner also has relationships with wholesalers/suppliers to obtain inventory w/no upfront costs and can return any unsold items, which is a huge cashflow benefit for any owner. Owner wants to retire and will finance 50% of purchase price. This is your opportunity to own a well-established, profitable jewelry business and start making money on day one!
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.