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JEWELRY BOUTIQUE AND REPAIR BUSINESS FOR SALE

Siesta Key, FL, USA
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Businesses For Sale | Jewelry Stores For Sale

Listing ID : 2078602

Broker ID : SL3280549

Listed On August 23, 2024 View Count 67

Listing Updated August 23, 2024

Status :
Price :
$495,000
Business Overview :
Gross Revenue:
$242,645
Cash Flow:
$130,000
Target Working Capital:
$25,000
Year Established:
1993
Number of Employees:
2
Inventory Included:
Yes
Estimated Value of Inventory:
$150,000
Furniture, Fixtures & Equipment (FF&E) Included:
Yes
Estimated Value of FF&E:
$30,000
Outstanding Liabilities & Debts:
No
License Included:
No
Business Location Details :
Business Location:
Leased
Rent:
$2,716
Type of Lease:
Triple Net Lease (NNN Lease)
Lease Expiration:
January, 2026
Building Size:
700 Sq. Ft.
Facility & Tenant Improvements:
There is roughly 1 Year an 6 months left on the current term of the lease. Unlimited options to renew under current ownership of strip center. This is a below market lease and is the lowest rent on the island. The existing lease can be assigned to a buyer. The current owners have invested $30,000 in leasehold improvements, which are included in the asking price.
Property Details :
Terms :
NDA Required:
Yes
Broker Co-Op:
No
Support & Training Offered:
Owner will stay on for 14 days at no charge and is willing to stay on for an extended period of time provided buyer and seller agree to a compensation package.
Reason for Selling:
Owners wish to retire and travel after 31 years in business.
Company Overview :
Franchise Overview :
Description :

Same owners, same location for 31 years. Owners wish to retire  and  are motivated to sell.  

Live and work in a tropical paradise on the island of Siesta Key, Florida.  This is a charming village within walking distance of the number one beach in the country. Miles of pristine white sandy beach attracting tourists from all over the world.

The village has over 100 shops, with a mix of restaurants, bars, hotels, boutiques and national tenants.  This village comes alive after sunset with tiki bars, live music, karaoke, and great food. Roughly 6,000 local residents live on the island year round and over 350,000 tourists visit this village annually. There are three new hotels being constructed on the island and a new Tommy Bahama store & Alvins Beachwear store going in directly across the street from the jewelry store. Foot traffic on the island is increasing exponentially each year as more and more tourists discover this tropical paradise.

This is an outstanding opportunity for someone wanting to escape the cold weather up north and take one an established business with a tremendous upside.  There are many things a buyer could do to take this store to a whole new level, that the current owners are not doing.

Purchase price includes $150,000  of finished Jewelry at owners cost, having a retail value of roughly $500,000. Also included is all repair equipment and leasehold improvements.

Contact Listing Owner

Core Corporate Advisors
License:SL3280549

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