Asking price: $425,000
Reason for sale: Retirement
- Land Area: 7,448.6 ft2
- Building Area: 2,187 ft2
- Year of acquisition: 1993
- Established Year: 1959
- Full-time Employees: 1
- Part-time Employees: 3
- Annual Sales: $198,110
- Monthly Payroll: $956
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization): $28,924
- Assets Included in the Sale: land, building, inventory, supplies, furniture, equipment, and goodwill
This family jewelry shop has been in business since 1959. It is located in northwestern New Brunswick, in a tourist area. It is a leader in its community. This jewelry store is located on a busy shopping street, where it operates 6 days a week, from Monday to Saturday.
The jewelry store sells different types of jewels (rings, bracelets, earrings…) made of precious metals such as gold and silver. It promotes the brands of different designers, both Canadian and international. It also specializes in the sale of men’s and women’s watches.
In addition to sales, this jewelry store offers many other services to its customers such as appraisal, engraving and even pearl cleaning and restringing.
It is a renowned jewelry store in the area, because in addition to offering its expertise in on-site jewelry repair, it also offers repair workshops. Moreover, this business is also known for its watch repair service on most brands.
Through the sale of quality products and a range of services provided, this jewelry store enjoys both a comfortable loyal clientele and a visiting clientele composed mainly of tourists.
It is possible for the future owner to propose extra services, such as online sales.
The sale of the jewelry store includes the building in which it is established. This building is very well preserved. It also has a second location that is currently vacant, which could become an opportunity for the new owners to generate additional income.
Contact us for more information.