Jim Span, Business Broker
The Chase Group
1902 Wright Place, #200
Carlsbad, CA, 92008
Jewelry Store for Sale
Asking Price: $ 150,000
Location: San Diego
Down Payment: $ 150,000
Total Sales: $ 195,822
Discretionary Earnings: $ 58,988
This business has been around for over 29 years and deals exclusively in the sale, custom design and expert repair of jewelry. They are a full-service jewelry store offering an array of fine jewelry for sale as well as in-house repair on jewelry and watches. The owners pride themselves on building a business that prioritizes great customer service within a pleasant setting and competitive pricing, all which combines for an enjoyable customer experience. That experience is confirmed through a loyal clientele and several excellent 5.0 online ratings on several sites including Yelp.
Located in a busy strip mall along one of San Diego’s populated corridors, reasonable pricing attracts many customers from surrounding wealthier areas. The shop is known for repairs and quick turnaround is important to their customers. The jeweler currently doing the repairs will be switching careers and hence will not be available to stay on for longer than a short transition period. The Buyer shall possess these skills or hire someone who does or outsource the repairs and focus on sales.
This retail business is located in a busy strip mall along one of San Diego’s populated corridors. Within the same building are various retail and service based establishments. Across the parking lot is a Starbucks, McDonalds, and other major chains, as well as many residential units within a short driving distance.
Being located along a busy corridor, not unexpectedly there are other jewelry stores within the general vicinity, all small independents. Few if any offer onsite repair and quick turnaround, and none are as highly rated.
Growth & Expansion
According to the owners there are various ways to drive an increase in sales and are outlined in the CIM (Confidential Information Memorandum).