This popular shop features reasonably priced trendy jewelry and fashion accessories. It is located in a prime spot on the main street of a bustling, award-winning mixed-use shopping and leisure destination. The shop sells jewelry to accommodate the budgets of all types of buyers and thus is popular with a wide spectrum of shoppers, browsers, tourists, visitors and year-round residents.
The 1,875 square foot store is beautifully built out and is outfitted with attractive furnishings and fixtures. There are two large display windows which are enticing to shoppers and browsers. The store is part of a nine store chain of mostly seasonal stores. The owner has experienced health issues and is downsizing the chain to a more manageable geographical model and this is one of the sites being spun off. The trade name is not included in the sale. The store is open, operating with a well stocked inventory in place. A new owner has an option to purchase all, some or none of the inventory on hand at wholesale cost. The seller is an absentee owner. The manager in place is paid about $40,000 per year. A new on-site owner can save a good portion of that cost which should add to the net earnings.
The assets of the business include the assignment of the lease, furnishings and fixtures, leasehold improvements, merchandising and display materials and other property sufficient to make this a turn-key transition for a new owner. The cost of the leasehold improvements and furnishings and fixtures in 2011 was over $90,000. The owner will provide transitional orientation and training and some owner financing may be available for qualified buyers. It is being offered at $98,000 plus the wholesale cost of whatever inventory the buyer wishes to purchase.