A fixture of the community for decades, this upscale jeweler shop boasts a large regular clientele of affluent customers in the midst of Silicon Valley. Located in a posh mid-peninsula downtown shopping district, there is extensive foot traffic and potential for increased business by extending hours and expanding the range of products offered.
This is an excellent opportunity for an established jeweler to open a branch, for a jewelry store employee to venture out on his/her own, or for an entrepreneur to set up a jeweler in a location with existing market presence and cash flow.
The store is in leased premises on the main street, tastefully furnished and decorated. The sale includes no inventory--a buyer interested in inventory would negotiate that transaction outside the sale of the business. The sale includes the business name, supplier contacts, extensive customer contacts, display cases and furnishings, office and work area furnitures, safes, and, of course, all the very expensive elaborate leasehold improvements for alarm and security purposes. Replacement costs for all physical assets alone are estimated at well over $100,000. Seller prefers to close on or about May 1st 2014, but could be interested in an earlier closing for the right terms.
The current owners prefer to sell the business based on location, physical assets (furniture, fixtures, and equipment), reputation and customer awareness, favorable lease terms, leasehold improvements, and obvious extent of the current business volume, rather than on financials. Open 5-1/2 days a week, they receive both credit card and cash payments, and claim that the business is very lucrative. Any serous prospective buyer will be afforded plenty of opportunity during due diligence to make their own independent determination of cash flow and SDE.
A complete list of furniture, fixtures, equipment, and leasehold improvements, along with estimated replacement costs, will be available to the serious buyer.