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Businesses For Sale   >>   Edmonton Businesses For Sale   

Custom Jewellery Retail & Repair

Location  Edmonton, Alberta, Canada
Asking Price Range  $250K - $500K
Gross Revenues  $415000
Net Profit / Cash Flow  $150000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  1979
Number of Employees  1 - 3
Inventory  167950
Relocatable  Yes
Number of Employees  1 - 3
Real Estate  Leased
Training  Seller will provide training
Reason for Sale  Seller wants to retire

Description  
This well-established custom jewellery store and repair shop has been custom designing, manufacturing and repairing fine jewellery with quality workmanship for 4 decades. The fact that the business is located in a small town just on the outskirt of the City of Edmonton allows for the proximity to customers from the City while enjoying lower store lease costs. The business has generated gross revenue of $415,000 and Seller Discretionary Earnings of $150,000 in the last fiscal year with hours of operation totalling 34.5 hrs/wk and a very basic web site. These limited hours have given the current owner the time and means to enjoy life before finally retiring. However, extending the hours of operations and upgrading the business web site to introduce on line jewellery sales would definitely be great opportunities for a new buyer to grow this business. Over the years, the business has built solid clientele and accounts, of which repairs for existing jewellery stores account for approximately 50% of the total revenue, walk-in customer repairs for 30% and custom jewellery and wholesale for 20%. The owner works as the full time goldsmith alongside a second very qualified and trustworthy contractual goldsmith. At an asking price of $315,000 including $155,000 in inventory, and Owner's Benefits of $150,000, this is a great opportunity for you who is employed as a goldsmith to FINALLY own your own business and start REAPING the FULL BENEFITS of your talent and work! The asking price for the business and inventory is $315,000


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