Established Jewelry Store – Diamond District, NYC

Price: $950,000

Location: New York, New York

Industry: Retail

Listing ID: 08272020

Perfectly located on 47th Street in New York’s famous Diamond District, this retail jeweler has provided a standard of excellence by offering the highest quality gold and diamond jewelry and unsurpassed customer service for over 34 years. With a unique “stand alone” retail presence (not in a chaotic exchange), the store features a beautiful main floor showroom to browse their vast selection of wedding bands, engagement rings, tennis bracelets and more. The 2nd floor features ample space for a “Private Showroom” and office. The inventory of precious stones and settings, included in the purchase price at wholesale, can be adjusted to suit the needs of the new owner. Fantastic opportunity for an existing retailer to expand or a wholesaler that is active online and seeks an additional sales channel and/or high-profile retail location.

This business is priced to sell with a highly motivated seller. For more information please contact Mark Sussman. Direct: (917)725-5242 or Email: [email protected]

• Asking Price: $950,000
• FF&E: $20,000 (Included in the Asking Price)
• Annual Cash Flow: $150,000+
• Gross Revenue: $790,000
• Inventory at Cost: $800,000 (Included in the Asking Price)
• Employees: 2 Full Time
• Monthly Rent: $20,400
• Security Deposit:$40,800
• Building Size: 400Sq Ft Main Floor, 300 Sq Ft 2nd Floor
• Established: 36 Years
• Hours: M-F (10am-6:30pm) Sat (11am-6:30pm)

Owner is retiring

Listing Details

Gross Revenue: $790,000

Cash Flow: $150,000

FFE: $20,000 (Included in Price)

Reason For Sale:

Owner is retiring.

Training & Support:

Owner will train.

Operation

Year Established: 36 Years

Owner Hours Per Week: Hours: M-F (10am-6:30pm) Sat (11am-6:30pm)

Employees: 2

Location

Security on Lease: 408000

Monthly Rent: 20400

Square Footage: Building Size: 400Sq Ft Main Floor, 300 Sq Ft 2nd Floor

Summary

Potential Growth:

Plenty room for growth.