Profitable Jewelry Store for Sale – Prime Michigan Location

Listing Price: $194,999

Asking Price: $194,999
Gross Revenue: $528,185
FF&E: $100,000
Inventory: $200,000
Rent: $2,900 Including NNN
Established: 1989

Business Description

Turn-Key Jewelry Store In Wayne County

We are pleased to present a confidential opportunity to acquire a well-established and profitable jewelry business in Michigan. This trusted jewelry store has built a loyal customer base over the years, offering a wide range of high-quality products and services, including engagement rings, fashion jewelry, custom designs, and jewelry repair services.

This business is being offered for sale due to the owner's retirement. This is a turnkey opportunity for a new owner to take over a highly profitable operation with significant growth potential.

Detailed Information

Location: Wayne County, MI

Real Estate: N/A

Building SF: 3000

Lease Expiration: 2027-05-31

Employees: 3FT / 2PT

Facilities: Showroom – A well-designed display area showcasing various jewelry, including engagement rings, necklaces, earrings, bracelets, and watches. They also have a custom Design Studio.

Competition: The business operates in a thriving local market with a strong demand for high-quality jewelry and personalized services. While competition exists, the store has established a loyal customer base and a solid reputation for exceptional craftsmanship.

Growth & Expansion: Expand Jewelry Collections: Introduce new product lines, such as watches, men’s jewelry, or luxury accessories, to attract a broader customer base. Offering exclusive collections or collaborations with designers can also create excitement and exclusivity.

Seller Financing Available: No

Financing: Funds due in full at closing

Support & Training: The seller is committed to ensuring a smooth transition and is willing to provide comprehensive training and ongoing support to the new owner. This includes guidance on day-to-day operations, customer relationships, and business management.

Reason for Selling: Owner’s Retirement

Lease Info: $2,900 Including NNN