73 Year Old Jewelry Store With Premium Gold Inventory | Retail Industry
Queens, New York - New York- Business CategoryRetail Industry
- Business Established Year1951
- Revenue Per Month23,533
- Monthly ProfitN/A
- Number of employees0 to 5
- Property valueN/A
- Property RentN/A
- Asset include:N/A
- Asset Value:650,000
- Current ConditionRunning
- Demand450,000
- AddressQueens, New York
Description
73 years of operation, deeply rooted in the community. Prime location on Jamaica Avenue with heavy foot traffic. Asset-rich with $650,000 in inventory, including $500,000 in gold. Total Inventory: $650,000 (wholesale cost) $1,600,000 (retail cost). Dedicated, experienced team, including a full-time manager willing to stay on. Operational Details Lease/Sq Footage: 1,072 sq. ft.; 2 years remaining on the lease. The location has been home to the business since 1951, and no issues are anticipated in extending the lease. Founding Year: 1951; current ownership since 1995. Seller Financing: Open to all offers and is very flexible on deal structure. Website: None (Value Add). Employees: 4 (1 on the books, 3 off the books).