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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).

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73 Year Old Jewelry Store With Premium Gold Inventory | Retail Industry

Queens, New York - New York

Seller Description

  • What type of listing is this?N/A
  • 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).