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SBA APPROVED - Popular Fine Jewelry Store in Affluent Community SC2149
SBA APPROVED - POPULAR FINE JEWELRY STORE IN AFFLUENT COMMUNITY SC2149
This national and regional award-winning full-service fine jewelry store is a California Sub-Chapter S Corporation that has been in operation for the past 16 years, since 2008, under ownership of the founder. Located in an anchor position in a luxury lifestyle shopping center, this cornerstone retailer serves multiple generations of clientele in one of the most affluent regions of Northern California known for high per capita incomes, low crime rates, and massive economic growth in a well-planned community and extremely desirable destination for both families and businesses. There is zero direct competition in the hotly desired, highly affluent location of the business. There is little competition within a ten-mile radius of this store.
Regionally, this store location is in a major economic upswing in the Northern California region, with over 25% growth in population projected from 2023 through 2025 within a 20-mile radius. This is the largest anticipated growth in the State of California and the 17th fastest growing city in the United States, citing the United States Census, Local Chamber of Commerce and California state government sources. This store location is at the center of the top three tourism destinations in Northern California, within two hours or less drive to each attraction.
With over 15,000 customers, this GIA credentialed, American Gem Society (AGS) Guild Jewelry Store sells high-quality finished jewelry, luxury and couture designer jewelry, in-house designed custom-made jewelry, a wide variety of bridal and wedding rings, loose diamonds and gems, repairs, appraisals, and all manners of GIA trained gemology in-house.
Store buildout is an LEED-certified Green Building, with business model of conflict-free and proven ethical sourcing, using recycled precious metals and transparent pricing structure of diamonds and precious gems and blockchain provenance.
Financial Information
- Asking Price $2,250,000
- Cash Flow $400,000
- Gross Revenue $2,000,000
- Down Payment $2,250,000
Business Location
Northern California
Reason for Sale
- The Seller is willing to stay on with the business if the new owner requests, at an agreed-upon salary. Founder/Owner is selling because they want to transition away from business ownership, finance and HR to focus as a highly credentialed gemologist and appraiser, fine jewelry custom designer, retail salesperson and buyer of diamonds, gems, fine jewelry and luxury timepieces and technological innovation thereof.
Detailed information
- Year Established: 2008
- Home Based: No
- Franchise: No
- Relocatable: No
- Lender Prequalified: No
- SBA Prequalified: No
- Full-Time Employees: 2
- Part-Time Employees: 5
- Contractors: 1
- Owner Worked Hours/w: 40
- Adjusted EBITDA: On request
- Inventory Included: Yes
- Inventory Value: $900,000
- Monthly Rent: $9,426
- Real Estate Available: No
- Real Estate Included: No
- Real Estate Value: N/A
- Building Size: 2800
- FF&E Included?: Yes
- FF&E Value: $550,000
Training/Support
- The Seller is willing to provide training at 40 hours per week for 4 weeks for the new Owner. Additional training from current owner can be made available at a mutually agreed upon cost to the new Owner.
Facilities
- Fully ADA compliant, this business operates from a 2,800 square foot showroom and a 530 square foot office, restroom and vault room with monthly rent of $9,426.00 and monthly CAM charges of $2,025.00 through April of 2028. The store is in its third five-year lease term in current location and has two additional five-year options starting in May 2028, to April 2038. The lease is assignable.
Market Outlook/Competition
- The global jewelry market size was valued at $340.69 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 4.6% from 2023 to 2030. Increasing disposable income and innovative jewelry designs offered by manufacturers are expected to drive product demand.
CA 02100708
NV 1003039
Listed By: Myrtel Lapuz
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Background information
Reference:
SC2149
Year established:
2008
Reason selling:
Wants to reduce time spent at as an owner but willing to stay on as employee.
Finance
Sales:
$2,000,000
Profits:
$400,000
Profit type:
Free Cash Flow
Operations
Employees:
Full-Time Employees: 2 Part-Time Employees: 5 Contractors: 1
Equipment:
FF&E Included?: Yes FF&E Value: $550,000
Inventory:
Inventory Included: Yes Inventory Value: $900,000
Furniture fixtures and equipment:
FF&E Included?: Yes FF&E Value: $550,000
Premises
Square footage:
2,800
Rent and lease terms:
Monthly Rent: $9,426
Location:
Northern California
Opportunities
Growth:
The global jewelry market size was valued at $340.69 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 4.6% from 2023 to 2030. Increasing disposable income and innovative jewelry designs offered by manufacturers are expected to drive product demand.
Market:
The global jewelry market size was valued at $340.69 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 4.6% from 2023 to 2030. Increasing disposable income and innovative jewelry designs offered by manufacturers are expected to drive product demand.
Price and terms
Price:
$2,250,000
Down payment:
$2,250,000
Financing:
Seller financing is currently not available
Training:
The Seller is willing to provide training at 40 hours per week for 4 weeks for the new Owner. Additional training from current owner can be made available at a mutually agreed upon cost to the new Owner.