Take advantage of a rare opportunity to step into a long standing and profitable specialty jewelry store located in the heart of Montrose. The store is professionally merchandised, fully staffed and well positioned in a high traffic area on Westheimer.
This beloved store has cultivated a loyal customer base and has built a strong community presence over 40 years. In addition to its jewelry sales, a significant amount of revenue is generated each month as the "go to source" in Montrose for jewelry repairs. Customer reviews and tributes are excellent and well earned.
The founder and longtime owner is looking to retire but is committed to helping a new owner continue the success of his business. Favorable lease terms are in place and can be easily extended with a supportive landlord.
The sale includes approximately $300,000 of fresh, popular on-site inventory .
For more information contact Ron Spolane at 713 854-3481.
Financial Information
$595,000
Asking Price
$87,734
Cash Flow
$622,713
Gross Revenue
N/A
Down Payment
Business Location
City:
Houston
State:Texas
Reason for Sale
Retirement
Detailed information
Year Established:
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Full-Time Employees: 1
Part-Time Employees:1
Contractors:N/A
Owner Worked Hours/w:N/A
Adjusted EBITDA:
N/A
Inventory Included: Yes
Inventory Value:
$300,000
Monthly Rent:
$3,500
Real Estate Available: Yes
Real Estate Included: No
Real Estate Value:
N/A
Building Size: 800
FF&E Included?: Yes
FF&E Value: N/A
Training/Support
The Seller will provide training to the Buyer after the sale of the business on a schedule agreed to by both parties to ensure a smooth transition.
Real Estate Description
Multi-tenant facility
Lease expires 2027
Favorable lease terms are in place and can be easily extended with a supportive landlord
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