OFF-MARKET ‘Q3 2024
Thriving Independent Jewelry Store
Cohasset, MA Norfolk County
Seller Financing Available if the price and deal structure is right
Asking Price: $1,800,000
Cash Flow: $460,000
Gross Revenue: $1,900,000
EBITDA: $460,000
FF&E: $250,000
Inventory: $700,000
Established: 1982
Employees: 4
Business Description:
Rare opportunity to acquire a thriving independent jewelry store with strong ties to the local community and a proven playbook for consistent profitability.
An hour outside Boston, this beloved independent jewelry store has been a cornerstone of the local community for over 40 years, with a loyal customer base and a reputation for exceptional customer service. The business has won numerous awards and has been featured in local publications for its contributions to the community. The sellers are assisted in their operations by a team of sales associates who will remain with the business and the lease can be extended at reasonable rates.
With a focus on fashion and bridal, the business has established strong relationships with vendors to ensure a consistent supply of high-quality items and services. And with a six-day workweek, there is significant potential to expand business hours and increase revenue or attract strong sales talent with work/life balance.
The sellers would like to exit their entire stake in the business and are open to assisting in transition of the business. The current owners have developed a strong operations playbook that has kept the business profitable even during difficult economic conditions, and they are willing to share their expertise with an experienced sales professional looking to take over the business. The sellers are looking to exit the business to retire.
Lease, intangibles, furniture, fixtures, and equipment as well as inventory are included in the $1,800,000 asking price. Numbers in this teaser are taken from July ‘21 to June ’22 – the CIM contains TTM numbers, and up-to-date financials will be provided to qualified interested parties. 2022 Christmas was better than 2021.
Interested Parties are invited to sign a non-disclosure agreement {SUBMIT BELOW} to receive a comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners that includes up-to-date financials and additional details about this exceptional opportunity. Don’t miss out on the chance to acquire a successful, community-focused independent jewelry store with tremendous growth potential.
Detailed Information
Facilities:
2,000 sqft with plenty of parking in a strip mall, with prominent signage
Competition: the current location has one nearby jewelry store.
Growth & Expansion:
Online sales are an option for an experienced ecommerce operator/innovator, opportunities to fine tune sales instore also exist. Interested parties looking for operational support should reach out to the seller’s agent who has connections in the jewelry industry.
Financing:
TBD if structure and terms are acceptable.
Support & Training:
As needed – specific terms for transition support can be negotiated. The Seller wishes to facilitate a successful and smooth transfer of the Business.
Reason for Selling:
Retirement
OFF-MARKET-Thriving Independent Jewelry Store for Sale
