Island Jewelry Retail Business

Undisclosed Address, Anna Maria, FL 34216
Business Opportunity for Sale
Catylist Listing ID: 30846550
Property Subtypes: Retail Stores
Building Size (RSF): 1,300 SF
Sale Price: $550,000
Year Business Established: 2017
Gross Revenue: $563,774 (Annual)
Cash Flow: $273,000 (Annual)
Relocatable Business: Yes
Last Updated: 9/24/2023

Overview / Comments

Fabulous Location & Proven Successful Business Model in a Superb Location! Female Business Owner who has excellent business mind and has built up an extremely profitable Jewelry and Gift Retail Store in Heavy traveled World Renowned Tourism Area. Primarily tourist business due to location but also a locals favorite store because of the variety of products available. Stores location is placed on The Prime Corner of Retail Boutique Shops and Restaurants with heavy drive by, golf cart, bicycles, and walking foot traffic! This exquisite local and tourist favorite Jewelry & Trendy Gift Store has Treasures for everyone. From Fine personalized unique jewelry to stylish local favorite everyday jewelry and house decor items. Current Lease has a Two Year Renewal Option with an attractive Lease Rate for store location! Owner operator is easy to work with and welcoming to assist with training if needed. This business has a proven successful track record and would be an open canvas for someone to step in and take over as-is or add their own stylish touch by adding new product lines.

Additional Details

Industry Segment: Other Retail Stores
Reason for Selling: Owner Retiring
Value of Inventory Included ($): $225,000
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Lease in place in prime retail location until 1/31/24. Lease also has already negotiated an additional two years renewal option at a pre-negotiated rental rate that is very attractive!
Employee/Labor Description: Owner would be willing to assist in training and staff is also available to remain on site! Currently three employees.
Mgmt/Training Support Description: Training and Support as needed and or negotiated
Competition/Market Description: Business is in a very prime location in an extremely popular tourism area. Primarily tourist business but also local customers. Excellent visible location, prime corner- end retail space with two of the busiest traveled roads one in front of the store and the other on the side. Drive by traffic, golf cart traffic, bicycle traffic and the most popular, foot traffic for this business location! Current Lease has a Two Year Renewal Option. Lease Rate is very attractive for store location!
Growth/Expansion Opportunities: Current Business focuses on styles and trends of the markets demand. Products range from jewelry to trending stylish decor for homes or gifts. There is no limit to what could be added to this businesses product inventory. Business owner keeps up to date with the ever changing trends but stays focused with the overall smartest business products which capture the highest foot traffic and return on investment. Growth and Expansion is truly endless!
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