Business To Buy

Jewelry Retail

not disclosed, Utah
This jewelry retailer operates multiple locations along the Wasatch Front. It is now run by the second generation and is well-known for its diamond engagement/wedding rings, as well as watches and other jewelry. They also offer investment-quality diamonds and coins. Their on-site, long-tenured goldsmiths custom-design over 100 rings a month, making them one of the largest custom designers in the state. Their stores are in busy retail areas with great proximity to young populations predisposed to marriage.
The Company’s reputation for honest, educated and service-oriented staff is well-known in the marketplace. They provide extensive training to their employees and have an average employee tenure of 10 years, a figure unheard of in the industry. Rather than hard-selling and rushing customers into a decision, the sales staff focuses on educating their clientele and spending the necessary time to make them comfortable with the significant process of picking out a diamond and band for their most important moments.
Through related entities, the sellers own some of the land and buildings. They are interested in selling these assets as well should a new owner wish to buy them. The owners are selling the company in order to retire and move on to other personal interests. However, they are willing to stay involved at some level at a buyer’s discretion for up to two years post-closing. Inventory valued at $350,000 is included in the asking price for the business; an additional $2,650,000 is available at seller’s cost.

Financials

Price: $810,000
Gross Income: $2,352,696
Cash Flow: $255,577
FFE: $200,000
Inventory: $350,000
Real Estate Value: $0

About the Business

Office Reference ID: #202017
Year Established: 1986
Financing:
Training: 10 weeks (Nov.Dec.Feb and or Sept)
Facilities: 2 locations
Competition:
Growth:
Business Listed By
Name: Colliers International Mergers & Acquisitions
Company: Colliers International Mergers & Acquisitions
Phone: 801-947-8327

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