38-Year Established Full-Service Jewelry & Custom Grill Business

Baltimore, Maryland, US, ID 284151

38-Year Established Full-Service Jewelry & Custom Grill Business 1
38-Year Established Full-Service Jewelry & Custom Grill Business 1
Asking price:
On request
Owner
Private Person

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Description

This well established full service jewelry and custom grill business has served a loyal customer base for nearly forty years. Services include custom grills, fine jewelry, repairs, and precious metals buying. With precious metal prices at historic highs, the gold and diamond buying segment is a major cash driver. The business operates with trained staff, specialized security, and a licensed precious metals operation in a high traffic location.Annual gross revenue exceeds one million dollars with net margins of forty to sixty percent. Sixty percent of clients are repeat. Rent is reduced to three thousand five hundred dollars per month for a new owner. Seller financing is available with fifty percent down, and inventory is negotiable. Training includes one month in person and six months remote.Growth can come from expanding hours, adding a sixth day, launching social media and Google marketing, and retargeting the existing customer database. The ideal buyer is a jeweler, grill specialist, investor, or owner operator. The sale is for the business only, with real estate available separately. Asking price disclosed after non disclosure agreement.

Details

Real Estate: Lease
Employees (ppl): 6
Reason for selling: Retirement
Support from seller: Consultancy available
Square m2: 600

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