5570 — Highly Successful Jewelry Store in Unique Setting
This is a rare opportunity to purchase a highly successful retail jewelry store featuring growing revenue, high profitability, and limited hours. Located in a gorgeous area on the outskirts of the Denver, CO metro area, this Company has nearly 3 decades of successful operations in the community. This family owned business continues to innovate, adapt and grow, despite being open less than 20 hours per week! Over the years they have established highly valuable relationships with customers, vendors, and manufacturers. The store caters to an affluent clientele and sales of $20,000 to $30,000 are not uncommon. Despite the success of the Company and its valuable clientele, no one customer represents more than 2% of the Company’s annual revenue and the top customer tends to change from year to year. The Company works with a variety of vendors and suppliers, so there are no supplier concentration issues. The future success of the store is very important to the current owners, so they plan to provide transition assistance as well as customer and vendor introductions. In addition to the highlights above, the Company enjoys a stellar reputation (with over 300 5 Star Google Reviews) and has recently upgraded their website which may increase online sales. Despite the long, successful history, there are still numerous areas for potential growth.
