Catylist ID:
#30705685
Well Established Specialty Retail Shop Opportunity
Business Opportunity
for Sale
| Catylist Listing ID: | 30705685 |
| Property Subtypes: | Retail Stores |
| Building Size (RSF): | 1,500 SF |
| Sale Price: | $48,000 |
| Name of Establishment: | Carolina Beads and Gemstones |
| Business Website Address: | https://carolina-beads-gemstones.com/ |
| Year Business Established: | 1995 |
| Gross Revenue: | $0 (Annual) |
| Cash Flow: | $0 (Annual) |
| Relocatable Business: | Yes |
| Sale Terms: | Financials provided after signed NDA and proof of ability to purchase. |
| Last Updated: | 2/9/2021 |
Overview / Comments
|
Carolina Beads and Gems has become known for their vast array of quality beads and gemstones catering to both the jewelry artist and hobbyist. The store has been located in The Cotton Exchange in historic downtown Wilmington NC since it opened over 23 years ago. Revenue comes from several avenues. There are classes offered, wholesale sales for bulk customers, repairs made for the public and area jewelers, and custom jewelry designed in-house for sale in the store. The balance is retail sales from walk in visitors. This retail/wholesale business is a perfect opportunity for the jewelry artist or entrepreneur looking for a turn-key established business. All furniture, fixtures and equipment convey with the sale, along with goodwill such as website, customer lists, supplier relationships, Quickbooks company file, and social media pages. Retail inventory and raw materials are separate and outside of the asking price. Current staff would be interested in staying on. |
Additional Details
| Nearest MSA: | Wilmington |
| County: | New Hanover |
| Industry Segment: | Other Retail Stores |
| Reason for Selling: | Relocation out of state |
| Value of Inventory Included ($): | $0 |
| Value of Furniture, Fixtures, and Equipment ($): | $15,000 |
| Real Estate Status: | Leased |
| Value of Real Estate Included ($): | $0 |
| Real Estate Lease Description: | The shop is located within the historic Cotton Exchange shopping and dining destination. It is directly across from the Cape Fear River and amid the development of apartments, hotels, convention center, and revitalization of the RiverWalk. Parking is free for people shopping or dining at the Cotton Exchange in their dedicated parking lot. |
| Employee/Labor Description: | One full time manager. One part time sales person |
| Mgmt/Training Support Description: | Complete training will be provided. |
| Seller Financing Description: | Some seller financing will be considered with a qualified buyer with good credit. |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 6,788 | 34,493 | 101,521 |
| Median Age: | 35.41 | 38.65 | 35.87 |
| Households: | 3,130 | 15,617 | 43,659 |
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