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.

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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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