Catylist ID: #30478726
Established Carolina Beads & Gems Store For Sale
Business Opportunity for Sale
|Catylist Listing ID:||30478726|
|Property Subtypes:||Retail Stores|
|Building Size (RSF):||1,500 SF|
|Name of Establishment:||Carolina Beads and Gems|
|Business Website Address:||http://carolina-beads-gemstones.com/|
|Year Business Established:||1995|
|Gross Revenue:||$100,000 (Annual)|
|Cash Flow:||$0 (Annual)|
|Sale Terms:||Cash to seller. Seller Financing considered for buyer with good credit history.|
Overview / Comments
Carolina Beads and Gems has become known for their vast array of quality beads and gemstones catering to both the jewelry artist and hobbyist. The store has been located in The Cotton Exchange in historic downtown since it opened over 23 years ago. Revenue comes from several avenues. There are classes offered, wholesale sales for bulk customers, repairs made for the public and area jewelers, and custom jewelry designed in-house for sale in the store. The balance is retail sales from walk in visitors.
This retail/wholesale business is a perfect opportunity for the jewelry artist or entrepreneur looking for a turn-key established business.
All furniture, fixtures and equipment convey with the sale, along with goodwill such as website, customer lists, supplier relationships, and social media pages.
Retail inventory and raw materials are separate and outside of the asking price.
Current staff would be interested in staying on.
|Industry Segment:||Independent Stores|
|Reason for Selling:||Owner relocating ot of state|
|Value of Inventory Included ($):||$50,000|
|Value of Furniture, Fixtures, and Equipment ($):||$13,000|
|Real Estate Status:||Leased|
|Value of Real Estate Included ($):||$0|
|Employee/Labor Description:||2 staff (1 manages)|
|Mgmt/Training Support Description:||A manager is currently in place that assists in inventory management and overall day to day retail operations. A new owner will be trained on all aspects of the business. Financials have been transitioned to Quickbooks in 2019, but financial history has been kept since 1995.|
|Competition/Market Description:||The location, longevity and uniqueness of the business make it very attractive for the jewelry minded person. A perfect owner would either know beading and jewelry design or have a strong interest in learning it.|
|Growth/Expansion Opportunities:||Expansion:Expansion of the website and social media will provide a direct opportunity to increase sales. Growing the class schedule also.|
|Proximity:||1 mile||3 miles||5 miles|
Joan LochMomentum Companies Inc. NCCMLS Member
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