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
Sale Price: $60,000
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)
Relocatable Business: Yes
Sale Terms: Cash to seller. Seller Financing considered for buyer with good credit history.
Last Updated: 8/27/2019

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.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
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.

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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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