Rare opportunity to purchase a very profitable Jewellery Store in Western Canada. This business has been operating for over 39 years and is a staple in the city, located in the heart of downtown. The owner is now ready to retire and has positioned the business for a seamless takeover with staff in place to successfully operate the store and owner will provide training.
The Jewelry business worldwide was valued at approximately 228 Billion in 2020 and is forecast to reach a value of 307 Billion in 2026. In North America a 2019 “the big survey” report showed that only 5% of Retail Jewelry stores reached sales of more than $5 million which puts this store in the upper echelon of Jewelry Retailers with sales of over $7 million.
Only Qualified buyers please. C
- Asking Price:
- $6,200,000 (CAD)
- Sales Revenue:
- $7,500,000 (CAD)
- Cash Flow:
- $2,000,000 (CAD)
Property Information
- Premises Details:
-
Leased Space
Business Operation
- Reasons for selling:
-
Owner is ready to retire
- Employees:
- 14
- Years established:
- 1986
Other Information
- Support & training:
-
Owner will train
