Retail Jewelry & Fine Arts

Location: United States -> Arizona -> Tucson
Industry: Retail > Other Retail

This retail business is a gallery of jewelry, arts and fine crafts. For the past 20 years the seller’s have designed and created fine jewelry and have been devoted to featuring the best new and emerging local and southwestern artists and artisans. In the process the galllery has earned a reputation for being a perfect gift source for all occasions. The gallery is located in the tranquil environs of one of Tucson’s more beautiful plaza with its eclectic collection of locally owned shops and restaurants. Seller is smei-absentee working only 3 days per week. $5,000 of Seller’s inventory is included in the sale. Balance of Seller’s inventory is estimated at $156,000 retail as well as an estimated $150,000 additonal inventory from other artists and will be left on consignment. Current lease expires 09/20/2010 with one 5 year option. Building size is 816 square feet with a base rent of $1300 per month. Purchase price of this business is $50,000. Please email or call Jerry Doty at 520-577-1212, ext. 26 for more information on this Retail Jewelry & Fine Arts business for sale. Seller’s are motivated and will consider all resonable offers.

Financials

Asking Price Range: < $250K
Gross Revenues: $155,237
Cash Flow: $40,983
Cash Flow Type: Sellers Discretionary Cash
Inventory: $35,000
Seller Financing: Not Disclosed

About The Business

Year Established: 1987
Number of Employees: 1 – 3
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease

About The Sale

Management Training and Support: 2 weeks.
Reason For Selling: Retiring.