Retail Jewelry Stores in 6 States
Off-MarketFairfax, VA
Retail Jewelry Business
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$25,000,000
$2,500,000
10.0%
1995
30+ Days
Customers
Retail
Customer Acquisition
Word of mouth, foot traffic, and digital marketing, including paid and social media.
Team
The business is structured with district managers overseeing 4-5 locations each, and general managers, assistant managers, and sales associates at the individual store level. There are about 6-8 total employees per store. It also has 6 people in management at the office headquarters in Virginia and 3 accountants.
Owner's Role
Acts as CEO of the company.
Reason for Selling
The owner is investing in real estate and is open to a potential sale of the jewelry business.
Contracts
No
Real Estate
All locations are leased inside shopping centers.
When Are You Looking to Sell
3-6 months
Licenses Required
No
Additional Notes
The business has 16 locations across 6 states. The owner has 100% of the locations, except for 2 in Arizona where he has a 51% stake. The business has a strong online presence, with over 12,000 reviews averaging 4.9–5 stars. The business has about $15 million in total inventory, and the seller is open to inventory financing. They also have a Shopify website and make some online sales.
Business ID: 1329
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