Upscale Jewelry Retail Store

Financial & Assets Details

About the Business

Business Description

The company is a traditional full service and retail jewelry store. It offers a variety of loose diamonds, diamond jewelry, precious and semi-precious gemstones, pearls, silver and goldfinished jewelry. It also offers on-site custom design and jewelry repair.

Current markets
· The company currently serves customers who have an annual household income of over $150 thousand in the Arkansas area.

Growth & Expansion

· Seek additional funding as greater access to capital would allow for a stronger marketing push and challenge the other established jewelers in the area
· Expand marketing efforts and budgets in order to see larger returns
· Acquire key brands and lines in order to enhance market recognition and further improve sales
· Hire additional sales and in-house manufacturing support

Market Competition:

· Prime location in an upscale retail center with high visibility
· Excellent reputation for fine engagement rings
· Unique and custom designed jewelry pieces
· Known fashion leader in the area introducing new and exciting jewelry lines
· Over 30 years of industry experience
· Jewelry pieces created in-house
· Strong vendor and supplier relationships allowing for more efficient diamond sourcing
· Inventory valued at $1.1 million

Location Details:

Real estate
· The company leases a 2,200 square foot retail storefront from an unrelated third party. The storefront is in a highly visible area with heavy foot traffic.

Headquartered
· Little Rock, Arkansas

Reason for Selling:

Shareholder/owner objectives
· The owner is open to various deal structures, but would ultimately like to transition into more of a custom design role, providing a full range of creative services along with manufacturing and possible wholesale opportunities in the industry.