Second Hand Gold & Diamond Jewelry Store in Queens For Sale

Business description

The seller has done extremely well in this amazing business by dealing solely in second-hand gold, diamonds, custom and imported jewelry. He also repairs jewelry, sets stones, and replaces watch batteries and glass at a huge markup. Profit margins on gold items are in the neighborhood of 300%. Seller is well known in the neighborhood. About seven or eight people transacted business with him during the hour the broker observed the business. At just 50 years of age, seller is ready to retire to Florida.

Property information

Premises details:

This is a very bright and pretty store with security tight as a drum. Great visibility through a large expanse of bulletproof glass with three built-in rotating windows. Display cases line one side of the store and could be installed on the opposite wall for other types of merchandise, like electronics. Seller repairs items in a small area in rear of store with two enormous safes for company. Lease allows other kinds of business on the premises, such as money wiring services. Store includes 900 sq feet of basement space, currently not in use.

Other information

Reasons for selling:

Relocating

Financing available:

Negotiable

Inventory / Stock value:

$100,000