Famous Colorado Jewelry Store and Condo
Our decades old business is a strategically positioned High End Gift Shop directly in the path of millions of visitors accessing premier attractions, making it a natural stopping point for over 25 million tourists who visited the region in 2024. The built-in customer base from massive tourism offers a turn-key operation requiring a minimal transition period.
The $350,000 Gift Shop specializes in jewelry and unique gifts, with a particular focus on Native American-inspired items and regional specialties. The business features natural gold nugget jewelry, a beautiful selection of Indian jewelry and hand-signed pottery. It comes with $10,000 in high end display cases and $190,000 of inventory at cost. They employ one full time worker and 3 part time helpers. Loyal customers come from almost every country in the world. Families on vacation often return to visit the store every time they come to the area. The business’s real property is also included in the sale price. It is a mixed-use property combining the retail store and an attached condominium in an iconic location with historical significance.
The business’s 408 square feet of retail space is thoughtfully allocated with many attractive display cases and spaces for wall art. The store features wide isles for browsing, and has a back room for storage and an employee bathroom. The building’s recently renovated condo spans 756 square feet over 2 floors, with a kitchen and living room downstairs, and a small family room, 2 bedrooms, a bath and a washer closet upstairs. The entire building with an estimated value of $750,000 is included in the sale price.
The shop has predominate name recognition in the region. The new owner could drive in much higher revenue by adding an online digital retail presence. Expanding online could make the store’s walk in customers into year round purchasers without adding significant expense overhead. The owner plans to retire, but will be available for consultation for as long as necessary.
Financials (USD)
Asking Price $1,000,000
Cash Flow $125,000
Sales $375,000
Deal Terms
Represented by broker? Yes
Buyer Fee? No
Seller Financing? No
Willing to co-broke? No
Principals only? Yes
Franchise? No
Management will stay? Yes
Relocatable? No
Real Estate? Yes
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