Arizona Jewelry Store

An fantastic opportunity to acquire a turn-key jewelry store located in a northwest area of Tucson, Arizona. This 20 year old well-established business is a trusted and recognized name in the industry. Its northwest location attracts both locals and tourists seeking stunning jewelry pieces. In addition to jewelry sales, they also provide repair services and custom designed pieces.

This store is known for its honesty, integrity, and fair prices. It has won accolades such as best jewelry store in Tucson 5 years in a row. Customers comment and appreciate the store for its large amount of high-quality inventory. It is in the elite group of jewelry stores with a Google 5 star rating. The store has carefully curated an inventory that appeals to its clientele, but also keep the inventory low resulting in a 3x turnover that is unheard of in the industry where it is usually between 1or 2. In addition to the well managed inventory, the store leads the local market with a dedicated and experienced team of employees who have been with the business for years. Their expertise contribute to the store's exceptional customer service.

After successfully founding and running the business for nearly two decades, the owner is ready to retire. This is an opportunity for a new owner to take over and continue the store's legacy in the local market. Whether you are an experienced jeweler or an entrepreneur with a passion for the industry, this turn-key jewelry store provides a rare chance to step into a thriving business with an established, recurring customer base and great value-added opportunities. The lease to the space is extended through 2028. Opportunities for growth existing in the online space and additional repair work.

Efforts for the past 5 years has been in revenue growth with an average of 25% for the past 5 years. As the local price conscious store, gross margins are not as high as others, but consistent. Over 6000 clients served with consistent referral business. Owner would consider staying for a transitionary time period. All leasehold improvements have been expenses off early using section 179. Inventory of $500,000 is negotiable and is in the sales price.

Full financials available with N/D agreements.