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Jewelry Shop

New Brunswick, CAN
Updated 13 hours ago
Established 1959

This family jewelry shop has been in business since 1959. It is located in northwestern New Brunswick, in a tourist area. It is a leader in its community. This jewelry store is located on a busy shopping street, where it operates 6 days a week, from Monday to Saturday. The jewelry store sells different types of jewels (rings, bracelets, earrings…) made of precious metals such as gold and silver. It promotes the brands of different designers, both Canadian and international. It also specializes in the sale of men’s and women’s watches. In addition to sales, this jewelry store offers many other services to its customers such as appraisal, engraving and even pearl cleaning and restringing. It is a renowned jewelry store in the area, because in addition to offering its expertise in on-site jewelry repair, it also offers repair workshops. Moreover, this business is also known for its watch repair service on most brands. Through the sale of quality products and a range of services provided, this jewelry store enjoys both a comfortable loyal clientele and a visiting clientele composed mainly of tourists. It is possible for the future owner to propose extra services, such as online sales. The sale of the jewelry store includes the building in which it is established. This building is very well preserved. It also has a second location that is currently vacant, which could become an opportunity for the new owners to generate additional income.

Land Area

7,448.6 ft2

Reference

#4018_35A

Building Area

2,187 ft2

Monthly Payroll

$956

Full-time Employees

1

Part-time Employees

3

Year Of Acquisition

1993

Assets Included In The Sale

land, building, inventory, supplies, furniture, equipment, and goodwill

Reason for Selling

Retirement

Financials

Asking Price
$690K
RevenueMost Recent Year
$198K
Earnings (EBITDA)Last Reported
$29K
Assets Value
Undisclosed
Seller Financing
Not available

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