Catylist ID:
#30871535
Jewelry Business - Diamond Mine
Business Opportunity
for Sale
| Catylist Listing ID: | 30871535 |
| Property Subtypes: | General Merchandise |
| Building Size (RSF): | See Agent |
| Sale Price: | $75,000 |
| Name of Establishment: | Diamond Mine Jewelers |
| Business Website Address: | https://www.diamondminejewelersky.com |
| Year Business Established: | 1993 |
| Gross Revenue: | $186,000 (Annual) |
| Cash Flow: | $0 (Annual) |
| Last Updated: | 4/30/2024 |
Overview / Comments
|
A 30-year-old jewelry business is now available for sale, offering a unique opportunity for aspiring entrepreneurs or seasoned industry professionals to acquire a well-established enterprise with a solid reputation and decades of experience. This business has built a loyal customer base and established itself as a trusted provider of high-quality jewelry pieces and repairs. With $17,000 worth of equipment included in the sale, the buyer can seamlessly take over operations and continue the legacy of craftsmanship and excellence. Key Features: 1. Established Brand: With three decades of operation, this jewelry business has developed a strong brand presence in the local market and beyond. Its name is synonymous with quality, reliability, and innovation. 2. Loyal Customer Base: Over the years, the business has cultivated a loyal customer base who appreciate the craftsmanship and attention to detail evident in every piece of jewelry created. Repeat business and word-of-mouth referrals contribute significantly to its success. 3. Prime Location: Located in Oldham County KY, a physical storefront on Hwy 146, with visibility and accessibility to customers. 4. Proven Revenue Streams: The business has established multiple revenue streams, including retail sales, custom orders, repairs, and future possibly online sales through an e-commerce platform. 5. Equipment Included: The sale includes equipment valued at $17,000, which is essential for jewelry crafting and maintenance. This minimizes the initial investment required by the buyer and facilitates a smooth transition of ownership. 6. Transition Support: The current owner may provide training and support during the transition period to ensure a seamless handover of operations. This jewelry business presents an exciting opportunity for a passionate individual or investor to enter or expand within the thriving jewelry industry, leveraging its decades-long legacy, loyal customer base, and valuable equipment assets. With strategic planning and innovation, the business has the potential to continue its growth trajectory and remain a prominent player in the market for years to come. |
Additional Details
| Nearest MSA: | Louisville/Jefferson County |
| County: | Oldham |
| Industry Segment: | Other General Merchandise |
| Reason for Selling: | Retiring and relocating to a different state. |
| Value of Inventory Included ($): | $0 |
| Value of Furniture, Fixtures, and Equipment ($): | $17,000 |
| Real Estate Status: | Leased |
| Value of Real Estate Included ($): | $0 |
| Competition/Market Description: | The business occupies a favorable position in the competitive landscape, benefiting from its status as the sole jewelry repair store in Oldham County Kentucky and its ability to attract customers from neighboring areas. By capitalizing on its strengths and proactively addressing potential challenges, it can continue to thrive and maintain its market leadership position in the years to come. |
| Growth/Expansion Opportunities: | 1.Expand Online Presence: Investing in digital marketing strategies and expanding the business's online presence can attract a broader customer base and facilitate sales beyond the local market. 2. Diversify Product Offerings: Introducing new product lines or services, such as personalized jewelry, jewelry accessories, or jewelry repair classes, can attract new customers and increase revenue streams. 3. Strengthen Partnerships: Collaborating with other businesses, such as wedding planners, fashion boutiques, or local artisans, can create mutually beneficial partnerships and expand the business's reach. 4. Enhance Customer Experience: Improving customer service, implementing loyalty programs, and enhancing the shopping experience both online and offline can foster customer loyalty and encourage repeat business. |
Demographic Statistics
| Proximity: | 3 miles | 5 miles |
|---|---|---|
| Total Population: | 16,597 | 37,217 |
| Median Age: | 37.95 | 38.57 |
| Households: | 4,334 | 11,663 |
| © Copyright 2024 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Moody's assume any liability for errors or omissions. |
