Watch & Clock Repair Shop

Undisclosed Address, California
Business Opportunity for Sale
Catylist Listing ID: 30564777
Property Subtypes: Personal
Building Size (RSF): 1,634 SF
Sale Price: $415,000
Name of Establishment: As Time Goes By
Franchise Parent Name: N/A
Year Business Established: 2006
Gross Revenue: $395,000 (Annual)
Cash Flow: $150,000 (Annual)
Cash Flow Type: EBITDA
Relocatable Business: Yes
Sale Terms: All cash to Seller
Last Updated: 3/27/2020

Overview / Comments

Established clock and watch repair business and boutique Jewelry Store. Full service for Omega, Rolex, Patek Philippe, Tag Huer, vintage and pocket watches. Full service on antique wall clocks, grandfather clocks, cuckoo clocks. Battery replacement for watches. Sells estate jewelry and local designers' jewelry. Large inventory of tools and repair parts, store fixtures. Large backlog of service to be performed for customers. Convenient location near Old Town La Quinta. Owner willing to train Buyer's staff in watch, clock and jewelry repair.

Additional Details

Industry Segment: Other Personal Prod. and Services
Reason for Selling: Owner is ready to retire.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Lease expires 9/30/2022. Landlord willing to negotiate a new lease with buyer.
Employee/Labor Description: Currently, the business owner and his wife have one employee who works in the jewelry side of the business.
Mgmt/Training Support Description: Seller is willing to train buyer's staff for a period of up to one year.
Competition/Market Description: Very limited competition of good quality.
Growth/Expansion Opportunities: Seller believes that if the buyer had four people working full time on watch and clock repair, they would still have a backlog of work to do.
Seller Financing Description: None.

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Demographic Statistics

Proximity: 5 miles
Total Population: 453
Median Age: 46.5
Households: 187

Sponsoring Organization

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