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Asking Price$195,000
Revenue$133,000 Established2013
Cash Flow$20,000 Employees1 full, 1 part
FF&EUndisclosed FranchiseNo
Inventory$175,000* RelocatableYes
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
This Art & Jewelry Store is located in Scottsdale, Arizona, in the same building as the first original trading post in 1928!  For potential buyers that are unfamiliar with the location, "Old Town" is essentially the "downtown" of Scottsdale and forms the center of visitor and tourism activity as many people visit and walk along the "Art Row" that forms the area.  At best tourism times of the year, this drives a ton of foot traffic as visitors have numerous dining and shopping options nearby.    This location opened in 2014, with steady revenue throughout its 2.5 year history.  The store has glass windows for street-level viewing of inventory.  The interior includes new carpet installed in 2014, with a sufficient shape and size for the glass displays and shelves that hold its inventory.    The store offers unique and innovative inventory, including traditional southwestern style jewelry, modern contemporary handmade inlay jewelry, gemstones, fashion jewelry, custom died carpets/rugs, vases, and other pottery items.   Related to jewelry, it offers both expensive, custom high-end offerings as well as inexpensive pieces; in general prices range from $20 - $2500.  Most of the jewelry is hand-crafted, including handmade pendants, earrings, rings, necklaces by various artists and designers, some of which are featured in various museums and which sell exclusively to this Store.    In addition to jewelry, the inventory includes artwork, in the form of pottery or other decorative items, many of which are sourced from various Indian Tribes, including Sioux, Hopi, and Navajo - which helps to give much of the art-based inventory a unique Southwestern feel.   The inventory that is hand crafted is typically hand delivered, signed, and comes with certificates of authenticity which includes descriptions of the artist and work for the customer to appreciate the uniqueness.  In sum, in comparison to what might be offered at other jewelry or art stores nationwide, the inventory is absolutely unique and with much character.

Real Estate Number: SA660232000
Competition:There are nearby shops that offer similar products, although each of these differ slightly in their focus. The top 3 competitors are Silver Star, Scottsdale Jewels, and Golden Bear, all within walking distance. Although competition is an issue with regards to growth, the competitors nearby in many ways help to increase the foot traffic for WildWest Galleria because the area that the store is located in is considered to be a part of Art Row in Old Town Scottsdale. Thus, numerous visitors and foot traffic arrive at this destination precisely because there are various jewelry and art stores nearby.
Growth Potential:There are a few legitimate possibilities for major growth and expansion, including spending on advertising/promotion, establishing an online sales platform, and increased inventory offerings. Beginning with Advertising, the business has thus far not put any money into advertising; thus, the only promotion has been word-of-mouth and eye-ball views from foot traffic. Given some of the unique inventory sold here, there is an opportunity to invest in specifically targeted advertisement for the purpose of growing brand recognition. Further, some of this advertisement wouldn't have to include direct costs as there are ways to better utilize social media in an effort to create word of mouth. Second, the store doesn't currently have a system in place to sell goods online. Although it lists some of its inventory online, customers are not able to buy products online, which limits its sales capacity to on-site visitors. Were the company to create a better website it could accomplish all of the following: Use Search Engine Optimization and other cheap options to drive online traffic to its page (thus improving the advertising/marketing objectives), as well as make customers out of those online visitors by offering a platform for online sales. Finally, there is room for growth by offering greater and more unique inventory. The business already has some unique offerings, specifically, it has many Indian Art/Jewelry pieces and in some cases it could offer even more unique pieces to differentiate itself from nearby competition. In sum, the three opportunities for growth are all related and could be synergistic in their effect: By offering more and unique inventory it increase its competitive advantage and by utilizing an online sales platform it can reach more customers. By building an improved website and other social media as part of targeted advertising plan it can speak more clearly to those potential customers.
Training/Support:The current owners will be available to fully train a new buyer in all that is required; however, it is expected that a new buyer might want to implement her own systems as those which are currently in place are not necessarily high-tech. However, where the current owners can be most helpful, and where they would be willing to offer full assistance, is in regards to training as to the best sources for the products for sale. The current owners have relationship with numerous suppliers, some of which are offering their products on an exclusive basis to the current owners, and those relationships will be facilitated to new ownership in the best way possible. In sum, the current owners will be at new owners full disposal for a reasonable time to transfer ownership and to assist with training.
Sale Reason:Requirements of business ownership no longer match lifestyle demands.
Ad #81486
Seller Reference #PHOENAZ001-N1683
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Contact This Seller
Ryan Finn
(602) 266-1224
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