Turn-Key, Walk In and Own. A World Of Beads has become known for their vast array of quality beads and gemstones catering to both the jewelry artist and hobbyist. After their leased space was sold in Hyde Park, The store relocated to historic downtown Over-The Rhine (OTR) in July 2018. the first store opened over 28 years ago in Springdale (Tri-County) and relocated to cincinnati Hyde Park on Erie Avenue in 2002.
Revenue comes from several avenues. There are classes offered, Designer bulk discounts for customers, jewelry repairs made for the public and local jewelers, and custom jewelry designed in-house for sale in the store. The balance revenue is retail sales from walk-in customers and visitors from downtown VENUES.
This retail/designer business is a perfect opportunity for the jewelry artist or entrepreneur looking for a turn-key, established business.
All furniture, fixtures and equipment convey with the sale, along with goodwill such as website, 3000 name customer lists, supplier relationships, and social media pages.
Retail inventory are separate and outside of the asking price.
Current staff would be interested in staying on.
owner will offer training to the new owner.
Detailed Information Location: 1429 Vine Street (OTR) Cincinnati, Ohio 45202
Real Estate: Leased
Building SF: 1,100
Lease Expiration: 3/15/2023
Furniture, Fixtures, & Equipment (FF&E): Included in asking price (detailed list available).
Facilities: Located in The Over-The-Rhine neighborhood which is a destination shopping complex with over 30 specialty retail shops and eateries. continued revitalization of OTR will soon include a new parking lot/garage across the street from the store (presently under construction at this time).
The location and uniqueness of the business make it very attractive for the jewelry minded person. A perfect owner would either know beading and jewelry design or have a strong interest in learning it.
Growth & Expansion: Expansion of the website and social media will provide a direct opportunity to increase sales. Metalsmithing classes and beading classes are offered onsite where students can sign up online.
Jewelry Repair is very lucrative and provides a great profit steam at A World Of Beads. We have developed a great reputation for quality work resulting in area jewelers referring beaded repairs to us.
Financing: Present owner financing is available for inventory purchase and determined on buyer credit.
Support & Training: A manager is currently in place that assists in inventory management and overall day-to-day retail operations.
A new owner will be trained on all aspects of the business. Financials are in Quickbooks, with financial history since 2002.