Established Casino Jewelry Retailer in Las Vegas

This long-standing jewelry store, operational since 2008, focuses on upscale sterling silver and cubic zirconia items that deliver luxurious appeal at competitive prices. Initially catering to customers seeking quality and style, it has maintained profitability from the start. Once boasting 12 casino locations, the business has since streamlined to a single prime site since 2017 due to COVID-19 impacts. The store enjoys consistent tourist and convention foot traffic, with no marketing costs involved. Monthly rent stands at $9,000, with a space of around 350 sq. ft. managed by three employees who work per shift and receive hourly wages plus commissions. Inventory averages between $80,000 and $100,000 at cost, with impressive profit margins of about 80%. Strong supplier ties with U.S. and overseas factories support operations. Sales are meticulously recorded through a retail management system. This venture presents an excellent chance for a hands-on owner or family seeking a profitable retail outlet, or for an investor aiming to branch into multiple casino venues with a successful business model. The seller is dedicated to ensuring a smooth transition, providing comprehensive support and training, while the experienced staff are ready to remain on board with the new ownership, promoting stability.