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Current Store Front..
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Fine Jewelry And Upscale Home Decor For Sale in West Bay Beach, Roatan, Honduras

Dream Of Living & Working On A Tropical Caribbean Island?

Asking Price: $85,000 - $90,000 USD  (Financing Available)

Penelope's Island Emporium has been in business for sixteen years here on Roatan, Bay Islands, Honduras. Prior to this, Penelope’s Western Emporium in La Veta, Colorado opened its door in 2000. Over 20 years of relationships have been formed with vendors, merchants, wholesale distributors, artists and jewelry dealers which has helped PIE to succeed with good business relationships and excel in the retail market.

PIE sells fine jewelry such as diamonds, precious gemstones, gold, sterling silver and unique one of a kind tropical items. Penny teaches jewelry design to islanders who then learn a trade, thus offering customers the opportunity to purchase items locally hand crafted. The remainder of the jewelry inventory is purchased at the largest international gem show in the world, from artists from every part of the globe, making most pieces items the customer will never see again, purchasing something unique and special as a remembrance of their Roatan visit.

Penelope’s Island Emporium is a business that would excel in any retail space, hotel, resort or cruise ship dock. (There are currently 2 cruise ship docks on Roatan, with more being planned).
Roatan's West Bay Beach is rated one of the Top 15 Beaches in the world.

Island Magazine named Roatan as one of the top ten islands in the world to retire to.

Trip Advisor ranked the top ten islands in the world to visit and Roatan came in as #3.

Trip Advisor also has ranked Penelope’s as the #2 attraction in West Bay.

Our inventory is priced for today’s market: $1.00 to $1800.00, something for everyone.
Our jewelry inventory includes, diamonds, tanzanite, rubies, sapphires, emeralds, tourmaline, peridot, topaz of many colors, larimar, moldavite, coral, alexandrite, citrine, amethyst, Baltic amber, moonstone, jade, abalone, rhodocrosite, onyx, obsidian, spectralite, ruby zoasite, coral,pearls, sea shells and many semi-precious stones.

In addition to our jewelry for men, women and children, PIE is a unique boutique with many unusual gift items and home accessories, such as bronze art and hand sculpted gemstone parrots. We carry fine Honduran homemade coconut oil, homemade jams,vanilla, soaps and aloe vera cream made here on Roatan.

The home accessories are targeted towards our customers purchasing holiday homes, retirement condos or vacation rentals on the island. We carry artwork, lighting, hand blown sea life art glass, candles and upscale accessories.

Being a gift shop we also carry Xmas ornaments, journals, books, greeting cards, custom postcards, locally made handicrafts and the obligatory ponchos & umbrellas in the rainy season. PIE is indeed an emporium and no one knows what treasures will be found on the bi-annual buying trips.
After sixteen years of excellent customer service and building global friendships, Penelope's is known for it's fun shopping experience, reasonable prices and a good spot to stop and chat to hear the latest island news.
Google Roatan to see the beautiful sugar sand beaches, Green jungle mountains, turquoise sea and breathtaking sunsets. The perfect spot for a laid back lifestyle. Roatan has long been known as a top dive location, second only to the Great Barrier Reef. The snorkeling starts shoulder deep, no need to swim out or take a boat to see incredible sea life, coral and fans. Many fishing operators, wind surfing, zip lining; so much to see and do both in and out of the restaurants are many and astonishing, from a local baleada to 5* gourmet infusion dining experiences.

Roatan is a 2 hour Direct Flight from Miami, Houston and Atlanta. Many flights from other US and Canadian airports, with more being added, such as Minnesota and Belize.







Cost Breakdown


Inventory of over 10,000 items @ acquisition wholesale cost $85,000.00

Custom made jewelry showcases and towers$27,000.00



Office eqpt: jewelry safe, cash register, credit card machine,
phone lines, microwave, refrigerator, file cabinets, back room
storage and shelving $1000.00
Jewelry displays, mirrors, receipt books, custom earring cards, silk gift bags, etc.
$2500.00
10 large crates of Seasonal Store decorations for every holiday $1000.00


Includes: Business permit, Roatan Chamber of Commerce Member, Easy Closing with transfer of corporation shares to buyer
Local bank accounts in US dollars and Lempiras
Business tax accountant
Established advertising contracts
Total Value in Assets: $275.

Total Value: $116,500

SALES PRICE: $90,000.00



Meticulous income tax records as well as each year’s gross and net sales are available.

Financing:

Due to the challenging economic times, the Covid Pandemic, and retiring Baby Boomers, Penny is offering Owner Financing with full price offer. 50% Down Payment, with $45,000.00 payable in 3 years @ 5& interest.

Any default on the part of the buyer would cause PIE full ownership to be returned to Penny Leigh.

Penny is willing to continue, if needed, as a buyer, purchasing store inventory on shopping trips and buying trips to major wholesale markets. If requested,Penny would act as consultant and work part time for an easy transition of ownership, introducing buyer to all vendors and business associates to maintain the high quality and reasonable prices Penelope’s is known for.
Owning and operating a unique, fun boutique is an ideal business for a couple or 2 people.

Reason for Sale
Penny is retiring to enjoy the island she discovered twenty years ago.


video of store interior and merchandise can be found on YouTube
FB: Penelope’s Island Emporium - Roatan


About This Property

Category:
Businesses
Address:
West Bay Mall
West Bay Beach
Roatan 00000
Honduras
For Sale By:
Owner
Construction Year:
n/a
Area:
n/a
Bedrooms:
n/a
Bathrooms:
n/a
Sleeps:
n/a
Stories:
n/a
Parking Spaces:
n/a



Features - Amenities

  • All Fixtures, Custom Showcases With Glass Towers & Led Jewelry Lighting, Displays, New Inventory Valued At $85,000 Wholesale Cost, Readers, Sunglasses, Lighting, Artwork, Many Locally Made Items, Recycled Plastic Handbags, Hand Embroidered Tropical Face Masks, Reef Safe Bug Repellent, Many More Gift Items. Included In Sale Are Domain Name Resale Number, Business Permit, Bank Accounts, West Bay Association, Right Down To The Price Tags And Gift Bags. Totally Turnkey. Penelope's Island Emporium Is Held In A Honduran Corporation, Making Closing Costs Very Low, With A Simple Transfer Of Shares.
  • Penelope's Island Emporium Is Well Known In The Community Being Involved With The Local Islanders In Supporting Efforts To Make Creative Local Gifts To Be Sold In The Store. We Have An Excellent Return Clientele From All Over The World, But Especially Customers, Visitors And Vacation Home Owners From The United States, Canada And Italy. English Is Widely Spoken And The Us Dollar Is An Accepted Currency.
  • Penelope's Continues To Receive Rave Reviews On Trip Advisor.


Pictures  (click to view a larger image)

Current Store Front..
Signage..
Custom Luxury Showcases..
interior..
hand blown art glass..
card rack..
locking lighted showcases, towers..
showcases have large lower level storage..
Xmas Ornaments on Xmas Palm Tree..


Contact - More Information

Penny Leigh
 
Phones:   7862690819  (store phone/US #)
011 504 2445 5039  (store land line)
011 504 3391 1490  (WhatsApp Cell Phone)
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