* Included in Asking Price
Private Jewelry Business - Custom Design / Manufacturing, Retail and Repair
This private jewelry business is located in an affluent and safe town in southern Orange Country, California. It was originally established over a hundred years ago, and has been family owned since then. The owners oversee every aspect of the business and maintain excellent financial and tax records.
This business has built a solid name and a loyal customer base, and many of their customers are 2nd generations. It provides its customers with custom designed jewelry and designer brand name fine jewelry at competitive prices. It has over 50 five-star reviews on Yelp.
What's required to succeed for the new owner? - Honesty, good people skills and the love for jewelry and design.
This jewelry business has established long term relationships with contract manufacturers, third party suppliers and several repair shops. They outsource the majority of their work, and only do minor repairs in the office. The current owners will provide training and pass along all key contacts, business relationships and know-how skills to the new owner.
The three major revenue streams are: custom design/manufacturing, third party brand name fine designer jewelry, and complete repair services. Margins vary by different segments, but are, in general, high.
The hours of operation are: Sunday - Thursday by appointment; walk-ins are welcome on Fridays and Saturdays. The office has full security system installed.
The current owners are planning to retire. If they were to continue to run the business, the one most important area they would expand into is social marketing (advertising on Facebook, Twitter, Pinterest, Instagram), which they have not initiated so far.
Annual Revenue: $200,000
FF&E (Included in the price): $15,000
Inventory (Included in the price): $75,000
Seller's Discretionary Cash Flow: $100,000
Asking Price: $275,000
Disclaimer: The information above was furnished by the seller. Sunbelt Business Brokers of Orange Coast or its agents have not verified the information and makes no representations as to its accuracy or reliability.
For more information call Tina Zeng at SUNBELT BUSINESS BROKERS of ORANGE COAST at 949-864-6436, or at 714-619-9310 ext. 253. Email: email@example.com. Fax: 949-861-6498.
|Training/Support:||seller will provide training.|
Seller Reference #ORCSTCA001-N2002
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