Jewelry Display Manufacturer and Distributor

| Asking Price: | $575,000 | Inventory: | $75,000 ++ |
| Gross Revenue: | $1,247,000 | Real Estate: | n/a |
| Cash Flow: | $200,000 | FF&E: | $75,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
Well established (60 years) NY based jewelry display manufacturer and distributor. Long term relationships with customers include distributors, jewelry manufacturers and retail stores. Business s ability to manufacture high quality products locally with a quick turn around time and the capacity to customize large and small orders gives the business a competitive advantage over importers that tend to support a lower cost / lower quality business model. Company serves the mid scale market at competitive prices. Order sizes vary from a couple hundred dollars up to $20,000 per order. The owner believes the business will continue to thrive even as the economy faces a downturn. Jewelry does not sell by itself and needs to be displayed in an appealing and enticing way in order to attract buyers. Management team includes the owner that acts as CEO, and a foreman, in charge of the manufacturing facility and a business manager, both who has been with the business for 20 and 10 years respectively. Out of the 25 full time employees a few specialize in wood cutting, while the rest work in general assembly. Two employees work in the shipping dept. The average employee has been with the company for over 10 years. The business utilizes a free lance commission based sales person. Business is open five days a week from 8:30 am to 4:30 pm. While the business is perfectly positioned for a strategic acquisition, it is also ideal for an individual with a business background to run his own profitable business and take it to the next level. The price comprises all assets of the business including goodwill, infrastructure, website, domain, operation systems, machinery, equipment, inventory, agreements. The seller will retain the accounts receivable and pay off the accounts payable.
About the Business
Year Established:1950
Employees:25 full time -
Relocatable:Yes
Facilities:13,000 sqft, including a woodcutting room, a large assembly area, a shipping area, storage space and offices. Business has one and a half years remaining on the lease at $8,200 a month. In addition the company pays electricity and contributes partial payments towards heating. Owner believes it is possible to extend lease.
Market Outlook and Competition:Owner believes that the implementation of a marketing and advertising plan together with the strong fundamentals of the business, manufacturing capacities, established reputation and long term relationship with the existing customer base will enable the purchaser of the business to grow the business and bring it to the next level. Owner deems there is a large untapped market of distributors, jewelers and retailers, and that with proper management infrastructure and sales force can generate significant additional revenue for the business.
About the Sale
Reason For Selling:other business interests
Seller Financing:negotiable
KEYWORDS: jewelry, manufacturer, manufacturing, distribution, distributors, ny, new york, cash flow, manufacture,
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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