Jewelry - Importer of Components for Costume Jewelry
| Asking Price: | $649,000 | Inventory: | $140,000 ++ |
| Gross Revenue: | $1,789,301 | Real Estate: | n/a |
| Cash Flow: | $173,765 (comments below) | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price | |||
| Cash Flow Comments: There is also approximately $120,000 in AR that is included in the asking price | |||
Excellent opportunity to acquire an established, well respected, and profitable business. Located in NYC, this business is a leading importer of the components used in the manufacturing of Costume Jewelry. Customer base is designers and manufacturers in the US and abroad. Beads, Imitation Pearls, Stones, Chains, Leather Cords, and Pendants are the company’s primary products. Company has extensive contacts and relationships with suppliers from Germany, Czechoslavakia, Taiwan, Japan, China, Hong Kong, Greece & Korea. The business markets its products primarily through word of mouth. The business has tremendous reputation and is recognized within the industry for its quality, and service. This business is positioned perfectly for growth and with a little extra effort on the marketing front; this business could really take off. There is approximately $350,000 in additional inventory that the owner is willing to offer on a consignment basis. The current owner is planning for retirement but is passionate about the future success of the company and is willing to work with the new owner to ensure a smooth transition.
About the Business
Year Established:1960
Employees:3 full time -
Relocatable:Yes
Market Outlook and Competition:Outstanding opportunity for growth. Word of mouth has been this companies only marketing program. By implementing a basic marketing plan (web site, brochures, trade shows) this company could take off.
About the Sale
Reason For Selling:Planning for retirement
Seller Financing:Negotiable
KEYWORDS: Profitable, Import, Jewelry, Costume Jewelry,New York, Beads,Pendants,chain
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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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