Gold, Silver, Precious Metal & Jewelry Store in NE Ohio

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Asking Price:
$580,000

Gross Revenue:
$406,000
Cash Flow:
$250,000
EBITDA:
$250,000
Inventory:
 Not Disclosed

FF&E:
$50,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Established cash for precious metals business is situated in a perfect location with high traffic count and very little competition. Excellent repeat and loyal customer base along with very strong cash flow. This store buys gold, silver, diamonds jewelry, gems, coins and other precious metals. Very lucrative precious metals buying business and they are the only one licensed in this city. The price includes display cases and metal, diamond and gem valuation equipment, but excludes inventory because it fluctuates daily. The owner has 20 plus years of experience and is willing to share his knowledge with the new business owner. The sales and profitability could expand significantly, if a jeweler was brought in full-time to service their customer base and create unique jewelry pieces. This is a cash intensive business and it is a great time to be trading precious metals with the stock market fluctuating like it has been.

About the Business

Location:
Barb, Ohio
Year Established:
2015
Number of Employees:
2
Facilities:
The zip code for this location is not exactly where it is located. More details will be given after an NDA is signed.
Market Outlook/
Competition:
There is very little competition in the jewelry business and no competition in the precious metals buying and selling in this city.
Growth & Expansion:
The business could be expanded by adding a full-time jewelry and could sell jewelry on the website.
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About the Sale

Reason For Selling:
Owner is retiring
Training/Support:
The owner is willing to stay involved in the business for 3-6 months to train the new owner. It will up to the new owner to determine how much training they would require.

Listing Info

ID:
1583675
Ad Detail Views:
0

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Business Listed by

Brad Ruth

Great Lakes Business Alliance, Inc.

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