Asking Price: $580,000 Gross Revenue: $406,000Cash Flow: $250,000EBITDA: $250,000Inventory: Not Disclosed FF&E: $50,000 included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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
Number of Employees:
The zip code for this location is not exactly where it is located. More details will be given after an NDA is signed.
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.
Gold, Silver, Precious Metal & Jewelry Store in NE Ohio
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