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Niche market with no competition!
Wholesale Jewelry Distributor
Financials
Asking Price of Business: $450,000
Included in the Asking Price:Furniture, Fixtures & Equipment: $30,000
Inventory: $375,000
Cash Flow: $190,000
Annual Sales: $1,065,000
Summary Description
This company wholesales high quality, outstanding jewelry from diversified sources. It has sales representatives and active sales accounts throughout the US. The business has an industry-recognized reputation for service and quality. It has a number one credit rating with the Jeweler's Board of Trade. This is an exciting opportunity for an individual who enjoys administration, sales and marketing, and who values customer service and beautiful, artistic products. The business is highly successful in its current location, but it could be relocated within the state of Maine or elsewhere.
General Information
Year Established: 1980
Employees: 2 FT & 4 PT
The company's facility is about 2,000 square feet of highly secured space. This is more than adequate for the current operation and for expansion of the operation.
Market Outlook
Competition & MarketSales are generated by on-the-road sales reps and by an in-house sales team. The company is known for its personal service and quick customer response, which gives it a competitive edge. Its sales have held relatively stable in the current economy because it is flexible and responsive to changes with in its marketplace.
Growth & Expansion:
A new owner can pursue numerous growth avenues to increase sales. Opportunities vary from type of owner involvement to various methods of adding new accounts that are not being done by current membership.
About the Sale
Financing:
- Anticipated Seller Financing: $250,000
- Down Payment: $200,000
- Inventory Purchase: $375,000
- Working Capital Needed: $25,000
Support/Training: The seller will provide transition training to a new owner and provide introductions for a new owner to its specially selected vendors.
Reason for Sale: The seller plans to relocate and does not want to run a company as large as this one has grown to be.
Contact Information
Lee Edwards
Phone: 207-775-1957
Email: Lee@MaineBusinessBrokers.com
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“Maine Business Brokers did a masterful job of keeping the process… moving ahead to a successful conclusion in purchasing this business.”
Willis C. Arndt
Stonington, CT, Letter of July 14, 2000 (Stache Foods Sale of July 2000)
