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Wisconsin Business For Sale |
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| HAND MADE JEWELRY STORE - 1ST TIER RETAIL CLIENTS |
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| Attn: Tim Bullard |
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| Madison, WI, USA |
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| Asking Price: |
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$150,000 USD USA Dollars |
| Business for Sale Industry: |
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Manufacturing: Clothing, Jewelry |
| Reason for Selling: |
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Seller has a corporate job. |
| Year Established: |
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1985 |
| # of Employees: |
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9 |
| Yearly Revenues: |
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$315,187 |
| Yearly Cash Flow: |
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$56,565 |
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Business for Sale Overview:
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This is a 22 year old business built from scratch by the current owner into a 300,000 dollar plus grossing business. This manufacturing company makes handmade jewelry, bubble wands, and ornaments. The business has done as much as 500,000 dollars a year in revenues prior to a partnership split. The momentum of the business has been rebuilding over the past 18 months since that split. The novelty of this business is in its model. All production is done by local community workers in their own homes. Kits are ‘sold' with a guarantee of repurchase at a set price. Turnaround time is a few days for work in process. Utilizing local in home work this company keeps its cost of goods sold to less than 25% for production cost. The current owner has spent the better part of her life positioning this company in most of the ‘major gift and retail shows' including the New York International Gift Fair and Buyer's Market of American Craft, which both have a 5 year approval process. Buyers from retail shops around the country know and respect this company for it's quality of product and more importantly the company's customer service after orders are fulfilled. Currently the company has inside phone sales reps taking warm inbound calls and orders as well as outside representatives who market through gift and retail shows around the country. This company has an underutilized asset in its website that should be the major generator for growth in the future on both retail ordering and wholesale order processing. One of the major assets and customers for the products of the company is the outstanding Whole Foods Markets. With their recent acquisition of Wild Oats, this company is now approved in almost 60% more stores than it was just a few months ago. They have recently been accepted to the ‘Holiday gift show for Whole Foods' as a preferred vendor to showcase for buyers from all over the country. Included as well are several catalogue customers that purchase and resell the company’s products. Opportunities abound for the right new owner. The current owner is only operating the business approximately 10 hours per week while working at another full time job. It is this lack of onsite supervision that has allowed for inventory levels to get to 3 and 4 month levels strapping this company for cash. Contact 262-347-2083.
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Property Features and Assets:
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1200 SQ FT house (zoned commercial) on main strip of downtown at $1250 per month, all for use in sales, management, and production management |
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Market Competition and Expansion:
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THE MARKETING HAS BEEN ‘AMERICAN HAND MADE JEWELRY AND GIFTS’ THAT BASIC AND POWERFUL SLOGAN HAS ALLOWED THEM TO GROW THROUGH THE TRADE SHOW CIRCUIT TO APPROXIMATELY 10% OF SALES PER YEAR. OVER THEIR 22 YEAR HISTORY, BY GAINING MOMENTUM THIS COMPANY HAS BECOME FAMILIAR TO BUYER’S AND STORE OWNERS ALIKE WHO LOVE THE ‘STORY’ THE PRODUCTS WHICH ARE LISTED BELOW AND MOST OF ALL THE CUSTOMER SERVICE ‘CALLS AFTER DELIVERY’ TO ENSURE THE PRODUCTS DELIVERED AS EXPECTED. THIS COMPANY HAS UTILIZED AN INCREDIBLE FACE TO FACE STYLE MARKETING DEVELOPED THROUGH TRADE SHOWS AND ART FAIRS AND BUYER’S GROUPS. UNFORTUNATELY THEY HAVEN’T BACKED UP THE ‘QUIET SIDE’ OF THEIR SALES WITH A WEBSITE SO THAT BUYER’S CAN REVIEW THE PRODUCTS AND SERVICE THEY’VE SEEN AT TRADE SHOWS. |
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Additional Details:
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- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner may be willing to work for the new owner.
- This may become a homebased business opportunity.
- This may become a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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