Business for Sale Overview:
This business supplies gems and other precious stones to the retail
stores, goldsmiths, trade shops and manufacturers in its territory. Its
territory is a multi-metro/state region in the Mid-West. Who Should
Buy? The ideal buyers could be a dual income husband and wife or
father and son team. This allows one person to be in the office and one
calling on potential customers on the road. Both could be in the office
during November and December, traditionally the busiest time of the
year. Another buyer profile could be a downsized corporate employee.
Who would train? The seller would be available for a period of time,
probably one to two months after selling to show the buyers the day to
day operations of the business. Also, if the buyers want to study gems,
the Gemological Institute of America offers complete courses in
residence or correspondence to earn the title of Gemologist. Growth
Potential: This business has competitive advantage (only wholesaler of
its kind in its territory) and growth potential that can come from
expansion of product line offerings, better penetration of existing
markets and some further territory expansion. LOCATION OF BUSINESS:
This will become available to prospective buyers after a confidentiality
agreement is signed. FINANCIALS: Sales level: $400K; Discretionary
Cash Flow Level: $75K (NOTE: Many years of verifiable financial
records available); ASKING PRICE: $195,000 plus working inventory
(recommended inventory level: $150,000 ).
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Gem & Precious stone wholesaler servicing a significant Midwest multi-
metro/region. No Jewelry business experience necessary; owner will train.
Ideal for (a) downsized corporate people OR (b) career changers OR (c)
husband-wife team OR (d) Father and Son teams.
Market Competition and Expansion:
This is a niche wholesale business and has no local competitor in its
territory. This business has competitive advantage and growth potential
that can come from expansion of product line offerings, better
penetration of existing markets and some further territory expansion.
Reason for Selling:
Seller wants to change business
directions.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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