Owner Financing is Available!
Business Overview:
This business for sale is a Los Angeles based Wholesale Distributor of Swarovski crystal beads with domestic and international distribution. This is a very unique opportunity to buy into an industry with a very high barrier of entry.
This 12 year business has a relationship with Swarovski which allows them to buy crystals for prices cheaper than their competition. The company has been able to pass that savings on to their clients which has resulted in a sterling reputation with very loyal customers.
The company currently has inventory worth approximately $2.3 million based on their cost. About 1/3 of the inventory is considered vintage crystals because Swarovski no longer manufactures them. These vintage crystals sell at a much higher profit margin. Also, every year Swarovski raises their prices by approximately 3%. This means that the value of the inventory grows not only by a minimum of 3%/year but if you consider the added value of the vintage crystals by itself, the inventory becomes a steady growth vehicle. The owner feels that the resale value of his current inventory is approximately $6 million.
The Owner believes that the future of his business is to convert his revenues to the online market. The Owner does not have the expertise to do this.An ideal buyer will be somebody who can make this conversion. This will result in much higher profit margins since right now almost all of his business is done on a wholesale level. Retail mark-ups are approximately 3x higher than wholesale mark-ups.
This business can be easily relocated.
More information about this business and its growth potential are available to qualified, interested parties that have completed the NDA/ Confidentiality Agreement. This can be accomplished by registering as a buyer at www.bizex.net, and by contacting Dan Munter at 310-882-2200 ext.121.
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.
Reason for Selling:
Seller is pursuing other business opportunity
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
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