Respectable Full-Service Diamond Dealer

Business Overview:

We are pleased to introduce truly one of a kind business for sale. This long-established full-service diamond dealer caters primarily to businesses and is known for prompt delivery, impeccable reputation and integrity in the local market. For many years, this successful business built a diverse loyal clientele of jewelry stores and setters throughout Metro Detroit and surrounding areas. Extremely reliable supplier for many years consistently provides superior quality stones allowing the owner to meet and exceed customer expectations.

The owner is currently only working 20 hrs. weekly on average and is ready to retire.  He would be happy to train the buyer as well as stay for a mutually agreed period to ensure each client’s smooth transition. All inventory is current and consistently used. The business is offered at $199K, inventory is not included in the price, but available at cost, estimated conservatively at $750,000 based on 2021 pricing which since went up 15-20% on average. 

This business is a turn-key operation with significant opportunities for growth due to stellar reputation. References are available during due diligence process. Ideal buyer does not need experience in the industry, but to be successful needs to be trustworthy, ambitious, and willing to work full time to grow the business.

More information is available with signed Non-Disclosure. All buyers must show financial capability prior to confidential information being released for review.    

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Ideally located in a Diamond & Jewelry building, this business operates out of a fully furnished 1,200 sq ft, office, equipped with state-of-the-art security system and specifically designed for wholesale jewelry & diamond business. FF&E includes two safes, 3 diamond scales, full kitchen, computers, and much more. Everything is in great working condition.

Market Competition and Expansion:

Locally, there is virtually no competition of the same caliber. Although, other diamond wholesale companies exist, the quality of the stones most often is not up to par or the product is offered in much larger quantities, which is not adventitious to the jewelry stores who are not interested in carrying inventory. Currently the business only serves Metro Detroit and surrounding areas only. Very easily expandable to the rest of Michigan, Illinois, Ohio and Indiana. Numerous other opportunities for growth and expansion are available for a new owner with fresh energy and excitement who pursues marketing efforts in addition to existing clientele base already established.

Reason for Selling:

Retirement

Additional Details:

Documents:

Relevant Links:

• View more Michigan businesses for sale
• View more Businesses For Sale in the same industry
• Sell a business online
• Find a business broker