Respectable Full-Service Diamond Dealer

Not Disclosed, MI

Southeast Michigan


Asking Price: Annual Revenue:
$399,000 $553,836

Wholesale/Distribution: Durable Goods


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RE: Respectable Full-Service Diamond Dealer Broker: Tanya Popov
Owner Financing is Available!
Negotiable to a qualified buyer.

Quick Facts

Asking Price: $399,000
Annual Revenue: $553,836
Net Profit: Not Disclosed
Cash Flow: $118,443
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 1990
Employees: 1
BBN Listing #: 266828552
Broker Reference #: MI062321

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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.
Current owner is retiring and 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. With current level, the owner is confident the business can do up to $2mil in annual sales with monthly orders from supplier. Inventory is not included in the price and is available to be acquired by the new owner if they wish.
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.

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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:

  • 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.

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