Business For Sale

Sterling Silver Buckles, Jewelry Wholesale &Retail

Carmel By The Sea, CA
Monterey County

Central California & New York


Asking Price: Annual Revenue:
$1,200,000 $1,600,000

Retail: Clothing & Accessories


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RE: Sterling Silver Buckles, Jewelry Wholesale &Retail Broker: Flora Chong
License #: 01160661
Owner Financing is Available!
with 45% down @ 6% amortized over 7-10 years with a 36 month balloon payment.

Quick Facts

Asking Price: $1,200,000
Annual Revenue: $1,600,000
Net Profit: $112,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1994
Employees: 6
BBN Listing #: 5055931
Broker Reference #: M1805

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Business Overview:

This company designs, manufactures, wholesales & retails high-end sterling silver buckles, fine leather belts, accessories & jewelry. Their sterling silver jewelry includes necklaces, bracelets, rings, earrings, bracelets, hair barrettes, & combs. The belts are offered in crocodile, classic leather, alligator, lizard, hornback, ostrich & stingray. The buckles are offered in a hundred imaginative designs. It has been in business for thirty years & is a vertically organized enterprise with first class retail stores in New York City on Madison Ave. & in Carmel-By-the-Sea, CA. on Ocean Ave. The manufacturing is done in Mexico. The wholesale part of the business & office can be located anywhere. The lease for the New York store is up in December & can be renewed. The inventory, estimated at more than $1,400,000 is included in the purchase price. Seller financing available to a qualified buyer.

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Property Features and Assets:

Two First Class retail stores on Madison Ave, NYC (800 square feet, $20700/month. Lease expires Dec 2018, renewable) & Carmel CA (200 Square Feet $5,500/month Lease expires 2020) Manufacturing in Mexico.

Reason for Selling:

Retiring

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.

Documents:

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