Business Overview:
Market leading melting, forging, casting, manufacturing of custom fine jewelry in a classy award-winning retail jewelry store with open air mall in prime location. Validated for 38 years with well trained staff to cover the front and back of store allowing consideration of pseudo absentee ownership.
This business is in the unique superior margin space of only 15% of the industry which handles its own manufacturing and selling it directly enhancing margins significantly eliminating 3 steps in the supply chain. The business also comes with $344,600 of silicon rubber molds which are the heart of the business providing infinite utility value manufacturing all of the beautiful upscale custom fine jewelry in the store streamlining the supply chain and significantly enhancing margins as the assets that ?keep on giving.?
Fifty percent of the manufactured fine jewelry is for the store showcases, 40% percent is custom manufactured.
Business is well entrenched and located in a prosperous high growth/income area with high visibility and parking for the open air mall setting in Toledo northwest Ohio setting with no competition in the immediate area. Registry has 1,200 clients and a national client base. Unique Bridge Design award winner. Listed on the Jewelers Board of Trade Rankings. Gross sales of $189,535 with seller discretionary cash flow of $35,489. Inventory of jewelry, equipment, material, molds and inventory of $646,229 with listing price of $659,000. Furniture fixture equipment includes benchtop double spindle polisher, split lap polisher, burnout oven, vibratory tumbler, wax injectors, deluxe streamer, grinder, compressor, air gun, engraver, jewelers bench, rhodium plating, breakers, soldering torch, welder, scales, casting crucibles, vibrating tables, molds, office supplies. Many small tools, etc. Inventory includes watches, chains, bracelets, earrings, rings, necklaces, diamonds, stones, gold and silver etc. If you have been looking for a validated manufacturer, melters, forging, casting business of custom fine jewelry that streamlines the supply chain enhancing margins with trained staff in place, check this one out.
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Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is not 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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