
46 YR Old Gold Jewelry Wholesaler Dominant in SoCal Market
46 YR Old Gold Jewelry Wholesaler Dominant in SoCal Market
Price: $5,000,000
Location: Los Angeles County
Industry: Wholesale Trade
Listing ID: ZBB2104
DESCRIPTION
This family-owned and operated wholesale jewelry business is one of the oldest most established jewelry wholesalers dominant in Southern California. Long-term established relationships with suppliers and customers make this a great opportunity.
$3.7M inventory which is included in the price comprised of Gold and Platinum chains (80%) and Finished Diamond goods (20%).
The business has been working for more than 45 years and all the growth has happened organically and by referrals. It makes a huge opportunity for the buyer to use the foundation and make a huge success by bringing in state-of-the-art marketing activities as well as using online sales venues. There are 3 employees and 1 sub-contractor and one can be trained to become the manager of the business.
Seller wants to retire and is willing to provide training for the day-to-day operations as well as ways to place orders and also to make introductions to the customers and vendors.
LISTING DETAILS
Total Sales: $3,400,000
Cash Flow: $500,000
Accounts Receivable: $100,000 (Included in Price)
Inventory: $3,700,000
Inventory Included: Yes
Reason For Sale:
Retirement
Training & Support:
Will be provided
OPERATION
Year Established: 1974
Days & Hours of Operation: 10 am - 4 pm
Owner Hours Per Week:
Employees: 3 FT and 1 Sub-Contractor
LOCATION
Monthly Rent: $4,650
Type of Location: Retail
Square Footage: 1500
Facilities Information:
Retail Location. Has been in the same location for 47 years.
SUMMARY
Historical Summary:
This family owned and operated wholesale jewelry business was established in 1974.
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