
Well Established Gold Jewelry Wholesaler Dominant in SoCal Market
Well Established Gold Jewelry Wholesaler Dominant in SoCal Market
Price: N/A
Location: Los Angeles, CA
Industry: Wholesale Trade
Listing ID: ZBB2209
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.
$3.0M inventory is available and is comprised of Gold and Platinum chains (85%) and Finished Diamond goods (15%).
The business has been working for more than 48 years, and all the growth has happened organically and by referrals. It makes a great 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 is one employee who does sales.
The seller wants to retire and is willing to provide training for the day-to-day operations and ways to place orders and make introductions to the customers and vendors.
LISTING DETAILS
Total Sales: $3,300,000
Cash Flow: $442,000
Accounts Receivable: $70,000 (Included in Price)
Inventory: $3,000,000
Inventory Included: Yes
Reason For Sale:
Retirement
Training & Support:
8 weeks | 8 hours a week
OPERATION
Year Established: 1974
Days & Hours of Operation: 10 AM ‐ 4 PM
Owner Hours Per Week: 2 (1PT / 1FT)
Employees: 1
LOCATION
Monthly Rent: $6,000
Square Footage: 1500
Facilities Information:
Lease Expiration: 01/31/2024
For more information on this listing, please complete our Non-Disclosure Agreement
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