MergerPlace

Thirty Year Old Custom Jewelry & Repair

Not disclosed, Florida


  • Asking Price: $145,000
  • Gross Income: $96,000
  • Cash Flow: $45,000
  • Real Estate: Not Disclosed
  • Inventory: $40,000
  • FF&E: $130,000
  • Listing ID: #220368
  • Established: 1990
  • Employees: 1

Business Description

What an opportunity to work with a master jeweler who still knows how to make custom jewelry the old school way of making molds and pieces by hand!
This custom jewelry and repair shop is located in Seminole County where it has been in business for 30 years. The current owner is a master jeweler who has been in the industry for 50 years and is looking to plan his retirement. A large percentage of the sales are from custom designs that are produced in-house with molds with a smaller percentage coming from repairs. Master jeweler has hundreds of handmade custom molds, wax designs, metallic designs from past projects that would transfer with the sale. All manufacturing is done by the master jeweler in as short as 24 hours in any precious metal that has been requested. This is a retail location, but much of the business is from other jewelry shops in the area who are looking to have service and custom creations made. The current owner has worked on 5th Ave in NYC for famous locations and has had many celebrity clients, would like to stay on for potentially 3-5 years as part of the sale. Please refer to listing 2301506339, business broker Chris Redmond (321)2996867 when inquiring about this listing.


Business Details

Primary Business Category: Retailers - Miscellaneous
Location: Florida
Metropolitan Area: Not disclosed

Company Information

Year Established: 1990
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1

Financial Information

Asking Price: $145,000
Gross Revenue: $96,000
Cash Flow: $45,000
FF&E: $130,000
Inventory: $40,000
Seller Financing Available: No

Property Information

Facilities:

Custom jewelry and repair shop located in Seminole County which has been in business for 30 years. The current owner is a master jeweler who has been in the industry for 50 years and is looking to plan his retirement. A large percentage of the sales are from custom designs that are produced in-house with molds with a smaller percentage coming from repairs. Master jeweler has hundreds of handmade custom molds, wax designs, metallic designs from past projects that would transfer with the sale. All manufacturing is done by the master jeweler in as short as 24 hours in any precious metal that has been requested. This is a retail location, but much of the business is from other jewelry shops in the area who are looking to have service and custom creations made. The current owner has worked on 5th Ave in NYC for famous locations and has had many celebrity clients, would like to stay on for potentially 3-5 years as part of the sale. Please refer to listing 2301506339, business broker Chris Redmond (321)2996867 when inquiring about this listing.

Competition:

Non Compete : Miles: 25 Years: 5

Reason for selling:

Retirement

Support & Training:

Weeks Training: 2 Cost: $0

Contact Business Seller

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Business Listed By:

CHRISTOPHER REDMOND

Transworld Business Brokers of Central Florida