BizEx121-ML: Renowned Jeweler with Original Designs in an Exclusive Brentwood Location

Background:

General Location:Los Angeles, CA
Category:Retail > Jewelry Design and Sales
Services > Jewelry Repair
Years in Business:37
Under Present Owner:37
Hours of Operation:Mon-Sat; 11AM-6PM
Owner Hours:Mon-Sat; 11AM-6PM
Training:3 weeks, 30 hours/week
Organization Type:S Corp
Lease Expiration:2011
Lease Options:None...
Building Size:Call
Employees:2 FT; 0 PT

Reason for Sale:
Retirement

Financials

Asking Price:$150,000
Down Payment:Negotiable
Gross Sales:$113,852
Discretionary Cash Flow:$1
FF&E:$ 45,000
Inventory Included?No
Inventory:$ 0
Minimum Operating Capital:$ 0
Real Estate Available?No
Real Estate Asking Price:$ 0
Rent:$ 3,872/month
Payroll:$ 0/month
Financing:Call

None...None...None...
Gross SalesNone...None...None...
Gross ProfitNone...None...None...
Disc. EarningsNone...None...None...

* YTD as of None..., ** = Prorated.

Broker Info


Miles M. Logothetis
Business Broker
(310) 882-2200 ext 105
LIC# 01406738

Summary

Business for Sale: Highly renowned, award winning jeweler serving an exclusive clientele providing custom designs with over 30 years in Brentwood whose in-house bench is currently very busy, and molds for jewelry pieces are being included. The clientele is a virtual who's who including many celebrities and high profile sports and entertainment personalities.

The business has an excellent craftsman, an active bench for repairs, and provides custom designs. The business is situated in an affluent community. The current owner began this business 37 years ago and has been successful in building a strong reputation, resulting in a large established clientele. The owner has placed great emphasis on providing the best customer service and commitment to long term relationships. The ideal buyer for this business should have a passion for the jewelry business. This is an excellent opportunity for an energetic and enterprising individual to build upon an established name. Interested parties should register as a buyer at www.bizex.net and call Miles Logothetis at 310-882-2200 ext. 105 for more details regarding this exciting opportunity.


More Details

If you'd like more information about this listing, please register with us or log in to your existing buyer account.

DISCLAIMER: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.