SOLD
BizEx137-KF: Jewelry Import Sourcing

Background:

General Location:Los Alamitios, CA
Category:Wholesale/Distribution
Wholesale/Distribution > Durable Goods
Years in Business:6
Under Present Owner:6
Hours of Operation:M-F 10-5
Owner Hours:M-F 8-5
Training:40 weeks, 20 hours/week
Organization Type:S Corp
Lease Expiration:June 30, 2011
Lease Options:
Building Size:4,729 sqft
Employees:5 FT; 3 PT

Reason for Sale:
Retirement

Financials

Asking Price:$1,500,000
Down Payment:$1,200,000
Gross Sales:$2,200,000
Discretionary Cash Flow:$350,000
FF&E:$ 150,000
Inventory Included?Yes
Inventory:$ 350,000
Minimum Operating Capital:$ 0
Real Estate Available?No
Real Estate Asking Price:$ 0
Rent:$ 3,000/month
Payroll:$ 26,720/month
Financing:Call

Gross Sales
Gross Profit
Disc. Earnings

* YTD as of , ** = Prorated.

Broker Info


Kendric Foultz, CBB
Business Broker
(310) 882-2200 ext 102
LIC# 01376005

Michael S. Davidson
Business Broker
(310) 882-2200 ext 101
LIC# 01257681

Summary

Business for sale is a niche jewelry import sourcing company. The business is involved in a cutting edge area of the industry that is growing and is benefiting from the climbing price of gold and other precious metals. This bootstrapped company went from zero to over two million dollars in revenues in five years and is positioned in the market for continued growth. The current owner is nearing retirement age and would ideally like to stay on board with the new owner for a few years. He is very excited about the future prospects for the industry and his company but he acknowledges the business needs new blood and energy to realize the market potential.
The company's primary focus is the design, development, and sourcing of its niche product. The end product is all manufactured overseas and the company has built an effective and efficient channel that allows them to be very competitive in the marketplace. The business is staffed with all the right people to get the job done and all key employees would like to stay with the business. Included in the sale are interests in several trademarks, copyrights, and patents. These alone could have tremendous value to the right buyer. If you would like more information regarding this business please go to www.bizex.net and "register" or you may contact Kendric Foultz directly at 310-968-2369.


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.