BizEx54-ML: Wholesale Importer of Gems, Gemstones, Semi-precious Stones, and Jewelry

Background:

General Location:Los Angeles, CA
Category:Wholesale/Distribution > Durable Goods
Years in Business:7
Under Present Owner:7
Hours of Operation:Mon.-Fri. 11am-6pm
Owner Hours:Mon.-Fri. 11-6pm
Training:4 weeks, 20 hours/week
Organization Type:LLC
Lease Expiration:N/A
Lease Options:None...
Building Size:3,150 sqft
Employees:2 FT; 2 PT

Reason for Sale:
Setting up non-profit organization

Financials

Asking Price:$12,000,000
Down Payment:Negotiable
Gross Sales:$5,447,802
Discretionary Cash Flow:$2,944,057
FF&E:$ 42,050
Inventory Included?Yes
Inventory:$ 8,000,000
Minimum Operating Capital:$ 0
Real Estate Available?No
Real Estate Asking Price:$ 0
Rent:$ 6,500/month
Payroll:$ 1,480/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, a Los Angeles based importer wholesaler of gems, gemstones, semi-precious stones, and beaded jewelry with nationwide sales. The company targets a niche for fashionable alternatives to extremely expensive high-end jewelry. Decades of networking and personal relationships with owners of mines, manufacturing companies, suppliers, and vendors have allowed this company to gain access to unsurpassed selection and quality of goods at low cost. These exclusive relationships have effectively allowed this company to have higher margins while keeping their prices very competitive. They are also extremely difficult to forge, take a long time, and cannot easily be replicated by any competitors, effectively keeping them out of the market arena. The company has grossed $3.5 M in 2005, $5.1 M in 2006, and $5.5 M in 2007. The ideal new owner should be a quick study of semi-precious stones and possess strong marketing skills. Seller is leaving the business to pursue their dreams of building hospitals and schools through a non-profit organization they have created.

To learn more about this exciting opportunity, please visit www.bizex.net and follow the link in the upper-right called "register" or contact Miles Logothetis at ext 105 or David Chung at ext 103.


More Details

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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.