LA Cash-for-Gold & Silver Business 15 Yrs Established

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This listing is: Off Market

Background

BizEx ID:BizEx1440-JC
General Location:Los Angeles, CA
Category: Wholesale/Distribution
Jewelry Design and Sales
Years in Business:15
Under Present Owner:Yes
Hours of Operation:Mon.-Fri. 10:30am-4:00pm; Sat. by appointment only
Owner Hours:27.5
Training:2 weeks @ 10 hours
Organization Type:LLC
Lease Expiration:September 2024
Lease Options:Month to month at expiration; New buyer to negotiate with the landlord
Building Size:800 sq. ft.
Employees:0
Reason for Sale:Partners are retiring from the business

Financials

Asking Price:$680,000
Down Payment:Negotiable
Gross Sales:$692,686
Discretionary Cash Flow:$286,744
FF&E:
Inventory Included?
Inventory:
Min. Operating Capital:$30,000
Real Estate Available?No
Rent:$2,583

2023 2022 2021
Gross Sales $ 498,735 $ 491,029 $ 480,622
Gross Profit $ 267,615 $ 215,169 $ 197,385
Disc. Earnings $ 227,262 $ 175,328 $ 157,395

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations