LA Cash-for-Gold & Silver Business 15 Yrs Established
Home / Listing / LA Cash-for-Gold & Silver Business 15 Yrs Established
This listing is: Off Market
Background
| BizEx ID: | BizEx1440-KF |
|---|---|
| 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 |
