Cash-for-Gold & Silver Business for Sale, LA Co.

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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:$498,735
Discretionary Cash Flow:$227,262
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

bizex

Description

This established cash-for-gold, silver, and other precious metals business, operating for 15 years in Los Angeles County, is now available for sale. Situated on a busy street, the business boasts a prime retail storefront, attracting steady walk-in foot traffic and ensuring visibility. Their historical reputation attracts referral business from past clients and from their curated vendor relationships. Catering to the wholesale distribution of a wide array of valuable items including jewelry, precious stones, metals, flatware, and more, it presents a lucrative opportunity for prospective buyers.

Key Features:

  1. Prime Location: Located in the heart of Los Angeles County on a busy street, the business enjoys high visibility and consistent foot traffic, maximizing sales potential.
  2. Established Reputation: With a track record spanning 15 years, the business has built a solid reputation within the community, garnering trust and loyalty from customers.
  3. Diverse Product Range: From gold and silver to precious stones and jewelry findings, the business pursues a diverse range of valuable items, attracting a broad customer base.
  4. Turnkey Operation: The business is fully operational with an existing customer base, established vendors, and training will be provided, allowing for a smooth transition for new ownership.
  5. Growth Potential: With the thriving market for gold, silver, and other precious metals and jewelry, there is ample opportunity for expansion and increased profitability under new ownership.

Overall, this business presents an attractive investment opportunity for individuals looking to enter or expand within the lucrative market of cash-for-gold, silver, and precious metals and jewelry in the county of Los Angeles.


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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.




Joshua Call
Business Broker / M&A Advisor
100 Wilshire Boulevard, Suite 700
Santa Monica, CA 90401
Office: (310) 882-2200 ext 169
Direct: 310-882-2200 x169
Lic#: 01772517

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