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Handmade Jewelry Manufacturing, Top Tier retail clients

Madison, Wisconsin (Dane County)

Mfg. - Apparel & finished fabrics | Mfg. - Miscellaneous Manufacturing

Asking Price $150,000 Inventory 100000* 
Gross Income $315,187 Real Estate  
Cash Flow $55,513 Year Established 1986
FF&E N/A Employees 9

* included in the asking price

** not included in the asking price

This is a 22-year-old business built from scratch by the current owner into a 300,000 dollar plus grossing business. This manufacturing company makes hand made jewelry, bubble wands, and ornaments. The business has done as much as 500,000 dollars a year in revenues in past years. The momentum of the business has been rebuilding over the past 2 years. The novelty of this business is in its model. All production is done by contract workers in their homes. Kits are sold with a guarantee of repurchase at a set price. Turnaround time for work in process is from a few days to 2 weeks. By doing this, the company keeps its COGS to less than 25% for production. The current owner has spent the better part of her life positioning this company in most of the major gift and retail shows including the New York International Gift Fair and Buyers Market of American Craft, which both have a 5 year approval process. Buyers from retail shops around the country know and respect this company for quality of product, and more importantly, customer service after orders are fulfilled. Currently the company has inside phone reps taking inbound calls and orders as well as outside manufacturer reps who market through gift and retail shows around the country. One of the major assets and customers of the company is the outstanding Whole Foods Markets. With their recent acquisition of Wild Oats, this company is now approved in almost 60% more stores than it was just a few months ago. They have just been accepted to the Holiday gift show for Whole Foods as a preferred vendor to showcase for buyers from all over the country. Included as well are several catalogue customers that purchase and resell the companies products. This one is going to sell very quickly and has tremendous upside. Contact 262-347-2083 to get a full business profile.

Facilities: 1200 SQ FT HOUSE (ZONED COMMERCIAL) ON MAIN STRIP OF DOWNTOWN AT $1250 PER MONTH, ALL FOR USE IN SALES, MANAGEMENT, and PRODUCTION MANAGEMENT.

Competition: The companys current customer mix is 98% wholesale and 2% retail done mostly through art and craft shows. with their current customer base, the company is utilizing a breadth of market approach. their 3 largest customers which include whole foods and 2 catalogues still only comprise 30% of sales total. regular customer base is close to 500 locations and total customer base is approximately 1000 separate stores. The buyers for these outlets are generally 30-60 years of age and middle class. Buyers from every state in the nation.

Growth/Expansion: Growth is simple. Focus on core customers with expanded use of the internet.

Financing: None

Support/Training: 4 weeks of training, 40 hrs per week including owner, production manager, finance manager and sales reps.

Reason Selling: Seller has corporate job and is burnt out and ready to move on

Business listed by

Tim Bullard

262-347-2083


VR Business Brokers


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