Jewelry Retailer and Repair Shop

North East

Jewelry Retailer and Repair Shop
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Asking Price: Get Financing: N/A

Cash Flow: N/A

Gross Revenue: $2,500,000

EBITDA: $172,000

FF&E: N/A

Inventory: N/A

Established: N/A

Jewelry Retailer and Repair Shop

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Business Description

Founded in 1993, the Company is a full-service retail and wholesale jeweler. It retails and services all types of jewelry, including engagement rings, wedding bands, diamonds, and timepieces. In 2017, revenues were comprised of showcase sales (66.3%), special orders (21.7%), jewelry and watch repairs (11.2%), and other (<1%).

Customers are mostly retail (97% of 2017 revenue) with some wholesale accounts (3%). The Company has eight wholesale accounts that are primarily repairs for other jewelers. Expansion of the wholesale customer base is considered a strategic growth opportunity for new ownership.

The Company operates from a free-standing, 5,000-square foot retail store and repair shop for customers located within a 20-mile radius and beyond. It is currently staffed by 11 full-time and 4 part-time employees.

Detailed Information

Competition:
* Superior Name and Reputation: The Company has a long-standing reputation for providing quality products and repair services, reliable expertise, and superior customer support. * Diversified Customer Base: The Company’s customer base is diverse as no one customer represents more than a few percentage points of revenue in a given year.
Growth & Expansion:
US personal consumption expenditures for jewelry and watches are forecast to grow at a CAGR of 3% between 2018 and 2022.
Financing:
Negotiable
Support & Training:
To facilitate a successful and orderly transition, the current owners are willing to remain with the Company during a transition period.
Reason for Selling:
Additional capital required to take the Company to the next level
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Doug Smith

Business Listed By:
Doug Smith

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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