Wholesale Gold and Silver Jewelry with Overseas Manufacturing Facility

Santa Cruz County, CA (Relocatable)

Seller Financing Available
Wholesale Gold and Silver Jewelry with Overseas Manufacturing Facility
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Asking Price: $2,100,000

Cash Flow: N/A

Gross Revenue: $800,000

EBITDA: N/A

FF&E: $60,000

Inventory: $1,900,000

Real Estate: $270,000

Established: 1987

Wholesale Gold and Silver Jewelry with Overseas Manufacturing Facility

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Business Description

US Corp and 100% legal ownership workshop and villa in Bali, Indonesia

The business consists of a USA wholesale office distributing our proprietary designs in both silver and gold. (2 separate jewelry lines). The silver line ( baskjewelry.com, around 30% of revenue, approx 3x markup over cost) sells direct to stores via website orders, and we also have continuous business (over $2M and 15 years duration) producing for major catalog companies. The gold line ( stevenbattelle.com, baliweddingbands.com ), 70% of revenue, approx 2.2 markup over cost) accounts are established either via our once yearly trade show (Tucson Gem Show) or direct visit, and serviced by our very functional and easy to use website. Our overseas design and manufacturing facility ( baskbali.com, established 2002) is a legal 100% foreign ownership Indonesia corporation of 30 veteran staff including an experienced western manager. Average salary is $250/mo. Besides our own designs, the Bali facility is utilized for OEM production of other designer jewelry lines sold in USA, Australia, China, New Zealand, and Europe. Inventory consists of gold and silver jewelry, and gemstones (many sourced in previous years and valued at original cost, way below current replacement cost). I would like to mention that although I'm ready to pass this business on if the right parties are interested, please don't bother contacting me unless you have some significant capital available, as this is not a fire sale.

Detailed Information

Location:
Santa Cruz County, CA
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
1,600
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Our USA wholesale office is a 1500 square ft 2nd floor facility leased at $3000/mo. The overseas facility in Bali, Indonesia consists of a shop, office, large design room, and manufacturing areas for a total of around 4000 square feet. The Bali facility lease is fully paid through 2023. Included is company ownership (not lease) of a nice villa with pool (yourbalivacationvilla.com. The villa is 400 yds from the office located in a prime vacation and tourist area of Bali near the beach. The value of this land and villa is approximately $250K
Competition:
All types of jewelry are extremely competitive, but for our particular style of gold designs there is both a more limited market and somewhat less competition. Prospects can be easily identified, and acquired either by direct visit or by mail.
Growth & Expansion:
We only do one trade show a year. This could be easily expanded. There are many avenues for expanding the wholesale trade, as well as promoting our websites more towards retail customers. Once wholesale accounts are established, they do not require ongoing visits to maintain, as our websites provide a very functional and well appreciated method of working with clients. We have target lists of possible customers, and have a track record of better than 60% chance of getting going with them once the line is actually shown to the clients.
Support & Training:
I'm planning on spending a year or more (if desired by new owners) to acquaint new owners with designs, manufacturing, customers, sourcing gemstones and materials, overseas workshop, IT systems, etc
Reason for Selling:
retirement/other interests
Business Website:
http://stevenbattelle.com
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Business Listed By:
Steven Battelle

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