Wholesale importer of jewelry and gift items

Denver, CO (Denver County) (Relocatable)

Seller Financing Available
Wholesale importer of jewelry and gift items
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Asking Price: $750,000

Cash Flow: $233,000

Gross Revenue: $987,000

EBITDA: N/A

FF&E: $10,000

Inventory: $272,500

Real Estate: $550,000*

Established: 2000

*not included in asking price.

Wholesale importer of jewelry and gift items

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Business Description

Amazing and unique import business with great opportunities for growth

My business manufactures, imports, and wholesales jewelry and handicraft.

Our products are colorful and fun to sell. They sell abnormally well.

Working with the kind of products that we sell is a generative and creative process. It is easy to invent and produce new, fast-selling products,

We have something like 2000 customers in the Quickbooks. I think around 1000 of them are active. We distribute to gift stores, boutiques, museum stores, hospital stores, zoos, etc . . . The kind of gift stores that we sell to (a lot in tourist towns) are not going anywhere.

Our average order size is around $400 or $500. We have a few big customers, but the vast majority of our customers have a single store. This gives this business a lot of stability.

This business has abundant opportunities for growth in a variety of different directions.

This business is not for everybody. First, there are parts of this business that require a certain amount of energy (being involved with trade shows). Second, this business involves importing from Latin America. So, at a minimum, the buyer should be open to learning a little Spanish, look forward to being involved in a foreign culture, and enjoy traveling there at least once every two years. Third, the business requires a bit of creativity and hustle. That said, if you have the energy, creativity, and ability to manage, I think that this business will reward you well, and on many levels.

I started this business 19 years ago. I had three years in a row in which I made an average of $500,000 per year in cash flow. Since then, this business has suffered from my lack of motivation. There are plenty of opportunities for you to gain new streams of income (ideas that I have, but I have not had the motivation to execute)

This is a wonderful business. It has made me life-changing money. It has given me an opportunity to be deeply immersed in a fascinating foreign culture and work with some amazing people. Due to the success of this business, I don't need to work -- so a certain amount of my motivation for being in business is no longer there. That is why I am selling.

Detailed Information

Location:
Denver, CO
Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
3,200
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
I own the 3200 square foot warehouse in which this business is located, near the Denver Merchandise Mart. The warehouse is for sale with the business. If you are not interested in buying the warehouse, I would be happy to continue to be the landlord. I would maintain the rent at a very reasonable rate and / or offer a lease for as long a term as you would like.
Competition:
The market is large and due to my personal lack of motivation, unsaturated. Our distribution is currently national. Due to the low cost of shipping the majority of our products, it would be easy to distribute globally. We have a few competitors, but what we do tends to be somewhat different from what they do.
Growth & Expansion:
The growth opportunities for this business are fantastic. This business is ready to be doing online retailing, which we currently do very very little of. The business is ready to do custom manufacturing for larger customers. New products from different countries can be added.
Support & Training:
I will personally train the buyer in every aspect and detail of the business. I will set you up for success and growth. This business has been my baby. A lot of people depend on it for their livelihood. I want it to continue to thrive, for the sake of the workers, the suppliers, the customers, my team, and you.
Reason for Selling:
I have made enough money and am ready to move on to the next phase of my life.
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Business Listed By:
Brian

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