Wholesaler & Retailer of Coins, Currencies, Gold & Silver Bullion

North East

Wholesaler & Retailer of Coins, Currencies, Gold & Silver Bullion
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $1,350,000

EBITDA: N/A

FF&E: N/A

Inventory: $384,000*

Established: N/A

*not included in asking price.

Wholesaler & Retailer of Coins, Currencies, Gold & Silver Bullion

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Business Description

The Company sells precious metals, collectible coins, currencies, and jewelry on a retail and wholesale basis.

The Company sells gold bullion, silver bullion, a large selection of American gold and silver coins, as well as foreign denominations of gold and silver coins, such as Mexican, British, and Australian silver coins. The Company also sells gold and sterling silver jewelry, and offers a range of US banknotes, foreign banknotes, currency collecting books, and supplies. During 2017, the Company’s product sales comprised Gold Bullion: 48% of 2017 sales, Silver Bullion: 30%, US Coins & Currency: 16%, Scrap Gold & Jewelry: 5%, and Foreign Coins, Currencies, other products: 1%.

Detailed Information

Inventory:
Not included in asking price
Competition:
* Superior Name & Reputation: The Company has a long-standing (25+ years) reputation for its focus on fashionable products, offering reliable expertise, and providing superior customer support. * Cash Business: All sales are by cash or credit card. * National Supplier Network: The Company has an extensive network of suppliers throughout the United States. These suppliers enable the Company to ultimately benefit from better pricing. * National Reach: The Company has maintained and has annually bought and sold products with customers across the United States for many years. * Diversified Customer Base: No single customer accounted for more than 15% of annual revenue during the historical period. The diversified customer base helps ensure that the Company will not be significantly impacted by the loss of a single account.
Growth & Expansion:
Coin collecting is a $10 billion dollar a year industry in the United States alone, and the worldwide figure is somewhere around $100 Billion dollars a year. It is estimated that over 4,000,000 coin collectors are active in the US alone. Coin collecting is a way to store wealth, is patriotic, and is a way for a 70 year old grandparent and a 7 year kid to relate.
Financing:
Negotiable
Support & Training:
To facilitate a successful and orderly transition, the current owner is willing to remain with the Company during a transition period.
Reason for Selling:
Retirement
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Corey Painter

Business Listed By:
Corey Painter

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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