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Businesses For Sale   >>   Minnesota Businesses For Sale Categories   >>   

Long-Standing Designer / Manufacturer Of Jewelry

Location  Minnesota,United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $2500000
Net Profit / Cash Flow  $250000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1933
Number of Employees  4 - 5
Inventory  1500000
Relocatable  Yes
Number of Employees  4 - 5
Real Estate  Leased
Training  Yes for transition.
Reason for Sale  Age, retirement, business can benefit from capital infusion.
Description  Long-established firm designs, manufactures and distributes 10kt, 14kt, 18kt, 22kt and platinum bridal sets, earrings, and pendants. Provides over 8,000 stone rings, 3,000 bridal sets and diamond rings, 1,500 pendant/earring sets and specialty collections. The Company also produces custom designs and services. Recurring customer base consisting of between 350 to 500 independent retail jewelry stores mostly in the upper Midwest. The Company has a long credit history with all of its customers and sells its products on 30, 60 and 90 day terms, with 30 days being 30% of the Company's volume. Customers are loyal because of the personal contact with the Company's seasoned salesmen over the last 20 years. The Company's commissioned salesmen sell only its proprietary line, and they service the customer three times a year. Contact for more information on this Jewelry Design and Manufacturing business for sale.
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