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Jewelry Retail & Gold Buying
Location Oregon,United States
Asking Price Range $10.0M - $20.0M
Gross Revenues $14723880
Net Profit / Cash Flow $3338491
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1910
Number of Employees 20 - 34
Relocatable No
Number of Employees 20 - 34
Real Estate Leased
Training negotiable as needed
Reason for Sale retirement
Description For over 100 years, this family-owned jewelry retailer operating in the Pacific Northwest has been offering a varied and excellent selection of stylish, high quality jewelry. They operate two stores where they sell bridal jewelry as well as provide gold, silver and diamond buying services and short-term loans on jewelry and diamonds.
The Company's focus on bridal jewelry and gold and diamond buying has allowed them to not only survive the economic downturn, but actually thrive and grow more profitable. Management believes that they have created a business model that can be introduced into other geographic markets. Stores can be built with relatively low capital requirements, including small inventory levels.
By focusing their inventory on engagement and wedding jewelry, and emphasizing their ability to provide custom designs, the Company is able to keep inventory costs low.
Buying gold, silver and diamond products at scrap value, has allowed the Company to not only add another revenue stream to its traditional jewelry business, but has significantly improved its profit margins.
The Company has also leveraged it reputation to offer consumers who need immediate cash short term loans using their diamonds and jewelry as collateral.
In addition to the two owners who currently manage the business, there is a roster of strong, tenured managers who handle daily operations. Each store is staffed with a store manager, a goldsmith and full and part time sales associates.
Their business grew at a CAGR of just over 30% from 2010 to 2012, earning $3.3 million in EBITDA on $14.7 million in revenue in 2012. Asking price is $12,000,000.
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