Inventory Basis:at cost, additional
This one-of-a-kind jewelry crafting supply wholesaler and retailer is a local gem located right in the center of a lively business district in an affluent and populous area of the state. Established several decades ago, the Company has grown from its simple mail-order beginnings into one of the best known and most well-regarded names in the industry.
The Company boasts a premium brand, a devoted customer following, and a passionate focus on the customer experience. Its mission is to provide each customer a unique and fulfilling experience, offering service, selection, and quality products in a stimulating environment intend to promote its customers’ most creative impulses.
The owner ran the business in person for many years but has run the business remotely for the past four years as he focused on other personal priorities. While the owner has been absent, profitability has not, despite the challenges of the global pandemic and ensuing lockdowns. Preserving profitability has been a staid characteristic of this business in past economic downturns, as well.
The Company has already bounced back from its more than two-month lockdown in 2020. Year-to-date 2021 has been more successful than both 2020 and 2019. While revenue took a slight knock after the owner moved to absentee status, the nature of the Company’s business yields high gross profit margin and free cash flow levels relative to sales (and compared to many other industries). As a result, increases in revenue from a new, motivated, and present owner will redound directly to the new owner’s benefit.
The institutional knowledge, excellent reputation, loyal clientele, depth of experience, and dearth of direct competition, which the seller will pass to the new owner, almost guarantee success and provide the perfect foundation for growth. The Company is a great acquisition for a first-time business buyer or for a seasoned business owner.
Do you have a passion for jewelry crafting and wish you had more time to spend on it? Why not make it your business and make money too? Do you already own a craft or hobby business and want to grow with an established enterprise? Give us a call and let us show you how.Employees:
Seller will provide support necessary for a smooth transition
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