Luxury Jewelry Retailer Available for Acquisition

Asking Price$4,500,000

Cash Flow
Not Disclosed

EBITDA$1,075,000

Gross Revenue$6,000,000

Inventory$2,250,000
Not included in asking price
FF&ENot Disclosed

Real Estate$4,000,000
Not included in asking price
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Luxury Jewelry Retailer Available for Acquisition


Asking Price$4,500,000

Cash Flow
Not Disclosed

EBITDA$1,075,000

Gross Revenue$6,000,000

Inventory$2,250,000
Not included in asking price
FF&ENot Disclosed

Real Estate$4,000,000
Not included in asking price
Business Description
The business is a leading independent jeweler with a strong reputation and multi-generational legacy in the Columbus, Ohio area. Now located in one of the state's highest-traffic retail corridors, the Company has evolved into a full-service design-forward destination for bridal, custom, and luxury jewelry. The business is also an official Breitling retailer and has begun testing other pre-owned luxury watch sales. Despite strong in-store performance and a loyal customer base, the Company has yet to launch an e-commerce platform - presenting a significant digital growth opportunity, among other available avenues to increase sales and expand margins.
About the Business
Years in Operation
59
Employees
15 (10 Full-time, 5 Part-time)
Facilities & Assets
The jewelry inventory can be sold on consignment or purchased immediately with the company. With the appreciation of gold prices, it is worth substantially more than the balance sheet value (asking price).
Opportunities for Growth
$0 in online sales to-date is a major expansion opportunity. The business also has in-house custom capabilities, which are very high margin and can be expanded. Continuing to shift to lab diamonds for much higher margins. Expand estate buying and resale operations.
Real Estate
Owned or Leased
Owned
Not included in asking price
Building Sq. Ft.
6,964
About the Sale
Seller Motivation
Retirement
Transition Support
Remain with the business for a transition period of up to 18 months to pass along best practices
Listing Info
ID
2441638
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Business Listed by: Phil Hogan

Listing ID: 2441638 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.