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Online Jewelry Retailer
North CarolinaListing DetailsOffice ID: JEWELRY3
Status: Sold
Listing Broker: John O'Connor MFA, CRW, CCM, ABI
Listing Price: $89,700
Cash Flow: $37,822
Forecasted Cash Flow: $4,200
Inventory: $1,500
Inventory Included: Yes
FF&E: $10,000
FF&E Included: Yes
Down Payment: $22,000
Sale Price: $34,000
Real Estate Included: No
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:
Seller will provide a reasonable amount of financing based on SBA requirements and overall deal terms.
Home Based: Yes
Reason for Sale:
The business was started online with one product and is now growing so fast they cannot keep up and still pursue their engineering and medical/healthcare careers.
Training:
The current owners are willing to help the new business owners with reasonable transition needs.
OperationsYear Established: 2013
Form of Ownership: LLC
Employees (part-time): 2
Business Hours: 24/7 for orders
Summary
Business Description:
This design business an online boutique business that specializes in monogrammed goods. They design and personalize acrylic jewelry, cuff links, earrings, necklaces, bracelets, keychains, and ornaments. It has recently expanded it offerings to include monogrammed wood products such as cutting boards and other items that are generally given as a gift or otherwise for special occasions since they are unique to the person or couple.
Historical Summary:
This was an online business that started with one design.
Owner Qualifications:
This business is easily transferable and can be run part-time without requiring special skills. The new owners will benefit from having basic digital marketing knowledge and basic knowledge of business and accounting.
Competition:
Thier niche has little competition other than general online jewelry design stores.
Potential Growth:
The growth is limited by time and investment. The business started out with one product and has grown into an Etsy and Amazon Handmade market place approved retailer. It started in North Carolina and is growing locally and globally.
LocationType of Location: Home Based
Facilities:
The business is home based and currently is operated in approximately 230 square foot storage facility for $300 per month which is on a month to month basis.
Last Updated: Apr 28, 2016 / 4:13 PM
Financial Information Current as of: Dec 2, 2015 / 5:59 PM