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 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 Real Estate for Sale: Yes 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: Dec 18, 2017 / 11:53 AM Financial Information Current As Of: Dec 2, 2015 / 5:59 PM  |
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