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Sep 27, 2019 — Custom Design / Manufacturing, Retail and Repair is the focus of this successful private jewelry business in an affluent central Orange County city. Originally established in New York more than a hundred years ago, the current owner purchased it in 1995, moved West and has worked hard to build the business while maintaining its family-owned “old world” charm. Three major revenue streams driving profits are:
˜Third party designer and brand-name fine jewelry.
˜Repair services. Minor repairs are done in-house. Major repairs are outsourced.
Margins vary by segment but are generally high.
The owners oversee every aspect of the business and maintain excellent records. Sale price includes goodwill with long-established relationships with manufacturers, suppliers and repair shops. Seller will provide training and make introductions to key contacts. One key to growing profits is the expansion into social media marketing (advertising on Facebook, Twitter, Pinterest, Instagram), which they have not done.
NDA is required to secure comprehensive Confidential Information Memorandum (CIM) on file with ProNova Partners.
Inventory: $50,000 included in asking price.
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: A busy, modern, commercial business park unit with a full security system and designated private parking. Unlike regular retail or mall hours, the operation is open Sunday through Thursday, strictly by appointment. Walk-ins are welcome Fridays and Saturdays.
Competition: In CIM. NDA is required.
Growth & Expansion: In CIM. NDA is required.
Support & Training: 2 weeks at 20 hours per week.
Reason for Selling: Retirement.