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May 17, 2018 — This precious gems and stones company includes departments for manufacturing, distribution, and retail units. For decades, this jewelry manufacturer has overseen the entire jewelry-making process, from the alloy of raw materials, through to designing and nationwide distribution. The company has worked closely with many national brands in the creation of OEM products, and is retailed in dozens of locations and online.
In 2017, the company grossed over $78M in sales and profited $8.4M. Seeking to streamline costs and increase efficiency, the current leadership has started to implement company-wide software and curtailed some redundant positions.
The purchase price includes major assets with the replacement value of $18,994,994, and working inventory valued at $12,376,798.
Years in Business: 50+
Service Area: Nationwide
Demographics: The company has OEM deals with many national brands such as Overstock, JC Penney, and QVC, and is retailed in dozens of locations and online
QVC: 300 – 400 items are retailed through QVC
Services: Jewelry sales, alloy of raw materials, jewelry design & repair, diamond cutting, goldsmithing
Building Lease: 40,000 sq. ft. – includes office space and manufacturing plant
Reason for Selling: Sale will allow first generation shareholders to receive payment on established equity in the company
Seller Training Period: CEO and leadership team will remain on if desired by buyer