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Listed by:

BTI Group

Broker license number: 01152802

Sterling Silver Buckles Jewelry Wholesale And Retail For Sale

Carmel, California - North
Asking Price:
$1,200,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,600,000 (USD)
Cash Flow:
$112,000 (USD)

This company designs, manufactures, wholesales & retails sterling silver buckles, accessories & jewelry as well as fine leather belts. It has been in business for thirty years & is a vertically organized enterprise with first class retail stores in New York City on Madison Ave. & in Carmel-By-the-Sea, CA. on Ocean Ave. The manufacturing is done in Mexico. The wholesale part of the business & office can be located anywhere. The lease for the New York store is up in December & can be renewed. The inventory, estimated at more than $1,400,000 is included in the purchase price. Seller will offer some financing to a qualified buyer.

This company designs, manufactures, wholesales & retails high-end sterling silver buckles, fine leather belts, accessories & jewelry. Their sterling silver jewelry includes necklaces, bracelets, rings, earrings, bracelets, hair barrettes, & combs. The belts are offered in crocodile, classic leather, alligator, lizard, hornback, ostrich & stingray. The buckles are offered in a hundred imaginative designs. It has been in business for thirty years & is a vertically organized enterprise with first class retail stores in New York City on Madison Ave. & in Carmel-By-the-Sea, CA. on Ocean Ave. The manufacturing is done in Mexico. The wholesale part of the business & office can be located anywhere. The lease for the New York store is up in December & can be renewed. The inventory, estimated at more than $1,400,000 is included in the purchase price. Seller financing available to a qualified buyer.

Property information

Real Estate:

Lease

Lease Terms:

New York Store 800 sf, $20.7K/ mo. Lease exp Dec 2018
Carmel Store 200 SF $5.5K/mo. Lease exp 2020

Leasehold Rent:

$66,000 (USD) per annum

Location:

Two First Class retail stores on Madison Ave, NYC (800 sf, $20.7K/ mo. Lease exp Dec 2018, renewable ) & Resort Town of Carmel CA (200 SF $5.5K/mo. Lease exp 2020) Manufacturing in Mexico

Premises Details:

Classy well appointed showrooms

Size in square feet:
200 sf

Business Operation

Expansion Potential:

More store locations may be added in tourist areas

Reasons for selling:

Retiring

Trading hours:

Both retail locations: M-SAT 10-6:00; SUN 10-5:00

Employees:
6
Years established:
1994

Other Information

Support & training:

3 Weeks, 20 Hours Per Week

Financing available:

Seller financing is available for a qualified buyer with 45% down @ 6% amortized over 7-10 years with a 36 month balloon payment

Inventory / Stock value:
$1,400,000 (USD) - included in the asking price
Related Documents:
Relocatable:
This business can be relocated.

Contact Information

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