Business Summary:
Well established (60 years) NY based jewelry display manufacturer and distributor. Long term relationships with customers include distributors, jewelry manufacturers and retail stores. Business s ability to manufacture high quality products locally with a quick turn around time and the capacity to customize large and small orders gives the business a competitive advantage over importers that tend to support a lower cost / lower quality business model. Company serves the mid scale market at competitive prices. Order sizes vary from a couple hundred dollars up to $20,000 per order. The owner believes the business will continue to thrive even as the economy faces a downturn. Jewelry does not sell by itself and needs to be displayed in an appealing and enticing way in order to attract buyers. Management team includes the owner that acts as CEO, and a foreman, in charge of the manufacturing facility and a business manager, both who has been with the business for 20 and 10 years respectively. Out of the 25 full time employees a few specialize in wood cutting, while the rest work in general assembly. Two employees work in the shipping dept. The average employee has been with the company for over 10 years. The business utilizes a free lance commission based sales person. Business is open five days a week from 8:30 am to 4:30 pm. While the business is perfectly positioned for a strategic acquisition, it is also ideal for an individual with a business background to run his own profitable business and take it to the next level. The price comprises all assets of the business including goodwill, infrastructure, website, domain, operation systems, machinery, equipment, inventory, agreements. The seller will retain the accounts receivable and pay off the accounts payable.
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