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Respectable Full-Service Diamond Dealer for sale in Southeast, MI

Southeast, Michigan (MI)

Asking Price: Gross: Cash Flow:
$ 199,000 $ 661,000 $ 118,443

Furniture and Fixtures Value:
$ 100,000 (included in the asking price)

Inventory Value:
$ 750,000 (not included in the asking price)

Business Summary:
We are pleased to introduce truly one of a kind business for sale. This long-established full-service diamond dealer caters primarily to businesses and is known for prompt delivery, impeccable reputation and integrity in the local market. For many years, this successful business built a diverse loyal clientele of jewelry stores and setters throughout Metro Detroit and surrounding areas. Extremely reliable supplier for many years consistently provides superior quality stones allowing the owner to meet and exceed customer expectations.The owner is currently only working 20 hrs. weekly on average and is ready to retire.  He would be happy to train the buyer as well as stay for a mutually agreed period to ensure each client’s smooth transition. All inventory is current and consistently used. The business is offered at $199K, inventory is not included in the price, but available at cost, estimated conservatively at $750,000 based on 2021 pricing which since went up 15-20% on average. This business is a turn-key operation with significant opportunities for growth due to stellar reputation. References are available during due diligence process. Ideal buyer does not need experience in the industry, but to be successful needs to be trustworthy, ambitious, and willing to work full time to grow the business.More information is available with signed Non-Disclosure. All buyers must show financial capability prior to confidential information being released for review.    

 

   
Year Business was Established: 1990
   
Number of Employees: 1  
   
Facilities / Terms of Lease: Ideally located in a Diamond & Jewelry building, this business operates out of a fully furnished 1,200 sq ft, office, equipped with state-of-the-art security system and specifically designed for wholesale jewelry & diamond business. FF&E includes two safes, 3 diamond scales, full kitchen, computers, and much more. Everything is in great working condition.  
   
Potential Growth/Expansion: Currently the business only serves Metro Detroit and surrounding areas only. Very easily expandable to the rest of Michigan, Illinois, Ohio and Indiana. Numerous other opportunities for growth and expansion are available for a new owner with fresh energy and excitement who pursues marketing efforts in addition to existing clientele base already established.  
   
Competition: Locally, there is virtually no competition of the same caliber. Although, other diamond wholesale companies exist, the quality of the stones most often is not up to par or the product is offered in much larger quantities, which is not adventitious to the jewelry stores who are not interested in carrying inventory.  
   
Owner willing to train: Seller will provide all necessary training to insure smooth transition  
   
Reason for selling: Retirement  
   
Seller Reference Number: MI062321
BusinessMart.com Listing Number: 270775
 

 

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For more info contact:

Tanya Popov

Inix Consulting and Brokerage, LLC
248-727-2789

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