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ACQUISITION OPPORTUNITY #R-2106s
SPECIALTY JEWELRY & PAWN
PROFILE:
Offered for sale is a long established specialty jewelry and
pawn business that is the premier business in its niche in
Southwestern Ohio, and one of the top performing leaders in its
category. This fully licensed and regulated entity has served
its market area for nearly twenty years as a full-service
manufacturing jeweler, custom designed pieces, and onsite
jewelry repair. The Company maintains an inventory of more than
5,000 pieces of new and pre-owned jewelry, diamonds and
gemstones.
The business averaged $2.8 million in revenues and over $660,000
in earnings during the past few years. With approximately
twelve percent growth in 2010 over 2009, the Company expects $3
million in revenues and $775,000 in earnings for this period.
Consistently, the Company derives $40,000 per month in net
income from items in pawn and from storage fees.
INVESTMENT HIGHLIGHTS:
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Premier jewelry and pawn business in Southwest Ohio
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Public awareness and attention to the price of gold and
other valuables, along with media promotion of pawn
brokering, has generated market acceptance and industry
growth
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$2.8 million average revenues during the past three years,
with average earnings over $660,000 per year
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Business tracking at 12% growth in 2010 versus 2009, with
expected revenues of $3 million and earnings of $775,000
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The business model has been fine tuned through its lengthy
history, where additional units may be added regionally and
nationally
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Semi-passive ownership with experienced professional
management in place, and skilled department managers and
staff will provide for a turn-key, seamless transition to
successor ownership
PURCHASE PRICE:
This fine business is offered for sale as an asset purchase,
free and clear of debt and all liabilities, for $4.5 million.
It is estimated that the Purchaser will need approximately $2
million in unencumbered funds, with the remainder in bank
financing to complete this transaction.
Financial Summary: (000’s omitted)
FOR FURTHER INFORMATION CONTACT:
KEATE PARTNERS
7783A Five
Mile Road
Huntington
Bank Building
Cincinnati,
OH 45230
(513)
241-3700 Fax (513) 852-8325
www.keatepartners.com
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