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ACQUISITION OPPORTUNITY #R-2106s
SPECIALTY JEWELRY & PAWN
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 $2.9 million in revenues and over $775,000 in
earnings during the past few years. With approximately
sixteen percent growth in 2010 over 2009, the Company expects
$3.6 million in revenues and $1,100,000 in earnings for 2011.
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 has generated
market acceptance and industry growth
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$2.9 million average revenues during the past three years,
with average earnings over $775,000 per year
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Business had 16% growth in 2010 versus 2009.
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2011
is expected to achieve revenues of $3.6 million and earnings
of $1,100,000
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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.
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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