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Semi-Absentee High Margin Costume Jewelry Biz! 100% Online Sales!

Listing Number: 189597-623892

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Listing Details

Semi-Absentee High Margin Costume Jewelry Biz! 100% Online Sales!
Price: $550,000
Location: Nassau County, New York
  • Down Payment: $200,000
  • Sales: $753,000
  • Seller's Discretionary Earnings: $200,000
  • Inventory: $54,000
  • Furniture, Fixtures, and Equipment: $25,000
  • Rent: $5,600
  • Employees: 2
  • Year Established: 2006
  • Reason for Selling: Retirement

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Business Description

This 20 year old costume jewelry business runs itself! They started out selling department stores and brick and mortar fashion retail chains and now sell 100% online through various retail partnerships including Macy's, Nordstrom's, Rue La La and their own website. They have longstanding relationships with two manufacturers in China that produce all the product. The owner is not involved in any of the day to day operations - she only gets involved with the design of new product each season. Most items are produced at $9 or less and sell wholesale for $39-$99 a piece. 90% of the business is done with 5 retailers which leaves a tremendous opportunity for growth for the new owners. The owner is retiring and moving to Florida where she already spends a significant amount of time. 

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